JENKS, Okla.--(BUSINESS WIRE)--Gateway Mortgage Group, LLC, a privately held mortgage company offering originations, servicing and correspondent lending, announced that it now serves more than 100,000 customers across the nation. With this growth, Gateway’s servicing portfolio experienced a 32 percent year-over-year growth rate accumulating to more than $16.6 billion at the end of May. Despite lower loan origination volumes across the entire industry, the company’s loan volume grew to more than $2.4 billion for the same period ending May 31, indicating a 16 percent year-over-year growth rate.
Over the past year, Gateway has opened multiple new branches, extending its footprint to include cities such as Las Vegas and Sequim, Wash. The company also became licensed in Idaho, Nevada and North Dakota.
“At Gateway, our commitment to the families and customers that we serve drives us to challenge ourselves,” said Kevin Stitt, CEO at Gateway. “As we continue to grow and expand, we focus on our core values and stay true to our roots—empowering the American dream of homeownership and giving back to our communities as well as those in need. We look forward to the future as we continue to partner with more customers and communities across the nation.”
In addition to the growth from Gateway’s retail sector, the company has received several recent accolades including being named to Scotsman Guide’s Top Mortgage Lenders list for 2017, where the company ranked eighth in correspondent volume, as well as being honored for the sixth time by Mortgage Executive Magazine as a ‘Top 100 Mortgage Company.’ Additionally, Gateway has been recognized 23 times as an industry leader over the past five years, and in 2017, the company was listed on Inc. Magazine’s Inc. 5000 list for the seventh time.
Gateway is licensed in 41 states and operates more than 160 retail locations across the country. The company is expected to provide mortgage services to approximately 150,000 customers this year, and its annual loan volume is forecasted to exceed $6 billion while the servicing portfolio will surpass $19 billion.
About Gateway Mortgage Group
Gateway is one of the largest privately held mortgage origination and servicing companies in the United States. Founded in 2000 and headquartered in Jenks, Oklahoma, the company employs more than 1,200 team members in 160+ offices nationwide and currently services over $16 billion in residential mortgages. For more information about Gateway, visit www.GatewayLoan.com. Gateway Mortgage Group, LLC (NMLS 7233).