Guild Mortgage

Office address: 5887 Copley Drive, San Diego, CA 92111
Website: www.guildmortgage.com
Year established: 1960
Company type: financial services
Employees: 4,300+
Expertise: first-time homebuyers, home loan, VA loan, veterans, FHA loan, finance, financing, home purchase, homebuying, credit score, down payment assistance, USDA loan, conventional loan, and refinance
Parent company: Guild Holdings Company
CEO and key people: Terry Schmidt (CEO), David Neylan (president and COO), Amber Kramer (SVP and CFO), Barry Horn (EVP, Growth Champion), David Battany (EVP, Capital Markets), Russ Fowlie (EVP of Loan Servicing), and Kurt Reheiser (EVP and CIO)
Financing status: private equity-backed

Guild Mortgage is a home financing company that provides home loans, refinancing, and other mortgage solutions. The company has a market capitalization of $855.4 million as of 2024, with an annual revenue hitting the $1.2 billion mark in FY 2022. Their commitment to personalized mortgage-borrowing experiences is highlighted by a servicing portfolio of $85 billion in 2023 and a staff of over 4,300 employees.

History of Guild Mortgage

Guild Mortgage was founded in 1960 by Martin Gleich and is headquartered in San Diego, California. In its early years, it specialized in government-backed loans and provided loans primarily for homes built by the American Housing Guild. In the 1980s it entered the wholesale mortgage business under the leadership of Mary Ann McGarry, sparking significant growth.

Through the years, Guild Mortgage has experienced significant growth, notably a 27x increase since 2007. In recent years, it introduced a new company logo and continued growth with a focus on technology to enhance customer experience. As of 2024, it now has over 300 retail branches across 49 states.

Products and Services of Guild Mortgage

Guild Mortgage's product lineup caters to a wide spectrum of financing needs. Key offerings include:

  • 1% down payment advantage: aiding homeowners in making lower down payments
  • 3-2-1 home plus program and bridge home loan: offering bridge financing solutions
  • BuyNow advantage and complete rate program: tailored to assist buyers in securing favorable rates
  • conventional mortgage and doctor program: customized services for professionals
  • FHA loan and VA loan: government-backed loans ensuring wider access to mortgage solutions

Culture at Guild Mortgage

Guild Mortgage prides itself on a culture that emphasizes employee welfare, community service, and ethical business practices. It has been recognized as a Top Workplace by The San Diego Union-Tribune for 11 consecutive years, showing a supportive and inclusive work environment. Along with comprehensive benefits such as dental, medical, and a 401(k), the employees lead multiple initiatives to support their professional and personal lifestyles, including:

  • Black Excellence and Advancement in Mortgage (BEAM)
  • Proudly Representing Identity & Sexuality in Mortgage (PRISM)
  • The Seventh Branch
  • United Network for Impact, Development, Opportunity, and Support (UNIDOS)

The company actively engages in charitable initiatives and strives to make a positive impact in the communities it serves. To give back to the community, it has partnered with charities and NGOs, such as:

  • Blue Star Mothers
  • Karing is Doing Something (K.I.D.S.)
  • Youth Oasis
  • Jacobs & Cushman San Diego Food Bank

About Guild Mortgage CEO Terry Schmidt and Key People

Terry Schmidt is CEO of Guild Mortgage and Director of Guild Holdings Company. Schmidt oversees the preparation and analysis of financial statements, cash flow and liquidity management, warehouse lending, human resources department, and more. She holds a Bachelor of Business Administration degree in Accounting from the University of San Diego and has achieved certification as a mortgage banker.

Along with Schmidt is a team of seasoned executives. Key people include:

  • David Neylan, the president and COO, oversees operational strategies to enhance company growth
  • Amber Kramer is the SVP and CFO and manages the company’s financial health and strategic planning
  • Barry Horn as the EVP, Growth Champion, focuses on expanding Guild Mortgage’s market presence
  • David Battany, the EVP for Capital Markets, directs strategies within the capital markets to optimize financial performance
  • Russ Fowlie, as EVP of Loan Servicing at Guild Mortgage, plays a crucial role in overseeing the management and operational effectiveness of the company's loan servicing department
  • Kurt Reheiser, in his capacity as EVP and CIO, spearheads the strategic planning and execution of technology initiatives

The Future at Guild Mortgage

Guild Mortgage’s recent acquisitions, such as Academy Mortgage and First Centennial Mortgage, are a financial strategy to expand its operations. As the mortgage industry continues to progress, the company's adaptability, coupled with its strong leadership team, positions it well to capitalize on emerging opportunities and navigate future challenges.

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