Road entering Oregon State
6/12/2018

Guild Mortgage Expands in Oregon with Opening of New McMinnville Branch

Oregon’s Leading Purchase Lender Continues Growth in Pacific Northwest; Senior Loan Officer Steve Myers and Team Transfer from Guild’s Branch in Newberg McMinnville, Ore. Guild Mortgage, one of the largest independent mortgage lenders in the U.S., has expanded its presence in Oregon with the opening of a new branch in McMinnville. The McMinnville team is led by senior loan officer Steve Myers (NMLS #113523) and includes loan officers Jennifer Dietz (NMLS #1132406) and Mary Grundon (NMLS #1381455). The trio has more than 80 years of combined experience in the mortgage industry and has been serving homebuyers in Yamhill County for decades. They previously worked out of Guild’s branch in Newberg. “Since we joined Guild Mortgage almost four years ago, we have been able to offer a wider range of loan options and programs to more homebuyers in the Willamette Valley,” Myers said. “Based on our continued growth, we felt the timing was right to open a new office in Yamhill County. Our location in the heart of McMinnville will allow us to be closer to so many of our customers in the area. We look forward to doing business with our neighbors and those new to Oregon wine country.” Guild’s new branch is located at 1945 NE Baker St. in McMinnville, close to the historic downtown’s shopping district. Myers and his team give back to the community by supporting the Montessori School of McMinnville and Beaverton, Pacific University, the Celebrate Recovery Program, the Verboort Sausage Festival and auction and the Visitation School. Strong demand and low inventories have continued to drive up housing prices in the greater metro Portland area heading into the selling season. The average price of homes sold in the 12 months ending April 30 of this year was $435,800, an increase of 7.5 percent when compared with the average price of homes in the 12 months ending April 2017 ($406,400), according to Regional Multiple Listing Service, Inc. (RMLS™) data for the April 2018 reporting period. The median sales price of homes in McMinnville is currently $320,000. Guild Mortgage has 32 branches and satellite offices in Oregon and has recently added a new branch in Oregon City and expanded its team in Salem. It is the leading purchase loan lender in the state, according to industry statistics. Guild continues to expand in the Northwest, ranking No. 1 in Portland and Salem and No. 4 in Seattle/Tacoma. Overall, Guild achieved records in purchase loan and servicing volumes in 2017, while reaching near-record overall loan volume of $15.94 billion for the year. Since 2010 (when loan volume was $4.1 billion), Guild has grown almost four-fold, expanding from its base in the West to the Southwest, Southeast, South and Midwest. Guild Mortgage is headquartered in San Diego, Calif. and has more than 4,000 employees with 344 branch and satellite offices in 29 states. The company’s growth over the past several years has been among the highest in the industry and Guild is consistently recognized for its impact in the communities it serves, commitment to customer service and workplace culture. A top-10 national lender by purchase loan volume, Guild offers first-time homebuyers a wide range of loan options and personalized service. Its loan professionals can serve the needs of any homebuyer, from helping first-time homebuyers achieve homeownership, often through government loan programs, to homebuyers looking to upgrade with a jumbo loan. Guild also specializes in helping active duty and retired military personnel to secure VA loans, with 100 percent financing and flexible qualifying standards.

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About the Author: Guild Mortgage

Founded in 1960 when the modern U.S. mortgage industry was just forming, Guild Mortgage Company is a nationally recognized independent mortgage lender offering pilot and niche residential mortgage products and local in-house processing, underwriting and funding. Its collegial and entrepreneurial culture enables it to deliver personalized customer service. Having been through every economic cycle, the company has grown almost 20-fold since 2007, when it first reached $1 billion in production, to $21.71 billion in total loan volume in 2019. It now has nearly 4,000 employees and 222 retail branches in 30 states. Guild’s highly trained loan professionals are experienced in government-sponsored programs such as FHA, VA, USDA, down payment assistance programs and other specialized loan programs. In addition, Guild services more than 237,000 loans, which totaled $49.43 billion as of December 31, 2019. It has correspondent banking relationships with credit unions and community banks in 43 states and services loans in 47 states. (Equal Housing Lender-Company NMLS #3274).