Growth in seven states helped push San Diego-based Guild Mortgage Co. ahead of its peers during the first three quarters of 2018.

Total volume reached a record $12.75 billion during the nine-month period ending Sept. 30. Volume was up 9.3 percent from $11.67 billion in the same period of 2017.

Industrywide, total loans for the first three quarters dropped off by 4.4 percent to $1.25 trillion, according to the Mortgage Bankers Association.

Guild CEO Mary Ann McGarry said the company saw continued growth in Arizona, Colorado, Nevada, South Carolina, Texas, Utah and Washington.

Purchase loans reached $10.85 billion in the nine-month period, up 14.2 percent from $9.5 billion in the first nine months of 2017.

Refinance business dropped to $1.89 billion, down 12.5 percent from $2.16 billion in the year-ago period.

The average loan size for all markets was $234,308. In California, the average loan size was $306,399 (up 5.6 percent from the same period in 2017) while in Hawaii, the average loan size was $423,147 (up 3.6 percent from the same period in 2017).

Guild is an independent mortgage lender.