Jim Cory noted that Guild Mortgage's emphasis on reverse mortgages has led to significant investments post-acquisition, strengthening their commitment to this growing niche market.
CEO Terry Schmidt highlighted at a recent event that the company's existing mortgage customers are aging into the demographic that qualifies for Home Equity Conversion Mortgages, indicating a promising opportunity.
Cory emphasized Guild's strategic focus on nurturing long-term relationships with customers by servicing both traditional and reverse loans, aligning with their 'customer for life' philosophy.
The acquisition of Cherry Creek Mortgage's reverse mortgage division has empowered Guild to enhance its product offerings and confidently navigate the evolving reverse mortgage landscape.
#reverse-mortgages #guild-mortgage #home-equity-conversion-mortgage #financial-products #market-growth
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