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Guild Holdings Company (GHLD) is a prominent player in the residential mortgage market, offering a comprehensive range of mortgage products. With a focus on consistency and speed throughout the loan process, Guild provides in-house underwriting and funding, ensuring a seamless experience for borrowers.
The company caters to a diverse clientele, from first-time homebuyers availing government loan programs to those seeking jumbo home loans. Guild also has a specialized focus on assisting active duty and retired military personnel in securing VA loans, which offer 100% financing and flexible qualifying standards.
Operating as an equal housing lender, Guild Mortgage Company lends in numerous states across the U.S., including Alabama, Alaska, Arizona, California, Colorado, Florida, Georgia, and many more.
Guild Holdings operates through two primary segments: Origination and Servicing. The Origination segment is responsible for loan origination, acquisition, and sale activities across the U.S., divided further into retail and correspondent channels. This segment generates the majority of the company's revenue and focuses on loan origination. The Servicing segment, on the other hand, manages all loans in Guild's servicing portfolio, providing a consistent cash flow to support the Origination segment. This segment is crucial for building long-standing client relationships, fostering repeat business and referrals.
Recent achievements and current projects demonstrate Guild's commitment to growth and innovation in the mortgage industry. The company's ability to adapt and respond to market demands has solidified its position as a reliable and efficient mortgage provider for a wide range of clients.
Guild Holdings Company (NYSE: GHLD) reported third quarter 2024 results with total originations of $6.9 billion, up 6% from previous quarter and 59% year-over-year. Net revenue was $159.3 million, with a net loss of $66.9 million. The company achieved a gain on sale margin of 333 bps, with 88% of loan volume from purchase originations. The servicing portfolio reached $91.5 billion, up 3% quarter-over-quarter. Despite origination segment showing profits, significant MSR valuation losses of $145.8 million due to interest rate declines impacted overall results. Adjusted net income was $31.7 million with adjusted return on equity of 10.6%.
Guild Holdings Company (NYSE: GHLD) has announced it will release its third quarter 2024 financial results on November 6, 2024, after market close. The company will host a webcast and conference call at 5:00 p.m. Eastern Time on the same day to discuss the quarterly results. The webcast will be accessible through Guild Holdings' Investor Relations website, with dial-in options available for domestic (1-877-407-0789) and international (1-201-689-8562) callers. A replay will be available through November 20, 2024.
Guild Holdings Company (NYSE: GHLD) reported its Q2 2024 results. Highlights include originations of $6.5 billion, a net revenue of $285.7 million, and a net income attributable to Guild of $37.6 million. The adjusted net income stood at $30.7 million, with a return on equity (ROE) of 12.3% and an adjusted ROE of 10.1%. Guild achieved a gain on sale margin on originations of 326 bps, and 92% of originations were from purchase business. The company also paid a special dividend of $0.50 per share.
Year-to-date, Guild recorded originations of $10.4 billion, net revenue of $517.5 million, and a net income of $66.1 million. The servicing portfolio's unpaid principal balance rose 9% to $89.1 billion from June 2023. The adjusted net income for the YTD period was $38.8 million, and adjusted EBITDA was $57.5 million. The company highlighted its ability to gain market share, driven by investments in technology and people, and its focus on acquisition and integration strategies.
Guild Mortgage (NYSE: GHLD) has expanded its Guild Gateway to Homeownership Assistance program, granting over $3.7 million to assist 683 homebuyers with closing costs. The program now covers five Metropolitan Statistical Areas across the U.S., offering up to $5,000 in lender credit. Guild has also introduced new initiatives, including:
1. FNMA HomeReady First: Provides $6,500 in total credits for first-time homebuyers.
2. Freddie Mac BorrowSmart Access: Offers $3,000 in down payment assistance in 10 metro areas.
These programs aim to support underserved communities and first-time homebuyers by addressing major obstacles to homeownership, such as down payments and closing costs.
Guild Holdings Company (NYSE: GHLD), a growth-oriented mortgage company, has announced its second quarter 2024 earnings webcast and conference call details. The company will release its results for the quarter ended June 30, 2024 after market close on Thursday, August 8, 2024. Management will host a webcast and conference call at 5:00 p.m. Eastern Time on the same day to discuss the financial results.
Investors can access the live webcast on Guild Holdings' Investor Relations website. The conference call can be joined using the following dial-in numbers: 1-877-407-0789 (Domestic) and 1-201-689-8562 (International). A replay of the call will be available on the company's website until August 22, 2024, accessible via phone using the numbers 1-844-512-2921 (Domestic) or 1-412-317-6671 (International) with the pin number 13746929.
Guild Mortgage has launched GuildGPT, a custom AI system designed to streamline tasks and improve efficiency for its employees. This in-house developed tool allows instant access to Guild's knowledge database, helping loan officers quickly find information on company products, guidelines, and answer product-related questions. Since its June launch, GuildGPT has:
- Been used by nearly 2,000 employees
- Answered over 20,000 questions
- Received positive feedback, with employees calling it 'vital' to improving business operations
The AI assistant aims to save time for loan officers, enabling them to better serve partners and customers. Guild Mortgage plans to continue developing GuildGPT and other tools to enhance functionality and streamline processes.
Guild Mortgage, a leading national independent mortgage lender, recently completed an Expedition to Verde Sumaco, Ecuador to help villagers create a cistern system for clean, drinkable water. A team of 29 Guild members, including President and COO David Neylan, spent four days in the Amazon jungle working on this project.
The expedition is part of a program inherited from Academy Mortgage, which joined Guild earlier this year. The main service project involved transporting thousands of pounds of sand and cement uphill to the cistern site. Guild plans additional expeditions in September and in the first half of 2025, open to all employees and a family member guest.
Guild Holdings Company (NYSE: GHLD) reported strong first quarter 2024 results with originations of $3.9 billion, net revenue of $231.8 million, and net income of $28.5 million. The company acquired Academy Mortgage , declared a special dividend of $0.50 per share, and remains focused on delivering the promise of homeownership through growth, market share gains, and technology innovation.
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