Mortgage Daily Logo
mortgage news from industry experts

Growth Drives Hirings at Gateway Mortgage Group

Continued growth is being cited by Gateway Mortgage Group LLC for a recruiting campaign to add a hundred employees to its network of mortgage locations.

The Jenks, Oklahoma-based mortgage banking firm originated $5.50 billion last year, up from $4.9 billion in 2016. In fact, production has risen each year since at least 2009.

This year is on track to exceed 2017, while Gateway projects that annual home-lending volume will exceed $8 billion during all of 2019.

The mortgage servicing portfolio has expanded to $17 billion from $15 billion at the end of last year.

To support the ongoing growth, Gateway announced accelerated recruiting efforts across the country. While new hires will be sought for its 170 offices in 40 states, Gateway Mortgage Group Vice President Marketing Rob Rothrock said in a telephone interview that the company is open to exploring new markets.

The hirings are expected to be complete by the end of 2018, according to Rothrock. Staffing currently exceeds 1,200 employees.

Gateway was founded in 2000 by Kevin Stitt. In August, the company announced that Stephen Curry would take over the role of chief executive officer from Stitt. The move was made as Stitt pursues his campaign for Oklahoma governor. He won the Republican gubernatorial primary in an August runoff election.

Stitt Family Trusts, Gateway’s owners, announced in August an agreement to acquire more than 85 percent of Farmers Exchange Bank. After the deal closes, Gateway will be merged into the bank,

“Our firm offers a great work environment, empowering lending solutions, and unlike many firms, we are well capitalized and have a long history of profitability,” Curry said in yesterday’s announcement. “We are pursuing talented individuals to join our team who will benefit from our future expansion plans.”

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts