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Gateway funds $1.8B in mortgage loans.

Byline: Journal Record Staff

JENKS Gateway Mortgage Group funded $1.8 billion in mortgage loans during the third quarter, up 15.1 percent from $1.5 billion during the third quarter of 2017.

During the first nine months of 2018, Jenks-based Gateway funded $4.3 billion in mortgage loan volume, up from $4.2 billion for the same period last year.

Gateway's servicing portfolio increased to $18.3 billion at the end of the third quarter from $17.1 billion at the end of the second quarter. Gateway services 106,672 mortgage loans.

Gateway opened 12 new offices in eight states in the third quarter and 35 new offices in the first nine months of 2018. The company added 161 new jobs in the third quarter and had 1,225 employees.

Gateway is licensed in 40 states and the District of Columbia and operates more than 170 retail branches across the country.

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Publication:Journal Record (Oklahoma City, OK)
Date:Oct 30, 2018
Words:160
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