WEST PLAINS, Mo. (June 17, 2021) – Arvest Bank announced today that its mortgage division has originated total volume of more than $2 billion for the fourth consecutive year, and at the earliest point in company history.
Arvest’s total mortgage loan volume of $2,004,333,592 through May 26 represents a year-over-year increase of more than 29 percent.
“Reaching $2 billion in originations this early in the year is remarkable, but the number we are most proud of is the more than 9,100 customers – the majority of which are families – we have been able to help,” said Matt Kendall, president and CEO of Arvest’s mortgage division. “We appreciate their trust in us and want them to know we are here to help regardless of what their needs may be down the road.
“The credit really goes to our wonderful team of associates. Their dedication, sacrifice and adaptability, even as we are enjoying some measure of a return to normalcy, has been absolutely admirable.”
In Springfield, Arvest made 360 total loans totaling $65,876,642 through May 26.
“It is an honor for us to be a part of this process with our customers and we appreciate the trust they put in our experience,” said Shane Cowger, sales manager for Arvest Bank in Springfield. “We take pride in providing people with the best mortgage options, from purchasing to refinancing a home, and meeting their needs through the end of that process and for any future mortgage endeavors.”
Arvest is unique among most local lenders in that it services 99 percent of its mortgage loans, meaning that customers make their payments to Arvest and work directly with Arvest for any needs after their loan closes. Arvest currently services more than 320,000 mortgage loans, totaling more than $62 billion.
About Arvest
Arvest Bank operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board and management team. These banks serve customers in more than 135 communities, with extended weekday banking hours at many locations. Arvest provides a wide range of banking services including loans, deposits, treasury management, credit cards, mortgage loans and mortgage servicing. Arvest also is one of a select few banks in the nation to have its mobile app – Arvest Go – certified by J.D. Power for providing an outstanding mobile banking experience. Arvest is an Equal Housing Lender and Member FDIC.
About Arvest Wealth Management
Arvest Wealth Management offers wealth management, trust services and insurance products. Investments and Insurance Products: Not FDIC Insured, May Lose Value and Not Guaranteed by the Bank. Trust services provided by Arvest Bank.
