Guild Production, Servicing and Staffing Up Again

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MORTGAGE EXPERT
2 · 06 · 15

Guild Mortgage Co. had already lifted originations two consecutive quarters, and the fourth quarter was no different. As well, servicing and staffing have improved each quarter since mid-2013.

In the three-month period ended Dec. 31, 2014, Guild closed 9,927 residential home loans at $2.167 billion.

Contributing to this total were $1.927 billion in retail originations, $0.016 billion in wholesale production and nearly quarter of a billion dollars in correspondent acquisitions.

All numbers were reported in the Mortgage Daily 2014 Mortgage Origination Survey.

Compared to the third quarter 2014, Guild’s most recent three-month period yielded $0.103 billion more in originations.

In fact, since Guild
reported its first-quarter 2014 quarterly originations, each subsequent quarter’s loan volume has moved ahead of the prior time period.

From Oct. 1 to Dec. 31 in 2013, the San Diego, Calif.-based company produced $1.442 billion in residential home loans.

Guild’s recent origination volume brought its four-quarter 2014 production total to 34,964 loans for $7.379 billion — 6  percent higher than the four quarters comprising 2013.

The lender’s servicing portfolio contained 94,888 loans for $16.641 billion when December 2014 ended.

The 90,581 third-party serviced loans at $15.739 billion comprised the bulk of Guild’s servicing portfolio, while the remaining 4,307 loans at $0.903 billion were in its investment portfolio.

As of Sept. 30, 2014, the mortgage banker maintained a $15.848 billion servicing portfolio.

The company, which opened its most recent branch in Healdsburg, Calif. last month, had a $13.631 billion servicing portfolio when 2013 ended.

When December 2014’s last day completed, Guild accounted for 2,313 employees, which was 375 more than the prior quarter and 434 more than the fourth quarter ending the prior year.

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Mortgage Daily Staff

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