GMFS Best Places to Work Winner 2020
GMFS #3 Best Places to Work in Baton Rouge 2020 GMFS is a 2020 Best Places to Work in Baton Rouge Winner! The awards program is a project of the Greater Baton Rouge Business Report, the Greater Baton Rouge SHRM,…
Update – Fannie/Freddie Announce Refinance Price Adjustment Postponed,...
New Adverse Market Refinance Pricing Fee Postponed! The Federal Housing Agency has directed Fannie Mae and Freddie Mac to postpone the previously announced loan-level price adjustment of 50 bps for new refinance transactions. The new refinance price adjustment will NO…
Tom D’Armond Discusses Options for Homeowners with LPB
From LPB’s Louisiana: The State We’re In – Tom D’Armond, VP GMFS, discusses the current problem and solutions available for homeowners during the pandemic. Louisiana ranks second in the nation in homeowners who are behind in their mortgage payments, related…
Compliance Tips
Is Compliance Complicated? Here are a few tips to help! Tip #1: We have recently seen more loans exceed the maximum points and fees test. When locking your loans, please pay particular attention to the following when locking the loan…
Reminder to Check Fannie AND Freddie – Best Practices in Optimal Blue
Reminder to Check Fannie AND Freddie – Check for PIW and Compare Price on All Loans with these Best Practice Tips Check for Property Inspection Waiver (PIW) It is always a best practice to run your AUS through DU AND…
$750 Customer Retention Credit – Don’t Forget This Important Step
GMFS is now offering a $750 customer retention credit to existing GMFS customers *Effective with NEW locks. In order to qualify as an existing GMFS Customer, borrower must have an active mortgage with GMFS. To receive lender credit existing mortgage…
Best Practices in Optimal Blue
Check for PIW and Compare Price on All Loans with these Best Practice Tips Check for Property Inspection Waiver (PIW) It is always a best practice to run your AUS through DU AND LPA to determine if your borrower is…
$750 Customer Retention Credit
GMFS is now offering a $750 customer retention credit to existing GMFS customers *Effective with NEW locks. In order to qualify as an existing GMFS Customer, borrower must have an active mortgage with GMFS. To receive lender credit existing mortgage…
New OB GMFS Servicer Toggle
Effective Immediately Optimal Blue has changed how to enter the data related to current servicer. You will now see a toggle on your landing page that says “GMFS Servicer” Y/N. It will default to No. Any previous locks will not…
Now Accepting all VISA Types on Conforming Loans
GMFS is Now Accepting all VISA Types on Conforming Loans Citizenship Requirements Borrowers must meet the following requirements: Each borrower on the loan must have a valid Social Security number Each borrower must have a valid VISA Employment authorization document…
GMFS Announces BESTX Mortgage Insurance
BESTX Mortgage Insurance GMFS is excited to announce the release of Optimal Blue’s new BESTX Mortgage Insurance quotes! This will enable you to easily VIEW and COMPARE quotes from our qualified MI provides we offer in a single view! Optimal…
Fannie Update – Homebuyer Education & Rental Income
GMFS breaks down latest Fannie updates Login to TPO Connect to access the Homebuyer Education and Rental Income Property flyer Homebuyer Education New policy- At least one Borrower must complete Homebuyer Education for the following transactions: If ALL Borrowers are…
Change to GMFS Payoff Quote Process
To better align ourselves with the industry, GMFS will be updating our policy to no longer net the escrow balance of the loan from the final payoff quote that is generated. Effective October 1, 2019, all payoff quotes produced by…