Gateway Funding Honored by Pennsylvania Housing Finance Agen

1. Gateway Funding Honored by Pennsylvania Housing Finance Agency as a Top-10 Home Loan Lender (1888PressRelease) Gateway Funding Diversified Mortgage Services, LP, established in 1994, is one of the largest privately-held mortgage companies in the United States. Harrisburg, PA - Gateway Funding was recently honored by the Pennsylvania Housing Finance Agency as one of the top-10 participating lenders for homeownership programs. A banquet was held on March 16, 2011 at the agency's headquarters in Harrisburg, Pennsylvania. The lenders honored as the Top-10 assist homebuyers throughout the state in the application, processing, and closing of PHFA loans. Brian Hudson, executive director and CEO, recognized these outstanding organizations in their efforts to assist Commonwealth families and individuals achieve the American dream of homeownership. Out of approximately 120 participating lenders, the top 10 were presented awards at the banquet and were recognized for home loans funded by PHFA in 2010. Gateway Funding was ranked 5th out of approximately 120 participating lenders. The agency's honorary partners are, in ranking order: Sovereign Bank, Howard Hanna Financial Services, West Penn Financial Service Center; Jersey Shore State Bank, Gateway Funding Diversified Mortgage Services, Wells Fargo Home Mortgage, Boulevard Mortgage Company of PA, Allegheny Mortgage Corp, Huntingdon Valley Bank, and Fulton Mortgage Company.

2. Some lenders were further recognized for the quality of their loan packages and/or production of various specialty home loan products. Special award recipients were: Sovereign Bank for the Most Keystone Assistance Loans, Most Loans to Minority Homebuyers, and Most New Construction Loans; Jersey Shore State Bank for the Most HOMEstead Loans and the Best Quality Post-Closing Submissions; Howard Hanna Financial Services for being the Top Disclose Lender; Allegheny Mortgage Corp for the Best Quality Underwriting Submissions; West Penn Financial Service Center for the Most Tax Credit Advance Loans; First American Mortgage for the Number One New Lender; and Select Mortgage for the Top Third Party Originator category. About Gateway Funding Gateway Funding is licensed in most states and has office locations across the country to serve you in your mortgage, home finance, refinance and reverse mortgage requirements. Gateway Funding recognize the challenges their clients and borrowers face today and are determined to find the best possible solution for their customer's current financial needs. About PHFA The Pennsylvania Housing Finance Agency works to provide affordable homeownership and rental apartment options for older adults, lower- and moderate-income families, and people with special housing needs. Through its carefully managed mortgage programs and investments in multifamily housing developments, PHFA also promotes economic development across the state. Since its creation by the legislature in 1972, it has generated $9.9 billion of funding for more than 141,700 single-family home mortgage loans and 83,000 rental units, while saving the homes of nearly 45,500 families from foreclosure. PHFA programs and operations are funded primarily by the sale of securities with the exception of its Homeowners' Emergency Mortgage Assistance Program, which it receives a state appropriation to administer. PHFA is governed by a 14-member board of directors.

3. For additional information, contact: Keith Godburn Gateway Funding Diversified Mortgage Services LP 300 Welsh Road, Building 5 Horsham, PA 19044 1-800-355-5626 kgodburn ( @ ) gateway-funding dot com http://www.gateway-funding.com Source: http://www.1888pressrelease.com/gateway-funding/mortgage-loan-pa/gateway-funding-honored-by-pennsylvania-housing-finance-agen-pr-292408.html