Gateway Mortgage Creates Subservicing Unit

Posted by Orb Staff on January 12, 2012 No Comments
Categories : Mortgage Servicing

10695_gateway-logo-master-small Gateway Mortgage Creates Subservicing Unit Tulsa, Okla.-based Gateway Mortgage Group has developed an in-house subservicing unit focused on the specialty and default servicing of Federal Housing Administration (FHA) and Department of Veterans Affairs loans. The company has hired Kevin Osuna, former senior vice president of Midland Mortgage Co., as vice president of default services to run this unit.

‘In speaking to various industry participants, it became clear that traditional subservicers and small community banks were struggling with FHA default servicing requirements,’ says Osuna. ‘Gateway has the knowledge and proven processes to remove this burden from small servicers and mitigate the risks, such as findings and penalties on FHA claims or audits.’

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