Gateway Mortgage Group, a full-service mortgage company licensed in 40 states and the District of Columbia, announced today Steven Patrick as its new Chief Risk Officer. In this role, Patrick will provide executive oversight to the company’s Credit and Risk management teams. His responsibilities will span all efforts in enterprise risk management, compliance and quantitative analytics.
“Steve has a tremendous amount of experience in mortgage finance, credit and risk arena,” said Stephen Curry, CEO of Gateway. “He brings a deep understanding of enterprise-level risk management to this role and understands its importance to a company’s overall health and growth. We are happy to welcome Steve into the Gateway family and we know he will be a valuable addition to the executive leadership team.”
Most recently, Patrick was Managing Director with Everett Advisory Partners where he counseled clients on implementing risk-reducing strategies, capital raises and solutions to complex funding problems. Prior to Everett Advisory Partners, he held many different roles with Federal Home Loan Bank of Chicago. Patrick was involved in a variety of initiatives where he developed strategies to mitigate risk while building the mortgage program, which purchased mortgage loans in secondary markets; he also advised banks on liquidity strategies. He has worked extensively in the financial services industry since 1987, starting at Merrill Lynch before moving to Bank of America. He is a graduate of Carleton College and received his MBA from The University of Chicago Booth School of Business.
“I am grateful for the opportunity to work for such a great company,” said Patrick. “The team members have made the transition easy, and I look forward to being a part of the very bright future at Gateway.”
In the last ten years, Gateway Mortgage Group has been recognized twenty-three times as an industry leader including seven times by Inc. Magazine as one of the country’s fastest-growing privately held companies and six times by Mortgage Executive Magazine as a “Top 100 Mortgage Company.” Currently, the company is on track to originate over $6 billion in mortgage loans while the servicing portfolio will surpass $20 billion and 110,000 customers this year.
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at firstname.lastname@example.org.