Guild Mortgage CEO talks acquisitions, AI and company growth

Guild Mortgage CEO talks acquisitions, AI and company growth

In this week’s episode of the Power House podcast, HousingWire President Diego Sanchez sits down with Terry Schmidt, CEO of San Diego-based Guild Mortgage, to discuss the company’s recent acquisitions, reverse mortgages... Read more »
Terry Schmidt says Guild is seeing more interest in reverse mortgages

Terry Schmidt says Guild is seeing more interest in reverse mortgages

Guild Mortgage CEO Terry Schmidt said during a third-quarter earnings call on Wednesday that Guild’s reverse mortgage division continues to contribute to companywide strategies, and that additional interest in reverse has been... Read more »
Guild hires Nora Guerra as SVP of community lending solutions

Guild hires Nora Guerra as SVP of community lending solutions

Guild Mortgage announced on Thursday that it has hired Nora Guerra, who worked at Freddie Mac for more than five years, as its senior vice president of community lending solutions. A mortgage... Read more »
Guild earnings show more reverse mortgage activity after Cherry Creek acquisition

Guild earnings show more reverse mortgage activity after Cherry Creek acquisition

Guild Mortgage released its fourth-quarter and full year 2023 earnings report this week, showing that it narrowed its focus on purchase originations and increased its market share on the forward lending side,... Read more »
Guild earnings show more reverse mortgage activity after Cherry Creek acquisition

Guild reports loss in 2023, but market share growth was a silver lining

San Diego-based lender Guild Mortgage lost money in 2023 but grew its market share through a focus on purchase mortgage originations, it reported in an earnings call on Tuesday. Similar to other... Read more »
Guild earnings show more reverse mortgage activity after Cherry Creek acquisition

Guild CEO offers details on Academy Mortgage acquisition

Guild Mortgage’s acquisition of Academy Mortgage Corp. is expected to expand the retail lender’s presence in Western states and also bring in expertise with builder products, Guild CEO Terry Schmidt said in... Read more »
Guild earnings show more reverse mortgage activity after Cherry Creek acquisition

Former executive sues Guild over $750,000 in unpaid compensation

Veteran mortgage executive James Seely has sued Guild Mortgage for allegedly failing to pay $750,000 in compensation after terminating his employment for cause by “manufacturing out of whole cloth spurious claims of... Read more »
Guild hires Adam O’Daniel as chief marketing officer

Guild hires Adam O’Daniel as chief marketing officer

Industry veteran Adam O’Daniel is transitioning to Guild Mortgage as senior vice president and chief marketing officer, a newly created role, after about two years at Open Mortgage, the company announced on Tuesday.  “We’re going to expand... Read more »
Guild reports higher profits in Q3, plans to acquire purchase lenders 

Guild reports higher profits in Q3, plans to acquire purchase lenders 

California lender Guild Mortgage reported an increased profit in the third quarter despite high mortgage rates and limited home sales inventory.  The purchase-focused lender with a distributed retail model emphasized its growth... Read more »