Recent DU 10.1 Changes Create Opportunities
There were several changes to DU in late 2017 that provide expanded opportunities for 2018 originations. One of those changes was the implementation of DU 10.1. Summary of DU 10.1 Changes
How to Submit a Loan
Watch this video to learn how to submit a loan to GMFS.
How to Lock a Loan with GMFS
Watch this video to learn how to lock a loan with GMFS.
New Guidelines FHA/VA Refinance Loans
Beginning with Locks dated on or after January 1, 2018, all FHA/VA Refinance Loans must adhere to Ginnie Mae guidelines issued 12/7/2017 (APM 17-06). Any FHA/VA loan being refinanced MUST meet the following guidelines: a) The borrower has made at least six consecutive…
IRS Transcript Requirement Suspension for USDA Loans
USDA announced on December 21, 2017 that the requirement to retain IRS Form 4506-T for all adult household members has been suspended until further notice. Form 4506-T will still be required for Household Members included on the loan application. Effective…