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Stock impact report

Guild Mortgage Strategically Expands with Acquisition of Academy Mortgage

Guild Holdings Company Class A (GHLD) 
Company Research Source: Business Wire
National Lender Brings approximately 200 Branches and 1,000+ Team Members to Guild’s Retail Channel; Guild to become 8th largest non-bank retail mortgage lender with 25% increase to origination volume SAN DIEGO--(BUSINESS WIRE)--Guild Mortgage (NYSE: GHLD), a growth-oriented mortgage lending company originating and servicing residential loans since 1960, has agreed to acquire the retail lending assets of Academy Mortgage Corporation, a privately held Utah-based lender. Academy boasts approximately 200 branches and more than 1,000 employees who will transition to Guild, including more than 600 licensed mortgage originators.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240213073869/en/The addition of Academy Mortgage will extend Guild’s market share across its national footprint. Academy’s loan volume represents an approximate 25% increase in annual origination volume for Guild, based on results from both organizations th Show less Read more
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