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Kevin Stitt is an American businessman and politician from Tulsa, Oklahoma. He is the founder and Chairman of Gateway Mortgage Group and the Republican nominee for the Oklahoma gubernatorial election of 2018. The company has been cited in news reports for not disclosing information to regulators and was sued for sexual harassment while Stitt was CEO.
Oklahoma gubernatorial candidacyEdit
In July 2017, Stitt announced his candidacy for the Republican nomination for the gubernatorial election of Oklahoma. He ran against nine other candidates, then competed with Mick Cornett in a runoff election to win the nomination. Stitt is running against Democrat Drew Edmondson and Libertarian Chris Powell (Politician) in the general election in November 2018. Stitt was endorsed by United States Senator Ted Cruz and former senators Rick Santorum and Tom Coburn. He was also endorsed by the current governor of Oklahoma, Mary Fallin, and the current president of the United States. His opponent in the election, Drew Edmondson, is the former Attorney General of Oklahoma and was a candidate for governor in 2010
Stitt worked in the financial services sector before starting Gateway in 2000. According to a profile done on Stitt by Bloomberg News, he founded the company and was President/CEO until January 2014 when he became Chairman/CEO. In August 2018 he dropped the CEO title when Stephen Curry became CEO, while Stitt remained as Chairman. Gateway is a mid-sized company based in Jenks, Oklahoma which employs more than 1,100 people. The firm originates mortgages in 40 states.
Controversies as CEO of GatewayEdit
In 2009, the mortgage company was listed on Business Insider's shadiest 15 companies list. According to NEWS9, Oklahoma, the Business Insider article cited the company as originating nearly twice as many bad mortgages as its competitors. NEWS9 also said that according to Georgia's Department of Banking and Finance, Stitt was banned for 5 years and the company was banned for life from origination mortgages in Georgia.
In 2011, a female employee at Gateway in Tulsa sued the company after being called back from maternity leave and then let go and replaced by a younger man. Although Stitt wasn't sued personally, the woman called out Stitt personally saying that he yelled at her at least once. In another suit in Missouri, an employee cited a sexually hostile workplace and claimed that she was fired and a younger, less qualified man replaced her. Both cases were settled out of court.
During the gubernatorial campaign, Oklahoma Watch reported that Gateway had failed to notify Wisconsin regulators about previous issues the firm had with regulators from other states.
Personal and familyEdit
Stitt grew up in Norman, Oklahoma. He attended Oklahoma State University where he received a degree in accounting. He and his wife, Sarah, have been married for 19 years and have six children. Stitt and his wife, Sarah, are active in their church in Tulsa, Woodlake Church.
- "You Decide 2018: Kevin Stitt wins Oklahoma gubernatorial GOP runoff race". 2018-08-29.
- "Kevin Stitt".
- "Senator Ted Cruz endorses Kevin Stitt for governor". 22 August 2018. Retrieved 22 August 2018.
- "Rick Santorum Endorsement". 6 August 2018. Retrieved 17 August 2018.
- "Tom Coburn endorses Stitt for governor". 21 August 2018. Retrieved 22 August 2018.
- "Trump endorses Kevin Stitt in Oklahoma governor's race". 2018-08-30.
- Denwalt, Dale (May 1, 2017). "Drew Edmondson announces run for Oklahoma governor". The Oklahoman. Retrieved May 1, 2017.
- "Bloomberg - Are you a robot?".
- KWTV/News 9, Oklahoma, June 19th 2018, http://www.news9.com/story/38458020/truth-test-kevin-stitts-business-record
- "Stitt's Mortgage Firm Failed to Tell Regulators of Past Problems".
- "Kevin Stitt: Republican". 2018-05-31.