Guild Mortgage, a mortgage company that originates and services residential loans, has increased its Southwest presence with the acquisition of Legacy Mortgage, an independent New Mexico-based lender.
Legacy Mortgage was founded in Albuquerque in 2002. Jack Thompson joined Legacy in 2006 as co-owner and CEO/president and grew the company to be a leading presence in New Mexico. Thompson purchased the company in 2006.
Legacy will become part of Guild’s Southwest region. Terms of the acquisition were not disclosed.
Legacy is well-respected for its market leadership and community involvement, with 13 branches in four states (Arizona, Colorado, New Mexico and Texas), and it offers a wide range of purchase and refinance loan options.
“This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” says Mary Ann McGarry, Guild’s CEO. “We are pleased to further grow Guild’s presence in the high-growth Southwest region of the country, and the Legacy Mortgage culture aligns well with what we’ve developed at Guild over more than 60 years.”
“By joining Guild, the Legacy Mortgage team can offer borrowers a broader range of purchase and refinance loan options, including FHA, VA, USDA, down payment assistance programs and other specialized loan programs,” says Thompson. “Clients will also benefit from access to new digital and customer relationship tools that improve every step in the lending experience, including servicing, a Guild strength for decades.”