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Annual Originations, Staffing and Servicing Up at Guild

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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