STURGIS, S.D.–(BUSINESS WIRE)–Gateway Mortgage Group, a division of Gateway First Bank, announced it has opened a new mortgage center in South Dakota to meet increased demand from local communities for home financing. The new opening in Sturgis, brings Gateway’s footprint to three centers in the state of South Dakota and more than 150 mortgage centers across the United States. Gateway also has mortgage centers in Rapid City and Spearfish.
“Gateway is excited to expand our market by opening our third location in Western South Dakota,” said Lorre Buhler, Mortgage Sales Manager. “Our strong South Dakota team is excited to help our local communities and be a stronger part of the Sturgis, SD economy,” said Amber Dodson, Co-Mortgage Sales Manager.
With an increased number of homeowners refinancing and taking advantage of lower interest rates, the South Dakota housing market is thriving. “Gateway continues to grow to meet the increasing demand for mortgage services,” said Scott Gesell, CEO of Gateway. “We are committed to the families and communities we serve. Our momentum is a testament to our team members’ persistent focus on the customer.”
Gateway has seen record-breaking volume since 2019 and funded over $1 billion in residential mortgage loans in April, May, and June 2020. Hitting a new record high of $1 billion in a month for funding came just after the company celebrated the 20th anniversary, in the height of the COVID-19 pandemic. Gateway has originated more than $5.3 billion in mortgage loans year-to-date through June, putting the company on track to potentially surpass its record-breaking year of $7.7 billion funded loans in 2019.
About Gateway First Bank
Gateway First Bank is a leading financial institution that provides banking and mortgage services for consumers and commercial customers. Headquartered in Jenks, Oklahoma, Gateway is a $1.7 billion asset sized 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, 150 mortgage centers in 40 states, and over 1,300 employees. Learn more at www.GatewayFirst.com. Member FDIC, Equal Housing Lender (NMLS 7233).