Guild Holdings Co Stock Price, News & Analysis

Guild Mortgage has appointed Russ Fowlie as executive vice president of loan servicing, bringing 25 years of mortgage banking experience. Fowlie will enhance customer service and manage relationships with government-sponsored enterprises like Fannie Mae and Freddie Mac. Guild Mortgage, based in San Diego and trading under the symbol GHLD, has a strong culture of customer service and aims to capitalize on the anticipated purchase-dominated market. With over 4,000 employees, Guild offers various loan products, including VA loans for military personnel.

Guild Mortgage (NYSE: GHLD) was named the highest in customer satisfaction for primary mortgage origination in the J.D. Power 2021 study, scoring 884 points out of 1,000. The company also ranked first in categories including Application and Approval and Communication. The results were based on responses from over 5,400 customers and show a 35-point increase in overall satisfaction from 2020. Guild's dedication to training and technology has strengthened its relationships with clients and fostered growth throughout the U.S.

Guild Holdings Company (NYSE: GHLD) reported third quarter results for 2021, achieving total in-house originations of $10 billion, matching last year's performance. However, net income fell 60% year-over-year to $72.1 million, and net revenue decreased 27% to $413 million. Adjusted net income and EBITDA also dropped significantly, with declines of 60% and 59% respectively. The company declared a special cash dividend of $1.00 per share, set for distribution on December 8, 2021. Guild's focus on purchase loans continues, with purchase originations comprising 61% of total volume.

Guild Holdings Company (NYSE: GHLD) will announce its third-quarter financial results after the market closes on November 10, 2021. The company is known for its relationship-based loan sourcing strategy aimed at promoting homeownership across the United States. A conference call and webcast will be held at 5 p.m. EST on the same day to discuss the results. Investors and interested parties can access the call via the Guild Holdings Investor Relations website or through direct dial-in numbers.

Guild Mortgage has launched a new mortgage initiative aimed at helping medical professionals achieve homeownership with zero down payment and fast-tracked financing. Qualified applicants can access loans up to $850,000 without mortgage insurance, excluding student debt from their debt-to-income ratio. This program targets new graduates and professionals in various medical fields, requiring a minimum credit score of 700 and a debt-to-income ratio of no more than 43%. Guild's CEO emphasized the initiative as a way to support medical heroes in their early careers.

Guild Holdings Company (NYSE: GHLD) reported Q2 2021 results, showing total funded originations of $8.2 billion, a decrease from $8.8 billion year-over-year. Net revenue fell to $294.1 million from $435.1 million, and net income declined by 93% to $8.9 million. Year-to-date, total originations reached $17.9 billion, up 23% compared to 2020, while net revenue increased 36% to $820.3 million. The company maintained a strong cash position of $322.0 million as of June 30, 2021, and recently acquired Residential Mortgage Services, Inc.

Guild Holdings Company (NYSE: GHLD) announced the release of its second-quarter financial results for the period ending June 30, 2021, scheduled for after market close on August 11, 2021. A conference call will be held at 5 p.m. EDT on the same day to discuss these results. Investors can access the live webcast at Guild's Investor Relations website. The company focuses on a relationship-based mortgage sourcing strategy and operates in 32 states across the U.S., emphasizing its commitment to homeownership.

Guild Holdings Company (NYSE: GHLD) reported strong first quarter results for 2021, achieving a net income of $160.6 million versus a loss of $13 million last year. Total in-house originations reached $9.8 billion, reflecting a year-over-year growth of 70%. The company’s adjusted EBITDA rose to $144.3 million, a 76% increase year-over-year. A special cash dividend of $1.00 per share was declared, scheduled for payment on May 28, 2021. Additionally, Guild announced an agreement to acquire Residential Mortgage Services, expected to be accretive to earnings in 2021.