Ada, Okla., (May 16, 2019) – Gateway Mortgage Group, a division of Gateway First Bank, one of the ten largest banks by assets in the state of Oklahoma and one of the largest mortgage bank operations in the United States, presented a check to Folds of Honor for $8,000 today at The Veterans & Military appreciation day at Chickasaw Business & Conference Center. Krysten Isenhower, from Folds of Honor Oklahoma Chapter, and Junghyeon Southard, a higher education scholarship recipient, attended the ceremony and accepted the donation on behalf of the organization.
Gateway is committed to donating $5 for every mortgage loan closed through its retail locations. They currently operate more than 160 mortgage centers across the country. The company’s annual loan volume exceeded $6 billion in 2018, and its loan servicing portfolio eclipsed $18 billion.
“Our core purpose at Gateway is to strengthen families and communities and Folds of Honor meets that obligation head on,” said Mark Revard, regional vice president. “We are proud to stand with Folds of Honor as they support the families of our service men and women who have made the ultimate sacrifice while protecting our freedoms,” he added.
In 2018, Gateway funded more than $6.1 billion in residential mortgage loans while its servicing portfolio surpassed 100,000 customers and $18 billion. The company attributes its success to the hard work of its team members. In fact, Gateway has been recognized twenty-six times as an industry leader including receiving the prestigious Hall of Fame accolade in 2018 from Inc. Magazine as one of the country’s fastest-growing privately held companies for the eighth time.
About Folds of Honor
Folds of Honor is a 501(C)(3) nonprofit organization, rated a four-star charity by Charity Navigator and platinum on GuideStar, that provides educational scholarships to the families of military men and
women who have fallen or been disabled while on active duty in the United States armed forces. Our educational scholarships support private educational tuition and tutoring for children in grades K-12, as well as higher education tuition assistance for spouses and dependents. Founded in 2007 by Major Dan Rooney, a PGA Professional and F-16 fighter pilot in the Air Force Reserves who served three tours of duty in Iraq, the Folds of Honor is proud to have awarded nearly 20,000 scholarships in all 50 states and some US territories, including approximately 4,000 in 2018 alone. For more information or to donate in support of a Folds of Honor scholarship, please visit foldsofhonor.org.
Folds of Honor had more than 700 qualified applicants they were not able to award in 2018 totaling at least 3.5 million dollars in scholarship requests.
About Gateway First Bank
Gateway First Bank is one of the ten largest banks in Oklahoma and offers a full suite of banking services. Founded in 2000 and headquartered in Jenks, Oklahoma, Gateway has over 1,200 employees in five banking centers, over 160 mortgage centers nationwide and currently services $17 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com. Gateway First Bank. Member FDIC, Equal Housing Lender (NMLS 7233).