Guild Mortgage continues its expansion efforts, announcing a new district in California made up of eight branches.
The branches have 40 new Guild employees, led by district manager John Lowe, who will report to regional vice president Mike Ferreira.
“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,” said Lowe.
“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.”
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 has also joined, along with six transaction coordinators and four processors.
Twenty high-performing loan officers are part of the team. In total, the group’s annual production amounts to more than $350 million.
“While this was an organic move for the team, the size and annual production of this group… is equal to that of a mini acquisition,” said Ferreira.
“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.”
San Diego-based Guild Mortgage is a nationally recognized independent mortgage lender providing residential mortgage products and local in-house origination and servicing. Its 2022 originations in California totaled $1.9 billion. The company has about 4,000 employees across 300 branches in 49 states.
The lender has committed to expansion despite the market downturn. In the last few months, it has acquired Colorado-based Cherry Creek Mortgage, Wisconsin-based Inlanta Mortgage, and New Mexico-based Legacy Mortgage.
Guild’s CEO Mary Ann McGarry, champion of the lender’s growth mindset, is retiring this June after 40 years in the industry.
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