Mortgage Daily

Published On: January 13, 2014

Quarterly production slowed at Guild Mortgage Co. But annual activity was higher as the company grew the size of its staff and its servicing portfolio.

From Oct. 1 through Dec. 31, the San Diego-based organization reported that it funded 7,207 home loans for $1.442 billion.

Business slumped compared to the third quarter, when production was $1.771 billion.

In the same-three months period during 2012, volume totaled $1.985 billion.

For all of last year, mortgage production at Guild amounted to $6.968 billion — more than the $6 billion reported for 2012.

During the most recent quarter, $1.300 billion in production came from retail originators, $0.037 billion was originated through the wholesale division and $0.105 billion came from the correspondent channel.

The company’s mortgage servicing portfolio finished last year at 78,674 loans for $13.631 billion. Investment portfolio loans accounted for $0.444 billion and the rest was third-party servicing.

Guild serviced $12.980 billion three months earlier and $10.619 billion a year earlier.

As of Dec. 31, 2013, Guild’s staff stood at 1,879 employees.

Headcount increased from 1,857 people at the end of September and 1,657 at the end of 2012.

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