TULSA, Okla.--(BUSINESS WIRE)--Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent lending, announced its new mortgage origination volume exceeded the $1 billion mark for the first time in their 12-year history.
“The recent operational enhancements afford us a great deal of scalability”
Gateway closed the year just over $1.4 billion in total originations while their servicing portfolio grew to over $2.5 billion dollars. “Our recent success is a direct result of a concentrated effort to strengthen our corporate infrastructure and operational platforms,” said Kevin Stitt, president and CEO of Gateway. “Supporting our local mortgage branches while elevating the customer experience is a constant focus for us, and is the catalyst to growing our market share.”
In 2012, Gateway hired more than 100 mortgage professionals ranging from local mortgage consultants, operational support staff and executive leaders. In 2013, the company plans on expanding its retail footprint beyond the 23 states and 42 branches where it currently conducts business, and believes great opportunity remains with consumers who are seeking mortgage solutions from companies other than large national or regional banks.
In addition to the growth from Gateway’s retail sector, the company launched a correspondent lending division in 2012 that provided a significant lift in overall volume for 2012.
“The recent operational enhancements afford us a great deal of scalability,” added Stitt, “and with the addition of many seasoned senior-level executives, we can continue to deploy strategic and tactical initiatives that will better equip our mortgage professionals to meet the home lending needs of our customers.”
About Gateway Mortgage Group
Founded in 2000, Tulsa, Okla.-based Gateway Mortgage Group LLC is a complete end-to-end mortgage banking firm that specializes in originations, subservicing and correspondent lending. The company services more than $2.5 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com.