As of May 1, mortgage loans that were serviced by GMFS Mortgage LLC, Serviced by Specialized Loan Servicing (SLS) now have a new name – GMFS Mortgage LLC, serviced by Shellpoint. As part of the Shellpoint family, we are excited…
FHA Underwriting Guidelines: Borrowers with Previous Mortgage Payment Forbearance On September 10th, FHA updated their Underwriting Guidelines for Borrowers with previous Mortgage Payment Forbearance, please see FHA Mortgagee Letter 2020-30 for complete details.
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…
Customers who had been boarded to Cenlar prior to the conversion to SLS and are now being subserviced by SLS will receive a 1098 from each of the two subservicers for 2018. If customers have received a 1098 it is…