SPANISH FORK, Utah–(BUSINESS WIRE)–Gateway Mortgage Group, a division of Gateway First Bank, announced it has opened a new mortgage center in Utah to meet increased demand from local communities for home financing. The new opening in Spanish Fork brings Gateway’s footprint to four centers in the state of Utah and more than 150 mortgage centers across the United States. Gateway also has mortgage centers in Farmington, Orem and West Jordan.
“Gateway is excited to expand our mark in Utah, and we look forward to having a physical location to help service the growth of Utah County and its surrounding areas,” said Gregg Driggs, Mortgage Sales Manager. “As a team we will not only succeed but will serve to lift each other to bring value to our clients as well as our referral partners and serve the local communities.”
With an increased number of homeowners refinancing and taking advantage of lower interest rates, the Utah housing market is booming. “Gateway continues to grow and expand its footprint 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 connecting with people to positively impact their lives.”
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).