Gateway Mortgage Group, Tulsa, Okla., a mortgage banking and net branch operator, is having warehouse capacity problems. Company chief executive and president Kevin Stitt told MortgageWire that the lender has more business than it can fund right now, which is "a good problem," he said. However, it is reducing the number of originators it uses, eliminating less productive wholesale accounts because it cannot fund them all. Gateway is adding more lines, but even so, its capacity is still limited by the size of its balance sheet, he said. Mr. Stitt said Gateway is trying to be upfront with its employees. The company has 45 branches in the middle section of the country.
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