Guild Mortgage Co., the San Diego private mortgage bank, said it opened an operations center in Reno, Nev.
The center will process, underwrite, and fund loans for Guild’s Nevada branches in the Southwest region. Guild now has more than 250 branch offices in 23 states, with its most recent growth occurring in the Southwest and Southeast.
Guild’s Nevada branches closed 2,542 loans last year totaling $502.6 million, a record, the company said.
Companywide, Guild originated $7 billion in mortgages last year, and serviced $16 billion in loans.