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Tuesday, May 28, 2024
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Guild Mortgage Reports Loan Volume of $13.8 Billion for 2015

Guild Mortgage Co. on Wednesday reported record loan volume of $13.8 billion for 2015, almost double the $7.4 billion from the year before and exceeding internal expectations by nearly $2 billion.

Guild also said its servicing volume reached $22.3 billion, up about a third from the $16.6 billion in 2014 and about $1.5 billion higher than publicly anticipated.

Guild closed 60,331 loans during the period, a 72 percent increase, with loans used to purchase homes representing most of Guild’s origination business. The average loan size was $228,707.

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