Skip to main content

Guild Mortgage Earns Fourth Straight STAR Performer Recognition

May 06, 2021
Guild Mortgage Logo
Director of Events

Guild Mortgage a mortgage lending company originating and servicing residential loans since 1960, earned a Servicer Total Achievement and Rewards™ (STAR™) performer recognition from Fannie Mae. Guild received recognition in the General Servicing category for the 2020 STAR Program year, earning the distinction for the fourth consecutive year.

“The year 2020 was remarkable for many reasons,” said Mary Ann McGarry, CEO of Guild Mortgage. “We were able to help thousands of families refinance their mortgage, while providing forbearances or other options to those experiencing financial hardships. Despite the many challenges we all faced, we had an opportunity to be there for our customers when they needed us most. We helped keep thousands of people in their homes in the last year, and for that, everyone at Guild can be proud.”

Initiated in 2011, the STAR Program is a performance management and recognition program that defines industry standards and leading practices. It seeks to understand and communicate best practices across the servicing community, provide a consistent methodology for measuring servicer performance, and identify and recognize Fannie Mae’s highest-performing servicers.

Guild generated a record $35.3 billion in origination volume in 2020, up 61% from 2019. The company’s in-house servicing portfolio grew 22% year-over-year to $60.0 billion in the fourth quarter of 2020, with Guild retaining servicing rights of 90.4% for total loans sold.

Through partnerships with government organizations like Fannie Mae, Guild has worked to introduce unique low-down payment and first-time homebuyer loan programs.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
May 06, 2021
Co-Founder Mat Grella Terminated From NEXA After Buyout Disagreement

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024