Guild Mortgage Names David Battany as EVP of Capital Markets; Former PennyMac and Fannie Mae Executive Joins May 15
SAN DIEGO, Calif.--(BUSINESS WIRE)-- Guild Mortgage Co., one of the fastest-growing independent mortgage banking companies in the U.S., has named David Battany as its new executive vice president of capital markets.
Battany has more than 30 years of experience in the mortgage industry. He was vice president of product strategy for PennyMac (NYSE: PFSI) for the past two years and previously served in leadership positions with Fannie Mae for 12 years.
Mary Ann McGarry, Guild president and CEO, said the addition of Battany fits with Guild’s long-term growth strategy to develop new products and expand in existing markets as well as new markets across the nation. He joins Guild on May 15.
“David’s long experience with strategic product development, with trading and hedging, combined with his intelligence, thoughtful approach to strategy, and strong ethics all make him right for Guild,” said McGarry. “We are excited that he has decided to join us in this new position as EVP of capital markets and lead Guild into new areas of growth.”
At PennyMac, the largest non-bank correspondent lender in the country, Battany was responsible for relationships with Fannie Mae, Freddie Mac and other government agencies, mortgage insurance companies and trade associations. He led new product strategies and successfully implemented 12 major new products to support company retail and corporate business objectives.
At Fannie Mae, Battany was most recently its director of single-family business and managed lender relationships. He has been active in industry organizations, including serving on the boards of the Mortgage Bankers Association and the California Mortgage Bankers Association.
“In addition to being impressed with their rapid growth the past few years, I was attracted to the quality of the people and culture at Guild,” said Battany. “They have a customer service culture that resonates throughout the organization. This has helped them grow, even during a year when the industry declined by some 40 percent. Their focus on purchase mortgages is also a key to their success and stability.”
Guild closed $1.27 billion in mortgages for March 2015, the first time it has closed more than $1 billion in mortgages in any single month. Its 2015 first quarter total of $2.85 billion was the highest quarter in its history, up 132 percent from the $1.28 billion recorded in the first quarter of 2014.
The strong quarter follows record results for Guild in 2014. Volume reached $7.4 billion, up from $7.0 billion in 2013. Servicing reached $17 billion in 2014, up 30.1 percent from $13 billion in 2013. Guild was also stronger in purchase loans, with 83 percent of loans originated, versus 57 percent for the industry.
Guild offers a traditional range of residential mortgage products and funds most of its loans, which provides consistency and also speeds approvals. Its loan professionals can serve the needs of any homebuyer, from helping first-time homebuyers achieve their dreams of home ownership, often through government loan programs, to providing jumbo loans and construction loans to permanent loans through its relationship with Mutual of Omaha Bank.
About Guild Mortgage
Guild Mortgage Co. was founded in 1960 as a home financing company for American Housing Guild in San Diego, California. Guild broadened its range of services in 1972 by including resale mortgage financing. After decades of successful innovation and growth, Guild Mortgage Co. is now one of the fastest growing independent mortgage banking companies in the U.S. with more than 250 branch and satellite offices in 26 states and is licensed and approved to do business in 36 states. Guild generated loan volume of $7.4 billion and servicing volume of $17 billion in 2014 (Equal Housing Lender- Company NMLS #3274).
Source: Guild Mortgage Co.
Released April 15, 2015