Guild Sees Healthy Year-Over-Year Performance

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MORTGAGE EXPERT
7 · 31 · 14

Compared to a year earlier, Guild Mortgage Co. turned in strong origination performance relative to its peers. Meanwhile servicing and staffing grew.

When the second quarter ended, Guild accounted for 9,229 residential loans closed for $1.922 billion in Mortgage Daily’s Second Quarter 2014 Mortgage Origination Survey.

This 57 percent growth over first-quarter fundings was more than twice as good as the industry as a whole and brought Guild’s year-to-date originations to 15,299 mortgages for $3.146 billion.

Though the latest loan activity finished $0.123 billion lower than the second-quarter 2013, this 6 percent decrease was one of the lowest reported to date among all lenders tracked by Mortgage Daily.

The San Diego-based lender’s retail business comprised the bulk of second-quarter 2014 originations at $1.730 billion. Wholesale lending contributed just $0.025 billion to Guild’s overall production total, and the correspondent channel generated $0.166 billion in new loans.

Guild, which recently opened two new branches, serviced 86,516 loans for $15.047 billion as of the second-quarter’s completion.

This balance indicated less than three-quarters of a billion dollars of the servicing portfolio was in Guild’s investment portfolio. The other $14.352 billion came from third-party servicing.

The recent total servicing portfolio grew from the end of the last quarter, when Guild listed it at $14.132 billion.

Guild’s servicing portfolio was $2.851 billion higher than when June culminated last year.

In staffing, Guild had 37 more people on its payroll as of June 30 than the 1,878 folks accounted for when March completed.

Headcount improved over the 1,807 employees reported last year.

Mortgage Expert

Mortgage Daily Staff

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