Tag Archives: guild mortgage

Focus on homebuyers helps Guild swing to $97M 2024 profit

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At $24 billion, Guild’s 2024 mortgage production marked the San Diego-based lender’s biggest year since the pandemic-fueled refinancing boom. Continue reading →

Cash offer pioneer Evergreen Home Loans expands to Southeast

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Partnerships with real estate agents and builders laid the groundwork for the foray into Florida, Georgia, North Carolina, South Carolina and Tennessee led by former Guild Mortgage exec John Porath. Continue reading →

UHM revamps leadership team to support growing national footprint

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Ohio-based Union Home Mortgage boosted its market share by acquiring Amerifirst Home Mortgage. Now it’s got a new divisional leadership structure to support its “rapidly expanding, nationwide footprint.” Continue reading →

Guild Mortgage shrugs off 2023 loss as it pursues acquisitions

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The San Diego-based lender has completed five acquisitions in the past 18 months, unfazed by a 21 percent drop in mortgage originations and $39.1 million 2023 net loss. Continue reading →

Guild Mortgage set to acquire, rebrand Academy Mortgage

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Upwards of 1,000 Academy Mortgage employees will make the transition to Guild, including more than 600 originators, Guild said in announcing the sixth acquisition in three years. Continue reading →

First-timers ‘significantly’ less satisfied with mortgage lenders

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Homebuyers don’t just want good rates, they want lenders to solve problems that will keep them from getting to the closing table, J.D. Power finds. Continue reading →

Guild Mortgage eyes the Midwest with First Centennial acquisition

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The acquisition of the Aurora, Illinois-based, family-owned lender marks San Diego-based Guild Mortgage’s fourth expansion since December, according to an announcement on Monday. Continue reading →

Fairway loses 8 California branches to rival Guild Mortgage

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The defection of former Fairway division manager John Lowe and 40 colleagues who originated $350 million in loans last year “is equal to that of a mini acquisition.” Continue reading →

Guild’s McGarry will hand CEO reins to Terry Schmidt, her 1st hire

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Terry Schmidt was Mary Ann McGarry’s first hire at Guild in 1985, and the two led a 2007 management buyout of the company from founder Martin Gleich. Continue reading →

Mortgage lenders innovate to help homebuyers cope with higher rates

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Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down. Continue reading →