Business ProfileforGuild Mortgage Company
Current Alerts For This Business
On October 20, 2020, Guild Mortgage Company LLC entered into a settlement agreement with the U.S. Department of Justice, on behalf of the U.S. Department of Housing and Urban Development. The settlement resolves allegations that the business violated the False Claims Act and common law by knowingly approving ineligible loans that later defaulted and resulted in claims to the Federal Housing Administration for mortgage insurance, failed to comply with material program rules that require lenders to maintain quality control programs to prevent and correct underwriting deficiencies, and failed to self-report materially deficient loans that it identified.
Under the terms of the settlement, the business agreed to pay the United States $24.9 million to resolve the above-mentioned allegations without an admission of liability.
The agreement was for settlement purposes only and the claims asserted against the business were allegations only. There was no determination of liability. For more details, go to https://www.justice.gov/
At-a-glance
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Related Categories
Overview
Business Details
This is a multi-location business.
- Headquarters
- 5887 Copley Dr, San Diego, CA 92111-7906
- BBB File Opened:
- 7/18/2001
- Years in Business:
- 64
- Business Started:
- 8/10/1960
- Business Incorporated:
- 8/10/1960
- Accredited Since:
- 1/20/2016
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Type of Entity:
- Corporation
- Alternate Business Name
- San Diego Mortgage Network
- Business Management
- Mrs. Catherine Blocker, Executive VP
- Mrs. Lisa I Klika, SVP, Chief Compliance Officer
- Ms. Mary Ann McGarry, CEO
- Mr. Terry L Schmidt, President
- Mr. James H Madsen, Executive VP
- Mr. Michael M Rish, Senior VP
- Ms. Linda S Scott, Senior VP
- Ms. Theresa A Cherry, Senior VP
- Ms. Desiree A Elwell, CFO
- Mr. David H Battany, Executive VP
- Mr. David M Neylan, COO
- Mr. Conrad Olson, Communications Manager
- Contact Information
Principal
- Mrs. Catherine Blocker, Executive VP
- Mrs. Lisa I Klika, SVP, Chief Compliance Officer
- Ms. Mary Ann McGarry, CEO
- Mr. Terry L Schmidt, President
- Mr. James H Madsen, Executive VP
- Mr. Michael M Rish, Senior VP
- Ms. Linda S Scott, Senior VP
- Ms. Theresa A Cherry, Senior VP
- Ms. Desiree A Elwell, CFO
- Mr. David H Battany, Executive VP
- Mr. David M Neylan, COO
Customer Contact
- Ms. Mary Ann McGarry, CEO
- Additional Contact Information
Fax Numbers
- (858) 627-3678Primary Fax
Phone Numbers
- (858) 560-6330Other Phone
- (714) 965-0678Other Phone
Email Addresses
- Primary
- Sales
Website Addresses
- (858) 627-3678
Customer Complaints
0 Customer Complaints
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