Guild Mortgage Co. has completed the acquisition of Liberty Financial Group, a Bellevue, Wash.-based residential mortgage bank. Liberty annually originates close to $1 billion of prime home loans through its network of branches located predominately in Washington and Colorado.
Guild Mortgage Co. was acquired in 2007 through a partnership formed with the senior management of Guild Mortgage and McCarthy Capital.
‘We believe there are substantial opportunities in particular markets to acquire high-quality residential mortgage originators and mortgage servicing portfolios,’ notes Robert Myers, a partner at McCarthy Capital.
Sources: Guild Mortgage Co., Liberty Financial Group