Gateway Mortgage Group Repositions Executive Leadership

TULSA, OK, January 21, 2014 – Gateway Mortgage Group, a privately held mortgage company offering originations, servicing and correspondent lending, announced Alan Ferree as its new President. Mr. Ferree has nearly three decades of experience in the mortgage banking industry, and will be assuming the position immediately.

Ferree joined Gateway in 2010 as Chief Financial Officer and has played an integral part in shaping the company’s operational structure and overall strategic plan. He started his career in public accounting and has held senior level positions responsible for managing all mortgage banking operations; including executive oversight of personnel, secondary marketing, quality control, financial reporting, asset management, mergers and acquisitions, and various other responsibilities.

Replacing Ferree as CFO is banking and mortgage veteran Patrick McGowan. Mr. McGowan’s career spans 17 years where he held senior level executive positions for Texas Capital Bank, Centex Home Equity Corporation, Highlands Bank and most recently he was EVP and CFO for Collin Bank.

“This is a phenomenal time in the life cycle of Gateway Mortgage Group,” said Kevin Stitt, CEO of Gateway. “Alan and Pat bring a wealth of expertise and experience to these key leadership roles that will further strengthen our capabilities both strategically and operationally.”

Since 2009, Gateway has increased its total loan volume by 318% and finished 2013 with over $1.7 billion in originations. The company conducts business across 23 states and plans to continue their emphasis on expanding their Mortgage Center and originator salesforce nationally.