Bartlesville Radio » News » Arvest Bank sets mortgage production record in 2021

Arvest Bank announces that its mortgage division recorded record volume in 2021, the third consecutive year it has set a new record.

Arvest’s total mortgage volume in 2021 of over $4.77 billion eclipses the previous record of $4.68 billion set in 2020. Additionally, Arvest posted a record of over $1.83 billion dollars in purchase loans – loans used to buy a home, as opposed to refinances. Purchase volume has increased year on year for seven consecutive years.

The steady growth in mortgage volume has been accompanied by the bank’s commitment and investment in digital tools that are transforming the mortgage lending process, in particular the steady growth in adoption of its Home4Me mobile app.

“Continued adoption of our digital tools, low rates and exceptional support from our mortgage associates and business partners have enabled us to help over 21,000 clients in 2021 and helping this number of families and individuals is extremely rewarding. “said Matt Kendall, president and CEO of the mortgage division. noted. “It is also worth noting how we have adopted changes such as the ability for customers to sign documents remotely in order to maintain our level of service in difficult circumstances.

“Driving change and embracing innovation remain important to us as we strive to serve customers more effectively and in the way they prefer and expect. We believe our revamped Home4Me app is another tool that will help us build momentum and deliver solutions to our customers throughout 2022 and beyond.

In Bartlesville, Arvest made 284 total loans totaling $56,054,798 in 2021.

“It is a pleasure for us to help so many people with their mortgage needs. With Arvest Bank’s tools and resources combined with the quality care of our local team, we are able to provide exceptional service to our clients,” said Sonya Reed, Head of Mortgages and Private Banking for Arvest in Bartlesville. “We understand the challenges many new home buyers face and are committed to helping find financial solutions.”

Arvest is unique among most local lenders in that they service 99% of their mortgages, which means customers make their payments to Arvest and work directly with Arvest for all needs after their loan closes. Arvest currently manages over 270,000 mortgages, totaling over $53 billion.

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