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Guild Mortgage Continues Expansion With Acquisition of Comstock Mortgage

NationalMortgageProfessional.com
Sep 22, 2014

Guild Mortgage has announced the acquisition of Comstock Mortgage, a Sacramento, Calif.-based independent mortgage banking company with 15 offices, more than 180 loan officers and support staff and $600 million in originations in 2013. The acquisition is part of Guild’s plan to grow through acquisition, adding branches in its existing markets and preserving its customer service culture with experienced, top producers with established relationships. From 2010 to 2013, Guild has grown from its western base into the Southeast and Southwest, increasing its number of branches and satellite offices from 75 to more than 200. Loan volume in the same period moved to $7 billion from $4.1 billion. Servicing volume more than doubled, from $6.4 billion to $13 billion. As part of the Comstock acquisition, Jeff Tarbell will join Guild as regional manager, leading the branches under the new Comstock Division of Guild Mortgage. Tarbell has been chairman of the board of Comstock and its broker of record for the last three years. He brings to Guild 23 years of experience in the mortgage industry. “When we began meeting earlier this year, both companies felt right away that we had a culture match, a close alignment of philosophy and goals for the future, and that Comstock and Guild could be a wonderful combination,” said Mary Ann McGarry, Guild’s president and CEO. “We have complementary strengths. Comstock brings an experienced, vibrant production team, with established relationships and expertise, and an earned reputation for knowledge, creativity, drive, and results. Guild brings depth of knowledge in support of sales, offering tools, technology, and a broad array of product options.”
Published
Sep 22, 2014