August 27, 2016 5:26 PM ET

Thrifts and Mortgage Finance

Company Overview of Guild Mortgage Company, Inc.

Company Overview

Guild Mortgage Company, Inc. operates as a mortgage company in the Western United States. It provides residential mortgage products to homebuyers; and resale mortgage financing services. The company was founded in 1960 and is based in San Diego, California with branch in Carlsbad, California; and Longview, Texas.

5898 Copley Drive

4th & 5th Floor

San Diego, CA 92111

United States

Founded in 1960

Phone:

858-560-6330

Fax:

619-795-2651

Key Executives for Guild Mortgage Company, Inc.

Chief Executive Officer, President and Director
Chief Financial Officer, Executive Vice President and Director
Senior Vice President of Retail Production
Senior Vice President of Retail Production
Senior Vice President of Loan Administration
Compensation as of Fiscal Year 2016.

Guild Mortgage Company, Inc. Key Developments

Guild Mortgage Mulls Acquisitions

Guild Mortgage Company, Inc. is mulling acquisitions. Guild Mortgage has a long range plan to grow through acquisition, adding branches in new and existing markets, and preserving its customer service culture with experienced, talented loan officers with established relationships.

Guild Mortgage Co. Faces Lawsuit Alleging Improper Underwriting of FHA-Insured Mortgages

The U.S. filed a lawsuit alleging that Guild Mortgage Co. improperly underwrote mortgages insured by the Federal Housing Administration. The complaint alleges that during its participation in the FHA insurance program as a direct endorsement lender, Guild submitted false claims for hundreds of improperly underwritten loans. The complaint further alleges that Guild falsely certified compliance with underwriting requirements. The U.S. Department of Housing and Urban Development has paid 'tens of millions of dollars' of insurance claims on loans improperly underwritten by Guild. The lawsuit was filed in the U.S. District Court for the District of Columbia under the False Claims Act.

Guild Mortgage Company, Inc. Opens Branch in Longview, Texas; Tom Holyfield to Lead Branch

Guild Mortgage Co. has opened a new branch in Longview (NMLS# 1382903) with a satellite location in Tyler, Texas (NMLS# 1389542). Tom Holyfield (NMLS# 210861), a mortgage industry veteran with over 17 years of experience, will serve as manager and senior loan officer for both locations. Prior to joining Guild, Holyfield worked as a branch manager for three large mortgage companies, including Service First Mortgage.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 6, 2016
AmeriPro Funding, Inc.
 

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