One of the nation’s largest independent mortgage lenders has reported record loan volume for 2016.
Guild Mortgage posted a total loan volume of $15.9 billion last year, according to a news release. That’s a 15.3% increase from 2015’s total volume of $13.8 billion.
Guild Mortgage has grown nearly fourfold since 2010, when its total loan volume was $4.1 billion. It’s also expanded from its western base into the Southwest, South and Southeast. The company’s servicing volume has grown even faster than its loan volume, posting $29.9 billion in 2016, a 34.1% jump from the year before and a nearly five-fold gain from 2010.
“Last year, we saw homebuyers turn to independent mortgage banking companies like Guild because of our expertise and broad range of product offerings,” said Guild Mortgage President and CEO Mary Ann McGarry. “Guild is always looking to open doors to new possibilities for first-time homebuyers and to give existing homeowners more choices.”
The company’s purchase loan volume rose to $10.7 billion last year, or 67% of all loans. McGarry said the company saw its fastest growth in some of its newer markets.
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