Guild Mortgage Reports Record Volume In Q2 Of 2020 – NMP Skip to main content

Guild Mortgage Reports Record Volume In Q2 Of 2020

Sep 01, 2020
Group of folks celebrating.
Director of Events

Guild Mortgage achieved record total loan volume during both the second quarter and first half of 2020. The total volume includes refinances, purchase loans and customer retention.

Guild Mortgage recorded $14.6 billion of total volume through June 30, 2020, up 69.5% from $8.61 billion in the first half of 2019. Record low mortgage rates drove refinances to $8.03 billion for the first half which is 326.4% higher than the first half of 2019.

"The second quarter brought challenges we’ve never seen before. Fortunately, we were prepared to transition to working from home and a new model for serving our customers since we had been investing in new technology and digital processes for some time,” said Mary Ann McGarry, Guild’s CEO. "Our teams were up to the challenge and everyone has worked extremely hard these last few months. We’ve been able to offer our customers more digital closing options, focus on customer retention and keep more people in their homes."

The company also recaptured $4.84 billion in volume, reaching a refinance recapture rate of 63.5%, a purchase recapture rate of 24.7% and an overall recapture rate of 58.9%. Guild is also celebrating 60 years in the mortgage industry. 

 

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Sep 01, 2020
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac