Mortgage Daily Logo
mortgage news from industry experts

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.

Popular posts

How Long Does It Take to Refinance a Mortgage
How Long Does It Take to Refinance a Mortgage

So, you’re interested in refinancing your mortgage. Maybe you want some extra capital to do that home project you’ve always dreamed of, interest rates are nearing record lows, or you want to start consolidating debt. Regardless of the motivation behind the refinance,...

How Does Refinancing a Mortgage Work
How Does Refinancing a Mortgage Work

A home purchase is considered an investment, and a robust one at that. Savvy owners are constantly looking for new ways to reduce debt, save money, pay less in interest, and ultimately build equity. Refinancing is one way to leverage your investment and do just that....

What Does It Mean to Refinance Your Home
What Does It Mean to Refinance Your Home

You can think of refinancing your mortgage as a debt redo. Essentially, you’ll swap out the existing loan for a new one - ideally with better terms and conditions. Only this time it could help you save money on high mortgage payments, rather than just borrow it....

Setting up the Utilities in My New House
Setting up the Utilities in My New House

All the tedious, time-consuming home closing documents have been signed, sealed, and delivered. Your belongings are packed into what seems like a million boxes and you have a solid plan to haul all your existing furniture to the new place. Just as your boxes and...

When Is My First Mortgage Payment Due?
When Is My First Mortgage Payment Due?

Navigating your way through a brand new mortgage loan can be a difficult task, especially for first time homeowners. After handing over a large sum of money for the down payment and closing costs, it’s important to pay attention to the timing of your first mortgage...


Don’t worry, we don’t spam

calculate your monthly mortgage payment

Related Topics

Helpful Links

Daily mortgage rate trends

Best mortgage lenders

First-time homebuyers programs by state

Loan limits by state

Types of mortgages

APR vs interest rate

Understanding PMI

Related Posts