Home NTXAMP News Guild Mortgage Making Acquisition A mortgage banking firm in the Midwest that generates a billion dollars in loan production annually is being acquired by Guild Mortgage Co. San Diego-based Guild issued an announcement Thursday indicating that it has reached an agreement to acquire cornerstone mortgage Inc.
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Guild Mortgage Acquiring Cornerstone Mortgage, St. Louis-Based Firm with 19 Offices in Three States. "We are confident that we will achieve significant growth and gain market share in the Midwest because of the quality of the Cornerstone people and their entrepreneurial spirit, which matches ours," said McGarry.
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Cornerstone has 19 branches and more than 200 employees in Missouri, Illinois and Kansas. The acquisition will give Guild a major presence in Missouri. Cornerstone has been No. 2 in mortgage volume in St. Louis the past three years, according to media surveys. The acquisition is expected to close by March 1, 2018.
Guild Mortgage seeks midwest growth with new acquisition. guild mortgage has entered an agreement to acquire Cornerstone Mortgage, a move the company says is part of its strategy to acquire firms with a strong presence in new markets. With Cornerstone’s 19 branches and more than 200 employees across Missouri, Illinois, and Kansas,
Guild expands in the Midwest by acquiring Cornerstone Mortgage Guild Mortgage is adding to its Midwestern mortgage origination operations through the acquisition of Cornerstone Mortgage of St. Louis.
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Guild Mortgage, a lender based in San Diego, is expanding into the Midwest. The lender has opened branches in the North Dakota cities of Bismarck, Dickinson and Minot, and is planning to open a fourth office in the city of Hazen. It’s part of a broader geographic expansion by Guild, which in recent.
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