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Guild Mortgage Adds High Performing Group of Loan Officers and Branch Offices in California
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Rhea-AI Summary
Guild Mortgage has expanded its operations by establishing a new district in California, which includes a team of 40 employees and eight branch offices. This new district is expected to generate over $350 million in annual production. John Lowe has been appointed as the district manager, overseeing a team of area managers, branch managers, and loan officers. In 2022, Guild recorded $1.9 billion in loan originations in California. This expansion is described as a significant move, comparable to a mini acquisition, highlighting the team's reputation and loyalty. Guild now boasts around 4,000 employees and 300 branches across 49 states, providing a comprehensive range of mortgage products, including VA loans and government-backed programs.
Positive
Acquisition of a new team of 40, expanding operational capacity.
Expected annual production of over $350 million from the new district.
Strengthens market presence with eight new branch offices in California.
Addition of experienced leadership under John Lowe, enhancing management quality.
Record loan originations of $1.9 billion in California in 2022, reflecting strong business performance.
Negative
None.
New team of 40 includes managers, loan officers and support staff, responsible for more than $350M in annual production
SAN DIEGO--(BUSINESS WIRE)--
Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage lending company originating and servicing residential loans since 1960, added a new district made up of 40 new Guild employees and eight branch offices in California, to serve homebuyers throughout the region.
John Lowe has been named district manager of the new district. He will report to Guild regional vice president Mike Ferreira. Lowe moves to Guild with 40 team members, including: area managers Chris Owen and Joanne Hender; branch managers Doug Grenz, Don Petty, Gwen Chyz, Jeremy Kurtz, Marco Guerra and Steve Weninger; sales manager Debra Morsan; six transaction coordinators and four processors.
“Guild’s reputation and history of stability were a major draw for our group, giving us the confidence to make the move, become part of one of the best organizations in the industry and continue to build on the success we’ve achieved together,” said Lowe. “Guild’s business model and ability to service the majority of its home loans means each member of our team can make a long-term commitment to help every customer beyond the closing of a loan, which is a major differentiator.”
The 20 high performing loan officers joining Guild are: Alejandra Torres, Alex Alvarez, Alex Innocentes, Caleb Kurtz, Cameron Elkins, Carolyn Gregory, Cecilia Duran, Cole Wilson, Crystal Turben, Jennifer Guerra, Jeremy Massari, Joanna Busalacchi, Kandice Castro, Kelly Cort, Lisa Jones, Mari Sanchez, Meghan Dinublio, Monica Cuevas, Tommy Allums, and Vincent Piegaro.
“We welcome John Lowe and his team and are gratified they selected Guild to continue to serve their customers and meet the needs of new homebuyers,” said Ferreira. “While this was an organic move for the team, the size and annual production of this group – coming in at more than $350 million – is equal to that of a mini acquisition. A shift this large speaks volumes about the quality of John’s leadership and is a direct reflection of the trust and loyalty he has earned from this group; something we know will continue to prosper here at Guild.”
Guild recorded loan originations of $1.9 billion in the California region in 2022. The Lowe group started with Guild in early March 2023. It is currently serving customers from California offices in Auburn, Corvallis, Folsom, Gardnerville, Riverside, Santa Rosa, Vacaville and Yuba City. Guild now has some 4,000 employees and 300 branches serving customers in 49 states.
Headquartered in San Diego, Guild Mortgage is a leading national lender with an established history of offering a comprehensive array of loan products and partnering with government organizations to help deliver the promise of home in every neighborhood and community. Its loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to homebuyers looking for a jumbo loan. Guild also helps active duty and retired military personnel who qualify for VA loans with 100% financing and flexible qualifying standards. The company is consistently recognized for its impact in the communities it serves, commitment to customer service, strength in regulatory compliance, and workplace culture.
About Guild Mortgage
Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Guild’s collaborative culture and commitment to diversity and inclusion enable it to deliver a personalized experience for each customer. With more than 4,000 employees and over 300 retail branches, Guild has relationships with credit unions, community banks, and other financial institutions and services loans in 49 states and the District of Columbia. Guild’s highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. Guild Mortgage Company is a wholly owned subsidiary of Guild Holdings Company, whose shares of Class A common stock trade on the New York Stock Exchange under the symbol GHLD.
