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Tag Archives: Guild Mortgage

Guild Mortgage Welcomes Gabe Minton as EVP, Information Technology

Guild Mortgage, a large independent mortgage lender with offices in 25 states, welcomes experienced mortgage technology professional Gabe Minton to its leadership team as EVP of information technology. Minton brings to his new role more than 25 years of experience spanning the realms of strategy, software development, vendor relations, and communications. "I am pleased to be joining Guild as it enters a new era of technology innovation with MyMortgage and other IT platforms and applications to improve the experience for every customer, employee, partner and supplier that we work with throughout the entire mortgage lending process,” Minton said.

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Lower Down Payments Make Homeownership More Accessible

Although some recent reports are saying that homeownership is struggling, newer “super low down” loans are beginning to become more popular with millennials. It is estimated that, on average, it takes young people nearly a decade to save for a traditional 20 percent downpayment. In response, some lenders are implementing 3 percent equity mortgages.

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Lender Under Fire for FHA Mortgage Practices

Guild Mortgage faces federal charges of improper origination and underwriting practices on its FHA-backed loans. The suit was filed by the U.S. District Court for the District of Columbia and announced by HUD and Urban Development this morning.

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