Company acquires a line-up of mortgage professionals and eight branches
Guild Mortgage has acquired a team of mortgage experts and eight branch offices in California, expanding the company’s reach throughout the region.
Guild welcomed the Lowe Group, which currently serves customers in eight California locations. The team, led by district manager John Lowe, moves to Guild with 40 team members, including area managers Chris Owen and Joanne Hender; branch managers Doug Grenz, Don Petty, Gwen Chyz, Jeremy Kurtz, Marco Guerra and Steve Weninger; sales manager Debra Morsan; six transaction coordinators and four processors.
“We welcome John Lowe and his team and are gratified they selected Guild to continue to serve their customers and meet the needs of new homebuyers,” said Mike Ferreira, regional vice president at Guild. “While this was an organic move for the team, the size and annual production of this group – coming in at more than $350 million – is equal to that of a mini-acquisition. A shift this large speaks volumes about the quality of John’s leadership and is a direct reflection of the trust and loyalty he has earned from this group, something we know will continue to prosper here at Guild.”
The San Diego-based company also hired 20 seasoned loan officers, bringing its headcount to 4,000 employees and 300 branches operating in 49 states. Last month, Guild acquired Colorado-based Cherry Creek Mortgage as part of its expansion strategy.
“Guild’s reputation and history of stability were a major draw for our group, giving us the confidence to make the move, become part of one of the best organizations in the industry and continue to build on the success we’ve achieved together,” Lowe said in the company’s press release. “Guild’s business model and ability to service the majority of its home loans means each member of our team can make a long-term commitment to help every customer beyond the closing of a loan, which is a major differentiator.”
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