Guild Mortgage, the independent lender based in Kearny Mesa, reported record results for 2018.
Total loan volume for the year was $16.53 billion, surpassing the company’s banner year of 2016, when it did $15.97 billion worth of business. The 2018 numbers were an increase of 3.7 percent over the $15.94 billion worth of business in 2017.
Servicing for 2018 grew 18.5 percent to $45.69 billion, up from $38.55 billion at the end of 2017.
Guild’s purchase loan business hit a record $13.96 billion in 2018, up 10.2 percent from $12.67 billion in 2017.
Guild tallied its record results as the overall market slowed. U.S. mortgage originations fell 6.8 percent from $1.76 trillion in 2017 to an estimated at $1.64 trillion in 2018, according to the Mortgage Bankers Association.
Loan servicing at Guild grew 18.5 percent from 2017, to $45.69 billion in 2018.
As interest rates rose, Guild’s refinance business fell by 22.5 percent to $2.44 billion.
The company reported its results on March 28.
In early March, Guild announced that it gained a presence in Wisconsin by opening a branch in the state capital of Madison and a satellite office in Baraboo.