"We're going to expand Guild's brand presence nationally, deliver best-in-class marketing tools, technology and support for our sales teams, and infuse a culture of creativity and collaboration across the brand," O'Daniel said in a statement.
California-based Guild, a purchase-focused lender with a distributed retail model, has engaged in mergers and acquisitions to expand its footprint across the country. In the third quarter, the company originated $4.3 billion in mortgages, down 4% compared to the previous quarter. But the lender's gain-on-sale margin rose 22% in the period, and it delivered a $54.2 million net income from July to September, up 47% compared to the previous quarter.
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