JENKS, Okla – (BUSINESS WIRE) – Gateway First Bank, one of the largest Oklahoma-based banks and one of the largest mortgage banking operations in the United States, ended 2020 with a record residential mortgage production.
With an increased number of homeowners refinancing and taking advantage of lower interest rates, Gateway said it funded more than $ 1 billion per month in residential mortgages in six different months of 2020. In October 2020, Gateway set an all-time record for monthly financing volume of over $ 1.1 billion in loans in one month. Overall, Gateway funded more than $ 11.3 billion in mortgages in 2020, surpassing the previous year’s record of $ 7.7 billion in funded loans in 2019.
Gateway has coped with the COVID-19 crisis, running the business through challenges of working from home and closing the office. The company successfully transferred more than 1,400 team members to remote work in two weeks and maintained high-level production, helping more than 53,600 families achieve or maintain their dream of homeworking. property. Gateway also offers more than 85,000 mortgages.
“Gateway’s commitment to customers and team members has been our top priority,” said Scott Gesell, CEO of Gateway. “We have invested in talent and technology, improved operational rigor, focused on quality with a strong emphasis on our corporate culture. By putting people first, Gateway’s culture is strong and will continue to be the engine of its current and future success.
“Since the start of the pandemic in early 2019, we have faced unique new challenges. I am extremely proud of the way the team responded and continued to demonstrate a strong dedication to customer satisfaction. The record production we are experiencing in 2020 would not have been possible without the commitment to excellence. Throughout the growth and transition, the Gateway team has remained true to its core mission of strengthening families and communities, ”added Gesell.
Gateway also expanded its reach across the United States by opening 17 new mortgage centers, bringing the total number of centers to 163. Eight additional mortgage centers will open in the first quarter of 2021 to meet increased demand from local communities for real estate financing. Gateway has also expanded to two new states – Georgia and Wyoming – bringing the total footprint to 42 states and the District of Columbia. As part of ongoing efforts to actively reach undeserved markets, including low to moderate income communities, Gateway opened a new mortgage branch in North Tulsa in fall 2020.
In 2019, Gateway Mortgage merged with a 100-year-old community bank to become Gateway First Bank. Over the past year, deposits have increased significantly and several new retail and commercial banking products have been introduced to the market. A new flagship banking center opens in February 2021 on the Jenks corporate campus, bringing the number of banking centers to seven.
Gateway was named Top Workplace in 2020 for the eighth consecutive year by The Oklahoman newspaper.
About Gateway First Bank
Gateway First Bank is a leading financial institution providing banking and mortgage services to consumers and business customers. Based in Jenks, Oklahoma, Gateway is a $ 1.8 billion asset bank with a strong mortgage operation. Gateway is one of the largest banking and mortgage operations in the United States with six bank branches in Oklahoma, more than 160 mortgage centers in 42 states and nearly 1,600 employees. Learn more about www.GatewayFirst.com. FDIC Member, Equal Housing Lender (NMLS 7233)