Guild Holdings Co
NYSE:GHLD
Guild Holdings Co
Guild Holdings Co. operates as a growth-oriented mortgage company. The company is headquartered in San Diego, California and currently employs 5,100 full-time employees. The company went IPO on 2020-10-22. The firm operates through two segments: Origination and Servicing. The firm operates its loan origination business in approximately forty-eight states. The Originations segment is primarily responsible for loan origination, acquisition and sale activities. The firm services loans out of its corporate office in San Diego, California. The servicing segment provides a stream of cash flow to support the origination segment. The servicing segment is primarily responsible for the servicing activities of all loans in the Company’s servicing portfolio, which includes collection and remittance of loan payments, managing borrower’s impound accounts for taxes and insurance, loan payoffs, loss mitigation and foreclosure activities. The firm has developed in-house servicing platform.
Guild Holdings Co. operates as a growth-oriented mortgage company. The company is headquartered in San Diego, California and currently employs 5,100 full-time employees. The company went IPO on 2020-10-22. The firm operates through two segments: Origination and Servicing. The firm operates its loan origination business in approximately forty-eight states. The Originations segment is primarily responsible for loan origination, acquisition and sale activities. The firm services loans out of its corporate office in San Diego, California. The servicing segment provides a stream of cash flow to support the origination segment. The servicing segment is primarily responsible for the servicing activities of all loans in the Company’s servicing portfolio, which includes collection and remittance of loan payments, managing borrower’s impound accounts for taxes and insurance, loan payoffs, loss mitigation and foreclosure activities. The firm has developed in-house servicing platform.
Originations Growth: Loan originations grew 35% year-over-year to $5.2 billion, outpacing the broader industry.
Profit Improvement: The Origination segment improved profitability by $21 million compared to the prior year’s first quarter.
Servicing Portfolio: The servicing portfolio expanded to $94 billion, providing stability despite market volatility.
Margins: Gain on sale margins increased to 376 basis points from 364 basis points last year and 317 basis points in Q4, with management expecting margins to remain steady around 330–340 bps.
Net Loss: The company reported a net loss of $24 million, impacted by a $70 million downward MSR valuation due to lower interest rates.
Capital Return: Guild repurchased 35,000 shares and paid a $0.50 special dividend to shareholders.
Strategic Focus: Emphasis on organic growth, recruiting, operational efficiency, and selective acquisitions.
