California-based Guild Mortgage can be added to the growing list of lenders with waning profitability. But Guild’s executives believe the retail lender is well positioned to succeed in a lower-volume environment, whether it’s organically or through acquisitions.
The nonbank mortgage lender increased its total originations in 2021, despite a reduction in the fourth quarter. But margins under pressure due to higher rates reduced the company’s earnings.
Guild, a purchase-focused lender with a distributed retail model, reported on Thursday a $36.8 billion in origination volume in 2021, up 5% from 2020, with purchases representing 54.6% of the total. In the details ⇒
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