Guild Mortgage Fundings Fall, Servicing Grows

written by
4 · 26 · 16

Even though home-loan production was down on a quarter-over-quarter basis at Guild Mortgage Co., the lender’s residential loan servicing portfolio continued to expand.

During the first-three months of this year, mortgage originations totaled
11,855 loans for $2.703 billion.

The San Diego-based firm disclosed the data, in addition to other operational metrics, as part of the Mortgage Daily First Quarter 2016 Mortgage Origination Survey.

Business slowed from 13,887 loans funded for $3.171 billion during the three months ended Dec. 31, 2015.

Activity also eased compared to the first-quarter 2015, when there were 12,334 loans closed for $2.850 billion.

First-quarter 2016 production included $2.536 billion in retail originations and $0.167 billion in correspondent acquisitions.

Guild serviced 127,550 home loans for $25.539 billion as of the end of last month.

The servicing portfolio
expanded from 121,926 loans serviced for $22.300 billion as of Dec. 31, 2015, and 99,065 mortgages for $17.463 billion as of March 31, 2015.

The March 31, 2016, servicing portfolio included $22.156 billion serviced for third parties.

Headcount closed out the first-quarter 2016 at 2,784 people.

stood at 2,345 employees as of the same date last year.


Mortgage Daily Staff


Consectetur adipiscing elit dapibus, vulputate in donec tempor ultricies venenatis erat, aliquam posuere urna habitant.