Guild Mortgage, a mortgage lending company originating and servicing residential loans since 1960, has acquired First Centennial Mortgage, a privately held residential mortgage lender headquartered in Illinois with branches predominantly located in the Midwest.
Brothers Steven and David McCormick founded First Centennial Mortgage in 1995. Family-owned, the company serves customers with an extensive portfolio of mortgage products and services. First Centennial Mortgage recently ranked 64 from the list of top 75 lenders in the United States, according to the 2023 Scotsman Guide Top Mortgage Lenders. The terms of the acquisition were not disclosed.
“We continue to effectively execute our strategy to grow and gain market share through acquisitions where there exists a strong cultural match and the potential for value is present for both parties,” says Terry Schmidt, CEO of Guild. “First Centennial has high-performing local teams with a history of steady growth, and the Guild platform should allow them to accelerate growth and supercharge the good work they are already doing.”
Headquartered in San Diego, Guild Mortgage is a national lender with an established history of offering a comprehensive array of loan products and partnering with government organizations to help deliver the promise of home in every neighborhood and community. Its loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to homebuyers looking for a jumbo loan.
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