Guild Mortgage Reports Solid Gains

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MORTGAGE EXPERT
7 · 20 · 15

Loan originations at Guild Mortgage Co. were up by more than a third on a quarter-over-quarter basis. Meanwhile, both the servicing portfolio and the payroll expanded.

From April 1 through June 30, Guild Mortgage closed 16,687
home loans for $3.827 billion.

The numbers were disclosed as part of the San Diego-based company’s participation in the Mortgage Daily Second Quarter 2015 Mortgage Origination Survey.

New business improved from the first quarter, when 12,334 loans were originated for $2.850 billion.

In the second-quarter 2014, production totaled 10,919 loans for $3.180 billion.

During the first half of this year, 29,021 loans were funded for $6.676 billion.

Retail originations accounted for $3.223 billion of second-quarter 2015 business, while wholesale production was $0.018 billion and correspondent acquisitions were $0.586 billion.

Guild Mortgage serviced 106,282 loans for $18.939 billion as of mid-year.

The servicing portfolio
expanded from 99,065 mortgages for $17.463 billion as of March 31, 2015, and 86,516 loans for $15.047 billion as of mid-year 2014.

Staffing at Guild Mortgage finished last month at 2,553 people.

The number of employees increased from 2,345 three months earlier and 2,500 one year earlier.

Author

Mortgage Daily Staff

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