Quarterly originations slowed at Guild Mortgage Co. , though year-to-date volume ascended to an all-time high. The servicing portfolio reached a new record, and staffing hasn’t changed much over the past year.
The San Diego-based company reported that it serviced roughly 217,146 residential loans with a collective unpaid principal balance of $44.86 billion as of Sept. 30.
That turned out to be the biggest mortgage servicing portfolio ever for Guild since its inception in 1960.
Mortgage originations came in at $4.41 billion during the quarter ended Sept. 30. Business retreated from 20,733 loans funded for $4.875 billion during the second quarter. But production was better than 18,797 loans closed for $4.398 billion during the third-quarter 2017.
Third-quarter 2018 refinance share was only
So far this year, residential originations worked out to $12.75 billion — an all-time record
for the first-nine months of a year.
Headcount exceeded 4,000, down from 4,377 previously reported for mid-year 2018. But human resources exceeded the same date last year,
when 3,937 people were on the payroll.
Guild reported 344 branches and satellite offices.