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With Bank of America and Ally Bank pulling out of the secondary correspondent markets and rumors of others doing the same, it is encouraging to see new correspondent entrants.\xa0 Our special guest on this program was Kevin Stitt, President of Gateway Mortgage Group based out of Tulsa.\xa0 As reported on March 5th in the Origination News, it was encouraging to read that Gateway Mortgage Group have entered the correspondent lending arena purchasing funded closed loans. \xa0\n In this broadcast, Kevin answered questions like... What did you see in the economy that made you want to enter correspondent lending?\xa0 Why did you get involved in correspondent lending when no one else was getting into the business?\xa0 What is Basel III?\xa0 What were the driving factors behind Gateway entering the correspondent division? Who is Gateway Mortgage Group?\xa0 ...and much more! \xa0\n Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Alice Alvey providing a LEGISLATIVE UPDATE, Joe Farr with a MARKET UPDATE, and Andy Schell (a/k/a "The Profit Doctor") providing valuable info on FINANCIAL MANAGEMENT and TONY GARRITANO providing a TECHNOLOGY UPDATE.\n With Bank of America and Ally Bank pulling out of the secondary correspondent markets and rumors of others doing the same, it is encouraging to see new correspondent entrants.\xa0 Our special guest on this program was Kevin Stitt, President of Gateway Mortgage Group based out of Tulsa.\xa0 As reported on March 5th in the Origination News, it was encouraging to read that Gateway Mortgage Group have entered the correspondent lending arena purchasing funded closed loans. \xa0\n In this broadcast, Kevin answered questions like... What did you see in the economy that made you want to enter correspondent lending?\xa0 Why did you get involved in correspondent lending when no one else was getting into the business?\xa0 What is Basel III?\xa0 What were the driving factors behind Gateway entering the correspondent division? Who is Gateway Mortgage Group?\xa0 ...and much more! \xa0\n Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Alice Alvey providing a LEGISLATIVE UPDATE, Joe Farr with a MARKET UPDATE, and Andy Schell (a/k/a "The Profit Doctor") providing valuable info on FINANCIAL MANAGEMENT and TONY GARRITANO providing a TECHNOLOGY UPDATE.