Gateway Mortgage Group picked GCC Servicing Systems
- mortgage seller uses GCC’s loan servicing platform
SOUTHFIELD, MI – August 6, 2010 – Gateway Mortgage Group, LLC, an originator and servicer of retail and wholesale mortgages, selected and successfully implemented GCC Servicing Systems’ loan servicing platform G/SERV for real estate and home equity loans.
Kevin Stitt, Gateway Mortgage Group president, said, “To maintain better control and track our product performance, we decided the best long-term investment was to bring our mortgage servicing in-house from a sub-servicer.
”Stitt said, “Our vice president, Roy Briggs, is a mortgage industry veteran and he did an outstanding job of leading our team with evaluating the various servicing programs and vendors. We looked at the bigger firms but decided GCC was a great fit with Gateway based on their capabilities, service and reasonable price point.”
On July 1st, G/SERV -- GCC’s servicing platform -- automated all of Gateway’s loan servicing functions including loan set-up, escrow and insurance administration, payment processing, credit bureau reporting, HUD delinquency reporting, VA delinquency reporting, Fannie Mae investor reporting, Ginnie Mae pool reporting as well as the WHFIT (Widely Held Fixed Investment Trust) reporting required by Ginnie Mae. G/SERV also provides functionality for customer relationship management, delinquency management, bankruptcy management, foreclosure management, and loan modification management. In addition, Gateway chose to use the G/SERV Web Portal to give their customers internet access for on-line payments and account review.GCC President, Glenn Liebowitz, said, “Gateway is a dynamic player in the mortgage industry and we’re excited to have been selected to be their provider for a loan servicing system.”
About Gateway Mortgage Group, LLC
The Oklahoma-based mortgage company was founded by Stitt in 1999 and it became a HUD-approved (U.S. Department of Housing and Urban Development) lender five years later. By 2007, Gateway was recognized by INC. Magazine as one of the fastest growing companies in America. Today, Gateway is licensed to sell FHA and VA, conventional Fannie Mae, conventional expanded levels, and Jumbo loans in 25 states including California, Texas, Florida, Illinois, Michigan, Virginia, Arizona and Indiana and services a loan portfolio of over $600 million.
About GCC Servicing Systems
GCC Servicing Systems is a mortgage servicing software technology and service provider that cost-effectively automates all aspects of loan servicing and data management. The company was founded in 1977 as a mortgage service bureau and was known as Glenn Computer Corporation until 2003. Today, GCC Servicing Systems customers include mortgage servicing departments of banks, credit unions and mortgage companies with 500 to one million loans. Based in Southfield, Michigan, the company’s mortgage servicing solutions, superior customer support and cutting-edge technology – G/SERV are available 24 hours-a-day, seven days- a-week, 52 weeks-a-year. For more information, visit www.GCCServicing.com.
Media Contact: Alex Cooper, The Cooper Group, 248-398-2667, This e-mail address is being protected from spambots. You need JavaScript enabled to view it
