GMFS Ranked #1 USDA Lender in Louisiana…AGAIN!
GMFS has been named the #1 Guaranteed Rural Housing Lender in Louisiana by USDA Rural Development! This marks the 10th year in a row! www.gmfspartners.com/usda
GMFS is a Scotsman Guide Top Mortgage Lender in 2025!
GMFS is honored to be ranked as a Scotsman Guide Top Mortgage Lender in 2025! GMFS has been named the #1 Wholesale Lender in Louisiana, #25 Nationally GMFS has been named the #1 Correspondent Lender in Louisiana, #17 Nationally Thank…
Area Median Income Limits have been updated – Effective 5/18/25
Freddie Mac has announced the release of new 2025 AMI Limits, effective May 18, 2025. Effective on May 18, 2025, Loan Product Advisor will apply the updated 2025 Area Median Income limits as follows: For loans submitted prior to May 18th using…
GMFS Now Using PandaDoc for Document Management
We are pleased to inform you that GMFS has recently implemented PandaDoc to streamline our document management and signing process. As part of this update, clients may receive email notifications from PandaDoc regarding documents that require their attention. Please rest…
VA Annual Renewal and Validation Process
You may have recently received a communication—either by email or mail—from the Department of Veterans Affairs (VA) regarding the Annual Renewal and Validation requirements (see sample below). After further clarification with the VA, we have been informed that all VA-approved agents must…
Citizenship and Immigration Requirements
In response to recent updates from USDA and FHA, and to help clarify eligibility for Conventional borrowers, GMFS is updating and refining the Citizenship Requirements in our Guide. USDA changes are already in effect, as previously announced by the agencies…
Good Friday Lock Desk Hours
Lock Desk Hours for Thursday & Friday Thursday, April 17th: the Lock Desk closes early at 1:00 PM CST Friday, April 18th: the Lock Desk is CLOSED No new locks will be accepted, but changes can be made online. GMFS…
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HomeReady/HomePossible Rates & Pricing – Simplified!
Great news! We have simplified how to access HomeReady/HomePossible rates and pricing. You no longer have to select the Affordable product type for these programs. Simply run your scenario through OB with just the Standard button clicked (see below). Best…
FHA Changes Announced in Mortgagee Letter 2025-09
GMFS has reviewed and will follow FHA’s instructions per Mortgagee Letter 2025-09. This ML is updating the eligibility for people who are not citizens of the United States. Our intent is to continue to process non-citizens using the same FHA…
New! Low Loan Balance Price Enhancements
Great news, GMFS is offering new Low Loan Balance Price Enhancements on Conventional Standard Agency 25 and 30 Fixed Rate Products! Beginning Monday March 24th, you will see these new adjustments on your new locks. Adjustments are determined based off…
Additional eClose Solution Now Available!
We are excited to announce that we have partnered with Encompass eClose as one of our Digital Closings providers. We will begin using Encompass eClose on February 17, 2025 to: Improve the borrower experience by having one login for signing…
Important Update About the Servicing of GMFS Mortgage Loans
Effective 02/04/2025, GMFS will transfer some of the FHA, VA and USDA it is currently servicing to Carrington Mortgage Services(CMS). Customer Support: Carrington Mortgage Services’ Customer Service team is ready to assist your clients with any questions or concerns. The…