Ring in the New Year with Bonus Pricing! GMFS is ringing in the New Year with 25 BPS bonus in pricing for conventional purchases to kick off 2021! Take advantage of this bonus pricing while it lasts. For a limited…
Check for PIW and Compare Price on All Loans with these Best Practice Tips – NEW download PIW Letter of Explanation (a completed LOX will be required by UW) Check for Property Inspection Waiver (PIW) It is always a best…
Starting Monday 10/12/20 GMFS will be monitoring the lock extensions in order to appropriately manage the changes required by Fannie and Freddie related to Adverse Market Fee. Please be aware that you may temporarily see short delays in your change…
BESTX Mortgage Insurance Enhancements With this release, we are making several enhancements to our BESTX™ Mortgage Insurance quote search functionality, adding additional parameters to the quote request and updating both the quote request and search results screens. New Fields Added…
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…
As business and the market slowly begin to move toward a sense of normalcy since the COVID-19 crisis, GMFS has started to make adjustments to expand the credit availability and improve pricing for your borrowers. See below for change to…
GMFS Offers Premium MI Pricing! By now all of the Mortgage Insurance companies have migrated away from MI rate cards to more fluid “risk based” pricing models. GMFS is pleased to offer the following MI companies with our Master Policy…
The above purchase scenario is for Home Buyers that are purchasing a home and considering a Down Payment of 5% or 10%. They are also comparing Mortgage Insurance options to decide which is best for them. Their FICO Scores are…
Available on: Fannie & Freddie Fixed Programs 1-4 Units, Owner & Non Owner Occupied, 2nd Homes New Construction & Existing Homes To Lock and Price a Loan for 90 Days: Login with your username & password Lock and Price a…
EFFECTIVE TODAY, February 1, 2018: See table below for VA Fees and Timeliness for Origination and Liquidation Appraisals in the states of Arkansas, Louisiana, Oklahoma and Texas.