Arvest Mortgage Continues Record-Breaking Year with Hitting $2 Billion in New Loans

Thursday, October 18 at 03:40 PM
Category: Arvest News

Back in June, it was announced that Arvest had hit the $1 billion mark for the 10th year in a row for new mortgage loans.  It didn't slow down there, either.  Announced this week, Arvest Mortgage Company has reached $2 billion in new mortgage loans for the first time ever.  See the official release below for details about this exciting milestone.

Arvest Bank today announced that for the first time, Arvest Mortgage Company has originated more than $2 billion in new mortgage loans. When the $1 billion mark was achieved in June of this year, it was the earliest month the milestone was reached in 10 consecutive years. This also is the first time that Arvest Mortgage has reached the $2 billion mark, indicating growing strength in the housing market, a robust environment for refinancing, and an improving purchase-money market.
“At Arvest, our mission statement is ‘People helping people find financial solutions for life,’ and right now the record low rates are providing thousands of families in our communities an opportunity to improve their current mortgage rate, shorten their term, or buy their first home or next home. We are customer-focused and, by having over 150 mortgage lenders and a dedicated operations team situated throughout our footprint, we are there for our customers each day,” said Steven Plaisance, president and chief operating officer of Arvest Mortgage Company.

Record low rates have continued to spur refinancing throughout the mortgage industry, and a new, improved version of the government’s Home Affordable Refinance Program (HARP) has helped many people refinance who could not afford to in years past. The purchase-money market is also showing improvement. The industry continues to make corrections to ensure that there will be access to the long-term, fixed-rate mortgage money that mortgage companies have depended on for so many years.

Plaisance continued, “This milestone is exciting, and we look forward to working with all of our customers for years to come. At Arvest, we pride ourselves on being able to provide customers with service after the sale because we retain servicing on 99 percent of the loans we make. That means we maintain that close customer relationship after the loan closes, which allows us to help that customer again on a refinance or another home purchase.”

Tags: Arkansas, Home Loans, Kansas, Lending and Financing, Missouri, Mortgage, Oklahoma, Press Release
Jo Alvey on 10/24/2012 at 1:10 AM
If you all have reached the 1 billion mark for the 10th year Why are we not getting more interest on any accounts no perks at all no wonder you hit the mark you make it off your customers.
Arvest Blog Admin on 10/25/2012 at 3:08 PM
Jo - Thank you for your comment and question. Our mortgage area has grown significantly as more families in our markets have chosen Arvest Bank. We are very pleased and honored to be a part of helping these customers realize their dream of a new home. This business growth has also been a benefit to the bank, allowing us to continue to serve our customers with extended hours, new services and convenient locations. We thank all of our customers who have chosen Arvest as their home loan provider.

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