Guild Holdings Company has recently released its 10-K report, providing a detailed insight into its financial performance and operations. The company, incorporated in 1960 and headquartered in San Diego, California, operates primarily in the origination and servicing of residential mortgage loans in the United States, with a focus on retail and correspondent channels.
In the 10-K report, Guild Holdings Company highlighted several key financial metrics for the years ending December 31, 2024, and 2023. The company originated $24.0 billion and $15.3 billion of mortgage loans in 2024 and 2023, respectively, with purchase originations accounting for 88.1% and 93.4% of total originations in the same periods. The servicing portfolio as of December 31, 2024, stood at $93.0 billion, reflecting an 8.6% increase from the previous year. Guild also reported net income of $97.1 million in 2024, compared to a net loss of $39.0 million in 2023. Adjusted net income, adjusted EBITDA, and other financial metrics also showed significant improvement in 2024 compared to the previous year.
The report also provided insights into the market and economic overview, noting changes in the Federal Open Market Committee's stance, interest rate trends, and the Mortgage Bankers Association's forecasts for mortgage originations and home sales. Guild's financial statements and related notes in the report detailed the components of revenue, including loan origination fees, gain on sale of loans, net, loan servicing and other fees, and interest income. Additionally, the report outlined the components of expenses, such as salaries, incentive compensation and benefits, general and administrative expenses, and occupancy, equipment, and communication costs.
Furthermore, the report addressed the valuation adjustment of mortgage servicing rights, interest income, interest expense, and other income, net, providing a comprehensive breakdown of the company's financial operations. Guild Holdings Company's 10-K report offers a detailed and transparent overview of its financial condition and results of operations, enabling stakeholders to make informed assessments of the company's performance and prospects. Following these announcements, the company's shares moved 2.5%, and are now trading at a price of $13.43. For the full picture, make sure to review Guild's 10-K report.
