Deal extends Guild's reach in the Southwest region
Guild Mortgage has acquired New Mexico-based lender Legacy Mortgage. The acquisition expands Guild’s footprint in the Southwest region.
Founded in 2022, Legacy Mortgage has 13 branches in four states (Arizona, Colorado, New Mexico, and Texas) and offers a wide range of purchase and refinance loan options. Jack Thompson joined Legacy in 2006 as CEO and president and bought the company later that year.
While the companies did not disclose the deal’s financial terms, Guild CEO Mary Ann McGarry said the move is part of the company’s plan to grow both in existing markets and enter new ones with selective acquisitions of like-minded lenders.
“Legacy Mortgage recently celebrated its 20-year anniversary of providing home financing, and our team has always admired the company’s commitment to its employees and customers,” McGarry continued. “We are pleased to further grow Guild’s presence in the high-growth Southwest region of the country, and the Legacy Mortgage culture aligns well with what we’ve developed at Guild over more than 60 years. Our combined strengths will drive further growth throughout the Southwest.”
The San Diego-headquartered company snapped up Inlanta Mortgage in December, saving the financially struggling lender from an abrupt shutdown.
Inlanta Mortgage founder John Knowlton commented: “In joining Guild, we can offer our Midwest borrowers a broader array of loan options and access to new digital and customer relationship tools to improve every step in the lending experience, including servicing, a Guild strength. Our combined resources and customer service cultures will drive future growth throughout the region.”
“By joining Guild, the Legacy Mortgage team can offer borrowers a broader range of purchase and refinance loan options, including FHA, VA, USDA, down payment assistance programs and other specialized loan programs,” Thompson said. “Clients will also benefit from access to new digital and customer relationship tools that improve every step in the lending experience, including servicing, a Guild strength for decades.”
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