Guild Mortgage: A Giant In The Industry

Guild Mortgage is a growth-oriented, non-bank mortgage lender based in San Diego, California. It was founded in 1960 and has grown from a single office to a nationally recognized, independent lender with over 4,000 employees and more than 250 branches in almost every state in the US. Guild Mortgage offers a range of mortgage products, including conventional and government-backed loans, and specializes in residential mortgage products and local in-house processing. The company has a 4-star rating from NerdWallet and is praised for its customer service and focus on delivering the promise of homeownership.

Guild Mortgage is a growth-oriented company

Guild Mortgage offers a range of mortgage products, including conventional loans, government-backed loans (FHA, VA, and USDA), renovation loans, home equity products, and loans for manufactured homes. They also provide down payment assistance programs and specialized loan programs. Guild Mortgage's business model is relationship-based, focusing on loan sourcing strategies and delivering the promise of homeownership.

The company has demonstrated its ability to navigate challenging market conditions and interest rate environments. In the fourth quarter of 2022, Guild Holdings Company (the parent company of Guild Mortgage) reported a net revenue of $34.8 million and retained mortgage servicing rights for 89% of total loans sold. Guild's purchase recapture rate of 25% in the same quarter reinforces its customer-centric approach and synergistic business model.

Guild Mortgage continues to invest in its business and expand through strategic acquisitions. They have acquired two high-quality mortgage companies to grow in existing markets and enter new ones. With a scalable and repeatable business model, a well-capitalized balance sheet, and a focus on long-term shareholder value, Guild Mortgage is well-positioned for continued growth and success.

It has over 4000 employees

Guild Mortgage is a growth-oriented, independent mortgage company that employs a relationship-based loan sourcing strategy. It was founded in San Diego in 1960 and has grown from a single office to a company with over 4000 employees and 222 retail branches in 30 states across the US. Guild Mortgage is currently the nation's 20th-largest lender and is considered a dominant player in mortgages.

The company's success over more than 50 years has been built on a foundation of core principles: a collegial, caring, and entrepreneurial culture; recruiting quality people; industry-leading technology; and a vision that emphasizes long-term stability and profitability over short-term gains. Guild Mortgage's collaborative and entrepreneurial culture enables it to deliver personalized customer service. The company has grown almost 20-fold, from $1 billion in production in 2007 to $21.71 billion in total loan volume in 2019.

Guild Mortgage offers a range of mortgage products, including conventional and government-backed loans (FHA, VA, and USDA), as well as loans for manufactured homes and renovation loans. They also participate in more than 500 local down payment assistance programs nationwide. Guild Mortgage typically doesn't charge an origination fee, making it more accessible to borrowers.

The company continues to invest in its business and grow, both organically and through acquisitions. In the fourth quarter of 2022, Guild acquired two high-quality mortgage companies to expand its presence in existing markets and enter new ones. With a scalable business model and a well-capitalized balance sheet, Guild Mortgage is focused on building long-term shareholder value.

Guild Mortgage offers a range of loans

Guild Mortgage is a growth-oriented, non-bank mortgage company based in San Diego, California. It offers a wide range of loans and programs that stand out from competitors, including FHA loans, renovation loans, home equity products, and loans for manufactured homes. Guild also offers low down payment options, various forms of down payment assistance, and loans that allow low credit scores and non-traditional credit. Guild's loans are available in several states across the country.

The company employs a relationship-based loan sourcing strategy to deliver on its mission of making homeownership accessible. Guild's business model focuses on leveraging its product mix, technology, servicing capabilities, and network of local loan officers to provide suitable loan options for its customers.

• Fixed or Adjustable-Rate Conventional Loans: Guild provides conventional loans with fixed or adjustable interest rates, allowing borrowers to choose a loan that aligns with their financial goals and market conditions.
• Rate and Term or Cash-Out Refinance: Guild offers rate-and-term refinance loans, which can help borrowers secure a lower interest rate or more favourable terms. They also provide cash-out refinance options, enabling homeowners to tap into their home equity and access funds for various purposes.
• Jumbo Loans: These are mortgage loans that exceed the conforming loan limits set by federal regulations. Jumbo loans are often sought by borrowers seeking to purchase higher-priced properties.
• FHA Loans: Guild offers Federal Housing Administration (FHA) loans, which are popular among first-time homebuyers due to their low down payment requirements and flexible credit score criteria.
• VA Loans: Veterans Affairs (VA) loans are available for military service members and their families. These loans typically offer competitive interest rates and require no down payment.
• USDA Loans: United States Department of Agriculture (USDA) loans are designed for rural homebuyers and offer benefits such as low down payment requirements and favourable interest rates.
• Renovation Loans: Guild provides renovation loans, such as FHA 203k and Fannie Mae HomeStyle loans, which allow borrowers to finance both the purchase and renovation of a property, covering the cost of repairs or improvements.
• Loans for Manufactured Homes: Guild stands out for offering loans specifically for manufactured homes, providing financing options for those looking to purchase prefabricated or factory-built homes.
• Home Equity Loans and HELOCs: Guild Mortgage offers home equity borrowing options, including traditional home equity loans and home equity lines of credit (HELOCs). These loans allow homeowners to leverage the equity in their homes for various financial needs.
• Bridge Loans and Energy-Efficient Mortgages: Guild also provides bridge loans, which can be useful when purchasing a new home before selling an existing one. They also offer energy-efficient mortgages that promote the use of energy-saving technologies and can help reduce utility costs.

Guild Mortgage's range of loans caters to a diverse set of borrowers, including first-time homebuyers, military families, and rural homebuyers. The company's focus on relationship-based lending and its commitment to delivering the promise of homeownership set it apart in the mortgage industry.

It operates in over 250 branches

Guild Mortgage is a growth-oriented, independent mortgage lender based in San Diego, California. It was founded in 1960 when the modern US mortgage industry was just forming. It has grown from a single office to a company with over 4,000 employees operating in over 250 branches across the US. Guild Mortgage was the nation's 20th-largest lender in 2023, according to federal data.

The company offers a range of mortgage products, including conventional and government-backed loans (FHA, VA, and USDA), as well as loans for manufactured homes and renovation loans. Guild Mortgage also provides local in-house processing, underwriting, and funding services. It has a 5 out of 5 rating for availability due to its near-nationwide presence and a robust slate of loan options.

Guild Mortgage does not offer services in New York State. Its loans are available in Arkansas, California, Connecticut, Delaware, Florida, Maryland, Massachusetts, New Hampshire, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington, D.C., and West Virginia.

Guild Mortgage has a unique business model that combines human and tech-based services to deliver personalized customer experiences. The company has a strong focus on customer service, as evidenced by its participation in more than 500 local down payment assistance programs nationwide. Guild's collaborative and entrepreneurial culture has contributed to its success, along with its commitment to recruiting quality people and investing in industry-leading technology.

Guild Mortgage has a 4-star rating

Guild Mortgage is a non-bank lender based in San Diego, California. It is a wholly owned subsidiary of Guild Holdings Company (NYSE: GHLD) and was founded in 1960. Guild Mortgage has experienced significant growth in recent years, driven by strategic acquisitions and a robust market presence.

Guild Mortgage has received a 4-star rating from NerdWallet for its home loan offerings. This rating is based on an analysis of federal data comparing mortgage lenders' origination fees and offered mortgage rates across all loan types. Guild's rating reflects its competitive fees and rates, as well as the variety of loan options it offers to borrowers.

NerdWallet's rating system takes into account the range of loan types available, including options for purchase and refinance, fixed-rate and adjustable-rate loans, and government-backed FHA, VA, or USDA loans. Guild Mortgage stands out for its renovation loans, home equity products, and loans for manufactured homes. These options provide flexibility for borrowers with varying financial backgrounds and needs.

While Guild Mortgage does not have a mobile app or publish interest rates online, it has earned recognition for its customer-centric approach. The company's "Customer-for-Life" strategy involves servicing the majority of the loans it funds, allowing loan officers to maintain long-term relationships with clients. This strategy aligns with Guild Holdings Company's mission of delivering the promise of homeownership through a relationship-based loan sourcing approach.

In addition to its 4-star rating from NerdWallet, Guild Mortgage has also achieved notable accolades. It has been recognized as a top mortgage lender by various reputable sources, including Bankrate, Business Insider, Forbes, and the U.S. Department of Agriculture. Guild's loan officers have also been acknowledged as among the best in the country, further solidifying its position as a trusted and reliable lender in the industry.

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