JENKS, Okla.--(BUSINESS WIRE)--With interest rates low, many homeowners are interested in refinancing. For Gateway First Bank, that meant another record production volume for the month of August, surpassing $817 million in residential mortgage loans. This represents more than a 6% growth rate from July to August. Gateway First Bank is one of the top banks in the State of Oklahoma and one of the largest mortgage operations in the United States.
The loan production numbers for August are historic and continue the Gateway First trend of record-breaking months, including July of 2019, which totaled more than $767 million. This year, Gateway First has already originated more than $4.6 billion in mortgage loans through August, putting the company on pace to substantially increase from the 2018 total production number of more than $6.1 billion that was a record-breaking year. Gateway First expects annual loan volume in 2019 to exceed $7 billion, making it historic for the company.
“We expect 2019 to be another record-breaking year despite a very challenging and ever-changing economic landscape,” said Stephen Curry, Chairman and CEO at Gateway First. “Gateway is outperforming our competition, delivering for our clients, on time every time, even at a time of record production. In times like this, a strong culture like ours really delivers for both employees and clients. The deep bench of talent at Gateway, coupled with a tradition of working hard for our clients, ensures superior results.”
About Gateway First Bank
Gateway First is one of the largest banks in Oklahoma and offers a full suite of banking services. Founded in 2000 and headquartered in Jenks, Okla., Gateway First 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 First, visit https://www.gatewayfirst.com/. Member FDIC, Equal Housing Lender (NMLS 7233)