Arvest again hits $1 billion mortgage mark
by October 5, 2011 5:04 pm 75 views
Bentonville-based Arvest Bank announced Wednesday (Oct. 5) that for the ninth consecutive year in a row, Arvest Mortgage Company has originated more than $1 billion in new mortgage loans.
“We have been fortunate to help a good number of people both buy homes and refinance homes at record low interest rates. The Fed’s emphasis on keeping mortgage rates low has helped trigger another mini-refinance boom. However, it is not all refinances, as we are seeing good purchase-money activity as well,” said Steven Plaisance, executive vice president and chief operation officer of Arvest Mortgage Company.
He continued, “Our mortgage hallmark is our commitment to retain servicing on loans – to keep them local for our customers. This allows our customers to work directly with us for any need related to their mortgage loan. Our company’s footprint is not immune to weather-related events, and we are able to respond quickly to help homeowners in times of need, from common events such hail or wind damage, to the devastating tragedy in Joplin.”
Arvest operates more than 240 bank branches in 90 communities in Arkansas, Missouri, Kansas and Oklahoma through a network of 16 regions, each with its own board of directors and management team.