Guild Mortgage Co. boosted quarterly loan originations, expanded its servicing portfolio and increased its staffing. Further growth is likely with planned acquisitions.
Home loan production during the three months ended Sept. 30 at the San Diego-based company was 9,738 mortgages for $2.065 billion.
The numbers, as well as other operational data, were provided as part of the Mortgage Daily Third Quarter 2014 Mortgage Origination Survey.
New business improved from the prior three-month period, when 9,229 loans were closed for $1.922 billion.
In contrast to most lenders, Guild increased production from the third-quarter 2013 — when it funded $1.771 billion.
Originations during the first nine months of this year added up to 25,037 loans for $5.212 billion.
Included in third-quarter 2014 volume was $1.809 billion in retail production, $0.020 billion in wholesale originations and $0.236 billion in correspondent acquisitions.
Guild serviced 90,744 mortgages for $15.848 billion as of Sept. 30.
The servicing portfolio increased from 86,516 loans for $15.047 billion three months earlier and $12.980 billion a year earlier.
The most recent total reflected $15.114 billion in third-party servicing and $0.735 billion in owned loans.
The mortgage banking firm employed 1,938 people, more than the 1,915 employees in the second quarter and 1,857 in staffing as of the third-quarter 2013.
Two upcoming acquisitions by Guild are likely to add around $1.4 billion to annual production and more than 300 loan originators to headcount.
