Gateway Opens South Dakota, Utah Offices – NMP Skip to main content

Gateway Opens South Dakota, Utah Offices

Jul 31, 2020
Gateway_Mortgage_Logo
Senior Editor

Gateway Mortgage Group, a division of Gateway First Bank, announced it has opened a new mortgage center in Sturgis, South Dakota, and Spanish Fork, Utah, to meet increased demand from local communities for home financing. With an increased number of homeowners refinancing and taking advantage of lower interest rates, the South Dakota and Utah housing markets are booming. The new openings bring Gateway’s footprint to more than 150 mortgage centers across the United States.
 
“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 funded over $1 billion in residential mortgage loans in April, May, and June 2020. Year-to-date through June, the company has originated more than $5.3 billion in mortgage loans, putting the company on track to potentially surpass its record-breaking year of $7.7 billion funded loans in 2019.
About the author
Senior Editor
Keith Griffin is a senior editor at NMP.
Published
Jul 31, 2020
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

MPF Expands Eligibility For Manufactured And Renovation Loans

The Mortgage Partnership Finance Program has expanded MPF Traditional eligibility for affordable loans, manufactured homes, renovations, and lender-funded assistance

Sep 22, 2026
Fed Hike Raises HELOC Costs While Mortgage Rates Stay Near 7%

Prime rose to 7% while the 10-year Treasury remained near 5%, giving originators two different borrower conversations

Sep 17, 2026