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Guild Mortgage Reports Solid Gains

Loan originations at Guild Mortgage Co. were up by more than a third on a quarter-over-quarter basis. Meanwhile, both the servicing portfolio and the payroll expanded.

From April 1 through June 30, Guild Mortgage closed 16,687
home loans for $3.827 billion.

The numbers were disclosed as part of the San Diego-based company’s participation in the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.

New business improved from the first quarter, when 12,334 loans were originated for $2.850 billion.

In the second-quarter 2014, production totaled 10,919 loans for $3.180 billion.

During the first half of this year, 29,021 loans were funded for $6.676 billion.

Retail originations accounted for $3.223 billion of second-quarter 2015 business, while wholesale production was $0.018 billion and correspondent acquisitions were $0.586 billion.

Guild Mortgage serviced 106,282 loans for $18.939 billion as of mid-year.

The servicing portfolio
expanded from 99,065 mortgages for $17.463 billion as of March 31, 2015, and 86,516 loans for $15.047 billion as of mid-year 2014.

Staffing at Guild Mortgage finished last month at 2,553 people.

The number of employees increased from 2,345 three months earlier and 2,500 one year earlier.

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