Mortgage | Gateway Mortgage Group Experiences Record Loan Volume In 2011

February 9, 2012 – 6:29 am

TULSA, Okla.–(BUSINESS WIRE)–

Gateway Mortgage Group , a privately held mortgage company providing conventional, FHA and VA loans through 50 retail branches nationwide, announced that the company saw record growth in 2011 with a nearly 34 percent increase in volume over 2010.

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Gateway originated more than $672 million in mortgage loan volume in 2011 and experienced its best month in the company’s history in December with $78.2 million in originations. September and October closely followed as the second and third highest volume months ever. In addition, Gateway opened 23 new branches across the country and made its first expansion into New Mexico. Through the branch expansion Gateway added 94 loan officers, as well as a number of additions to its loss mitigation staff.

“The Gateway team successfully made 2011 a year of expansion despite harsh market conditions,” said Kevin Stitt , president of Gateway. “By bringing on the best and brightest talent through retail branch expansion, we truly defied the odds as a lender.”

In addition to its origination business, Gateway’s servicing portfolio surpassed $1.3 billion in 2011. The company also laid the groundwork for its specialty subservicing unit. The operation, launched in January

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