Gateway Funding Diversified Mortgage Services L.P. Announces the Launch of Correspondent Division

Our strength is our ability to build long lasting relationships with lenders by providing the best in class service, competitive products and consistent pricing. End Quote

Its time for the market to get back to the basics of bringing value to a long term relationship, everyone wins when you are committed to doing it the right way for the long term

Pittsburgh, PA (1888PressRelease) June 08, 2010 - Gateway Funding Diversified Mortgage Services, L.P., is proud to announce the recent launch of a Correspondent Lending Division, buying loans from lenders, bankers and financial institutions in the Mid-Atlantic States.

Gateway Funding Correspondent will offer a broad range of products, best in class turn times for underwriting and purchases, a customized servicing retention option, government sponsorship and much more.

"Its time for the market to get back to the basics of bringing value to a long term relationship, everyone wins when you are committed to doing it the right way for the long term", said Bruno Pasceri, President and CEO at Gateway Funding. As a strategic initiative Gateway Funding has its eye on the FHA 203K Renovation Loan program. "Lenders today are looking for the next loan program that makes sense for the borrower, adds value and builds our communities", Pasceri said. "The 203k renovation program is just that opportunity."

Demand for renovation lending products is likely to continue increasing over the next several years. Lenders choosing to promote renovation lending as a strategic initiative should benefit from this growth and the opportunities for added profitability associated with these products.

Gateway Funding Correspondent is an investor in the mortgage industry with an experienced and knowledgeable staff ready to provide you with best in class customer service. We have a well established Wholesale Division and have recently created a correspondent channel. Our business is in the purchase of agency and government quality whole loans from a network of mortgage banking lenders, financial institutions and credit unions in the Mid-Atlantic States.

Our strength is our ability to build long lasting relationships with lenders by providing the best in class service, competitive products and consistent pricing. Our team of Account Executives is aligned with experienced in-house Client Relationships Manager with direct access to Senior Management. The typical layers of management do not exist at Gateway Funding. This ultimately assures our customers access to all areas of operations including secondary, underwriting and funding. Gateway Funding Correspondent provides: excellent customer service, competitive products, regional operations support, consistent pricing, best in class turn times, training and support, and servicing retention option.

About Gateway Funding
Gateway Funding Diversified Mortgage Services, L.P. is a full service mortgage banking firm offering a diverse product line and unparalleled customer service. Our knowledgeable and seasoned Account Executives and Operations Staff are committed to helping our clients meet the needs of their customers. We recognize the challenges our clients and borrowers face today. We are determined to find the best possible solution for your customer's current financial needs.

The Gateway Funding Mission

Gateway Funding is committed to provide extraordinary customer service by making our client's satisfaction the top priority. We are committed to delivering quality mortgage solutions that support you in closing your loans on time, every time.

History of Gateway Funding
Established in 1994, Gateway Funding has grown to become one of the largest privately-held mortgage companies in the United States. We are licensed in most states and have office locations across the country to serve you.

For more information please contact:

Steve Reich and Nelson Ramos
Gateway Funding Diversified Mortgage Services, L.P.
300 Welsh Road, Building 5 • Horsham, PA 19044
Phone: 215-591-0222
Toll-Free: 800-355-5626
Website: www.correspondent.gateway-funding.com

http://www.gateway-funding.com

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