The company experienced record growth and added more than 160 jobs in Q3
Gateway Mortgage experienced record growth and added 161 jobs in the third quarter, the company has announced.
Gateway funded $1.768 billion in mortgage loans in the third quarter, compared to $1.536 billion during the same period in 2017, a 15.1% year-over-year increase. Since the beginning of 2018, Gateway has funded $4.25 billion in loan volume, up from $4.195 billion during the same period last year. The company’s servicing portfolio has grown from $17.1 billion at the end of Q2 to $18.3 billion, and now services a total of 106,672 mortgage loans. Gateway also opened 12 new offices in eight states in Q3, for a total of 35 new offices so far in 2018.
The company also bucked the recent trend of industry job cuts, adding 161 new jobs this quarter for a total of 309 so far this year.
“The momentum we have achieved over the past year is due to the have achieved over the past year is due to the depth of talent in our team, their relationships in local markets, and our commitment to the families and customers we serve,” said Gateway CEO Stephen Curry. “While we expect 2018 will be another record year, our sights are keenly focused on a successful 2019 and beyond.”
