Servicing, Staffing Expand at Guild Mortgage

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MORTGAGE EXPERT
4 · 24 · 17

Although home lending slowed at Guild Mortgage Co., the size of the servicing portfolio and payroll were up from the prior quarter and a year prior.

As of March 31, 2017, the San Diego-based organization serviced 162,168 residential loans with a collective unpaid principal balance of $31.598 billion.

Those details, along with other operational metrics, were provided as part of the
Mortgage Daily First Quarter 2017 Mortgage Origination Survey.

Guild’s servicing portfolio
grew from 155,129 loans serviced for $29.989 billion as of year-end 2016. It was also larger than 127,550 loans for $25.539 billion as of the same date last year.

Last month’s portfolio included $0.873 billion in mortgages owned by the company and $30.726 billion in loans serviced for third parties.

Guild originated 13,572 loans for $3.046 billion during the most-recent three-month period.

Business tumbled from 19,106 loans closed for $4.353 billion during the fourth-quarter 2016. But an improvement was reported from the first-quarter 2016, when 11,855 loans were funded for $2.703 billion.

First-quarter 2017 volume included $2.879 billion in retail lending and $0.167 billion in correspondent acquisitions.

Staffing concluded last month at 3,772 employees.
Headcount increased from 3,606 people as of Dec. 31, 2016, and 2,784 employees as of March 31, 2016.

Mortgage Expert

Mortgage Daily Staff

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