Annual home lending held up at Guild Mortgage Co., which reported an all-time high for purchase-money volume. Staffing expanded, but the servicing portfolio was slashed.
At the conclusion of 2017, the San Diego-based mortgage banking firm serviced 4,177 single-family loans with a collective unpaid principal balance of $0.948 billion.
Guild, which provided the details and more as part of the Mortgage Daily Fourth Quarter 2017 Mortgage Origination Survey, slashed its servicing portfolio from 182,560 loans for $36.540 billion as of Sept. 30.
Source: Mortgage Daily