Guild Holdings Co., the parent company of Guild Mortgage, delivered a profit in the second quarter of 2024, mainly due to the performance of its growing servicing portfolio. Meanwhile, its origination volume increased by 69% from April to June compared to the previous quarter but at lower margins. 

Net income in Q2 2024 increased to $37.6 million, compared to $28.5 million in the previous quarter, according to filings with the Securities and Exchange Commission (SEC). The data shows that adjusted net income was $30.7 million and adjusted EBITDA was $41.6 million. 

Guild CEO Terry details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com