Two independent mortgage firms have made key changes to their operations to provide better subservicing solutions to FHA and VA lenders as well as reverse mortgage originators. Gateway Mortgage Group, a privately held mortgage bank based in Tulsa, OK, recently announced a new in-house subservicing unit dedicated solely to specialty and default servicing of FHA and VA loans. The decision to set up a subservicing shop became necessary due to the more stringent government loan requirements and increased oversight by regulators, according to Kevin Osuna, vice president of default services. Community bank servicers and smaller institutions were struggling ...