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.”
