Guild Mortgage Ranked One of San Diego’s Fastest Growing Private Companies
Largest company featured in San Diego Business Journal’s annual rankings
SAN DIEGO – Guild Mortgage, one of the largest independent mortgage lenders in the U.S., has been named as one of the San Diego Business Journal’s Fastest Growing Private Companies for 2017, marking its third appearance on the list in the past four years.
Guild ranked No. 49 with revenue growth of 121.7 percent from 2014-16 ($358.8 million to $795.5 million). Guild was the largest of the 100 companies to be featured on the list based on total revenue in 2016. The company was ranked No. 90 on the list in 2016 and No. 41 in 2014.
Guild is one of three companies listed maintaining high energy and entrepreneurial momentum with more than five decades of continuous operation, and the only financial services company in this cluster of early innovators; the remaining 97 companies on the list were established in the 1980s or after. Born in a trailer in 1960, Guild has grown from one office in San Diego to more than 3,600 employees operating from 250 branch and satellite offices in 25 states today.
“Our continuing growth results from our focus on customer service and the entrepreneurial spirit of our people,” said Mary Ann McGarry, Guild’s president and CEO. “This has helped us succeed in delivering on our mission to offer a wide array of options and to help first-time homebuyers make the transition to homeownership.”
Powered by a nearly 50 percent jump in purchase loan volume the second quarter, Guild Mortgage reported a record overall loan volume of $7.3 billion for the first half of 2017. That total was up 7.1 percent from $6.8 billion in the same period of 2016.
Purchase loans totaled $3.5 billion in the second quarter of 2017, also a Guild record. The previous record was $3.1 billion in the third quarter of 2015. Total purchase loan volume for the first half of 2017 was $5.9 billion, up 23.1 percent from $4.8 billion in the first two quarters of 2016. Purchase loans accounted for 81 percent of all Guild loans in the first half of the year, vs. 70.5 percent in 2016.
To be considered one of the SDBJ’s “Fastest Growing” companies, organizations were required to be in business for the entire year of 2014 (the first year of the comparison) and have generated more than $350,000 in revenues. Businesses were also required to be San Diego County-based, independent and privately held; and not a division or subsidiary of another organization, public or private. The publication reviewed financial details of each organization’s business operations in 2014, 2015 and 2016.
Guild offers first-time homebuyers a wide range of loan options and personalized service. The company is consistently among the top independent mortgage lenders in the U.S. in terms of purchase loans. Its loan professionals can serve the needs of any homebuyer, from helping first-time homebuyers achieve home ownership, often through government loan programs, to jumbo home loans. Guild also specializes in helping active duty and retired military personnel to secure VA loans, with 100-percent financing and flexible qualifying standards.