Gateway was founded in 2000 by J. Kevin Stitt, who didn’t have much more to start with than $1,000, a computer, and lofty dreams about what a mortgage company could be. Kevin began his career in the mortgage industry, and his vision to help families and communities grow stronger through home ownership drove his decision to start a different kind of mortgage company, Gateway.
Gateway’s first challenge would be to get approval as a Federal Housing Administration Lender. Gateway needed a net worth of $50,000 to qualify, so Kevin put together the money and received the FHA approval in 2000. By 2002, Gateway expanded its footprint beyond Oklahoma. Gateway continued to grow and gain momentum, and by the end of 2006 had over 400 employees.
The mortgage crisis of 2007 shook the industry to its core. Mortgage companies imploded left and right, but Gateway weathered the storm by hiring more talent and expanding its capabilities. The same year, Gateway obtained approval from Ginnie Mae and Fannie Mae to begin servicing mortgage loans and issuing securities.
These strategic moves paid off. Gateway is now one of the country’s top mortgage companies, with over 1,200 team members serving more than 150 communities nationwide. Gateway has been recognized 25 times by various publications for its growth and corporate culture. In 2017, Gateway helped more than 100,000 customers receive a better class of mortgage services.