San Diego-headquartered Guild Mortgage (NYSE: GHLD), added a new district consisting of eight branch offices and 40 employees who were formerly with Fairway Independent Mortgage.
John Lowe, formerly senior vice president and division manager at Fairway, has been named district manager of the new district; he will report to Guild Regional Vice President Mike Ferreira. The new branches are based in Auburn, Corvallis, Folsom, Gardnerville, Riverside, Santa Rosa, Vacaville and Yuba City – with this addition, Guild now has roughly 4,000 employees and 300 branches serving customers in 49 states.
“Guild’s reputation and history of stability were a major draw for our group, giving us the confidence to make the move, become part of one of the best organizations in the industry and continue to build on the success we’ve achieved together,” said Lowe. “Guild’s business model and ability to service the majority of its home loans means each member of our team can make a long-term commitment to help every customer beyond the closing of a loan, which is a major differentiator.”
“We welcome John Lowe and his team and are gratified they selected Guild to continue to serve their customers and meet the needs of new homebuyers,” said Ferreira. “While this was an organic move for the team, the size and annual production of this group – coming in at more than $350 million – is equal to that of a mini acquisition. A shift this large speaks volumes about the quality of John’s leadership and is a direct reflection of the trust and loyalty he has earned from this group; something we know will continue to prosper here at Guild.”