Gateway Mortgage Group, LLC, a privately held mortgage company offering
originations, servicing and correspondent lending, announced that it now
serves more than 100,000 customers across the nation. With this growth,
Gateway’s servicing portfolio experienced a 32 percent year-over-year
growth rate accumulating to more than $16.6 billion at the end of May.
Despite lower loan origination volumes across the entire industry, the
company’s loan volume grew to more than $2.4 billion for the same period
ending May 31, indicating a 16 percent year-over-year growth rate.
Over the past year, Gateway has opened multiple new branches, extending
its footprint to include cities such as Las Vegas and Sequim, Wash. The
company also became licensed in Idaho, Nevada and North Dakota.
“At Gateway, our commitment to the families and customers that we serve
drives us to challenge ourselves,” said Kevin Stitt, CEO at Gateway. “As
we continue to grow and expand, we focus on our core values and stay
true to our roots—empowering the American dream of homeownership and
giving back to our communities as well as those in need. We look forward
to the future as we continue to partner with more customers and
communities across the nation.”
In addition to the growth from Gateway’s retail sector, the company has
received several recent accolades including being named to Scotsman
Guide’s Top Mortgage Lenders list for 2017, where the company ranked
eighth in correspondent volume, as well as being honored for the sixth
time by Mortgage Executive Magazine as a ‘Top 100 Mortgage
Company.’ Additionally, Gateway has been recognized 23 times as an
industry leader over the past five years, and in 2017, the company was
listed on Inc. Magazine’s Inc. 5000 list for the seventh time.
Gateway is licensed in 41 states and operates more than 160 retail
locations across the country. The company is expected to provide
mortgage services to approximately 150,000 customers this year, and its
annual loan volume is forecasted to exceed $6 billion while the
servicing portfolio will surpass $19 billion.
About Gateway Mortgage Group
Gateway is one of the largest privately held mortgage origination and
servicing companies in the United States. Founded in 2000 and
headquartered in Jenks, Oklahoma, the company employs more than 1,200
team members in 160+ offices nationwide and currently services over $16
billion in residential mortgages. For more information about Gateway,
Gateway Mortgage Group, LLC (NMLS 7233).
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