In addition to achieving record loan production, Guild Mortgage Co. boosted the balance of its residential loan servicing portfolio and expanded the size of its payroll.
By the time the midpoint of this year arrived, the San Diego-based company serviced 172,615 single-family loans with an aggregate unpaid principal balance of $34.126 billion.
Those details, as well as other operational metrics, were provided by Guild as part of the
Mortgage Daily Second Quarter 2017 Mortgage Origination Survey.
The servicing portfolio expanded from three months earlier, when it stood at 162,168 loans for $31.598 billion, and a year earlier, when the total was 136,119 units for $25.564 billion.
Comprising the latest portfolio were $33.026 billion in loans serviced for third parties and $0.001 billion in mortgages owned by the firm.
Guild originated 18,353 loans for $4.228 billion during the three months ended June 30, 2017.
Business was better than 13,572 loans closed for $3.046 billion in the first quarter
and also improved from 17,903 mortgages funded for $4.067 billion in the second-quarter 2017.
For all six months that have elapsed so far this year, mortgage production amounted to 31,925 loans for $7.275 billion —
an all-time high according to a separate announcement.
Guild noted that $3.988 billion of the latest quarterly activity was generated by retail originators, and $0.240 billion was correspondent acquisitions.
Purchase-money lending accounted for $3.5 billion of second-quarter 2017 originations — the most ever.
Staffing concluded June 2017 at 4,012 people. At the end of the preceding quarter, headcount was 3,772 employees, while there were
3,280 people on the payroll as of June 30, 2016.
