JENKS, Okla., Jan. 23, 2019 – Gateway Mortgage Group, a full-service mortgage company licensed in 40 states and the District of Columbia, announced the company experienced record growth in 2018, ending the year strong and entering 2019 with momentum. This continued growth is a result of the company’s commitment to product development and key platforms that enhance the customer experience.
Last year, Gateway funded more than 29,000 loans for a total of $6.1 billion in mortgage loans which is up ten percent from $5.5 billion in 2017. Additionally, Gateway’s servicing portfolio has grown to $18.6 billion and the company now services a total of 107,282 individual mortgage loans.
Gateway continues to strategically and aggressively expand its footprint across the nation, despite being at a time when much of the mortgage industry is experiencing slowed or declining growth. While many of the nation’s lenders are announcing layoffs, Gateway opened a total of 40 new Mortgage Centers in 22 states last year and added over 341 Team Members, bringing its total to 1,169.
“The growth we experienced last year would not have been possible without our talented Team Members and leadership team and their unwavering commitment to the communities we serve,” said Stephen Curry, CEO at Gateway. “Gateway achieved great momentum in 2018, performed better than our competition and beat market averages, and I am excited to see what more we can accomplish in 2019.”
Curry added, “Gateway is passionate about strengthening families: the families that work here, the families that buy homes and the more than 100,000 families we service each day. Our core values are the foundation of our company culture, and the evidence is clear through the mortgage experience we offer our customers. While we are proud of our accomplishments, we are more dedicated than ever to further our commitment to be a leader in mortgage lending.”
Gateway has continued to gain market share and remains in the top tier of mortgage origination and servicing providers. The company’s delinquencies, defects and repurchases are among the lowest in the nation. Additionally, Gateway has been recognized twenty-three times in the last ten years as an industry leader including eight times by Inc. Magazine as one of the country’s fastest-growing privately held companies and six times by Mortgage Executive Magazine as a “Top 100 Mortgage Company.”
About Gateway Mortgage Group, LLC.
Gateway is one of the largest privately held mortgage origination and servicing companies in the United States. Established in 2000 and headquartered in Jenks, Oklahoma, the company employs more than 1,100 team members in over 160 offices nationwide and currently services $18 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com. Gateway Mortgage Group, LLC (NMLS 7233).