Quarterly originations slowed at Guild Mortgage Co., though year-to-date volume ascended to an all-time high. The servicing portfolio reached a new record, and staffing hasn’t changed much over the past year.
The San Diego-based company reported that it serviced roughly 217,146 residential loans with a collective unpaid principal balance of $44.86 billion as of Sept. 30.
That turned out to be the biggest mortgage servicing portfolio ever for Guild since its inception in 1960. While the third-party portion of the portfolio wasn’t disclosed, it was last reported at nearly $42 billion.
Source: Mortgage Daily