Staffing, Servicing Expand at Guild Mortgage

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MORTGAGE EXPERT
4 · 27 · 18

In addition to increasing the size of its loan servicing portfolio, Guild Mortgage Co. grew its payroll thanks to an acquisition. Originations were off from the prior quarter.

Guild serviced 196,806 single-family loans with an aggregate unpaid principal balance of $40.016 billion as of March 31, according to data submitted as part of the Mortgage Daily First Quarter 2018 Mortgage Origination Survey.

The San Diego-based mortgage banking firm’s servicing portfolio grew from
190,672 loans for $38.55 billion three months earlier. A year earlier, the total was 162,168 loans for $31.598 billion.

The latest total included $39.139 billion in loans serviced for agencies and other third parties.

Residential loan originations during the first-three months of this year came to 14,513 loans for $3.465 billion. Business
slowed from 17,562 loans for $4.162 billion in the fourth-quarter 2017. The quarter-over-quarter drop has been typical among companies that have reported operational data so far this quarter.

But production
was better than 13,572 loans for $3.046 billion in the first quarter 2017.

Retail originations accounted for $3.291 billion of the first-quarter 2018 numbers, while $0.174 billion came from correspondent acquisitions.

Staffing concluded last month at 4,216 full-time employees, growing from 3,997 at the end of last year. The increase reflects the acquisition of Cornerstone Mortgage Inc.

Headcount was 3,772 at the same point last year.

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Mortgage Daily Staff

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