In addition to increasing the size of its loan servicing portfolio, Guild Mortgage Co. grew its payroll thanks to an acquisition. Originations were off from the prior quarter.

Guild serviced 196,806 single-family loans with an aggregate unpaid principal balance of $40.016 billion as of March 31, according to data submitted as part of the Mortgage Daily First Quarter 2018 Mortgage Origination Survey.

The San Diego-based mortgage banking firm’s servicing portfolio grew from 190,672 loans for $38.55 billion three months earlier. A year earlier, the total was 162,168 loans for $31.598 billion.

Source: Mortgage Daily