Arvest Bank yesterday announced its mortgage division passed $2 billion in volume for the fourth consecutive year. Officials say it’s the earliest in a calendar year the Bentonville, Arkansas-based bank has met the benchmark.
Arvest’s total mortgage loan volume of over $2 billion through May 26 represents a year-over-year increase of more than 29%, according to a news release.
“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, in the release.
In Springfield, Arvest made 360 loans totaling $65.9 million through May 26.
Across its multistate footprint, Arvest services more than 320,000 mortgage loans totaling more than $62 billion.
A project that is now hitting its stride on the west side of Bolivar includes a retail strip and storage units.