Guild Mortgage Appoints Russ Fowlie Executive Vice President of Loan Management

SAN DIEGO – (COMMERCIAL THREAD) –Guild Mortgage (NYSE: GHLD), a rapidly growing mortgage company that has created and managed residential loans since 1960, has appointed Russ Fowlie executive vice president of loan management.

Mr. Fowlie has 25 years of experience in banking and mortgage services, which includes leading operations and initiating and implementing successful business transformation projects. He will oversee the loan administration division of Guild Mortgage, with responsibility for improving the overall customer experience, from customer service to loan default management, optimizing productivity, efficiency, service and compliance. . He will also lead the reporting relationship between Guild investors and government sponsored companies (GSEs), such as Fannie Mae and Freddie Mac.

“Guild is different from most independent lenders in that we handle most of our home loans, which means our client focus isn’t just transactional, it’s about building long-term relationships and relationships. customers for life, ”said Mary Ann McGarry, CEO. “Russ brings invaluable loan management experience and expertise to help Guild continue to grow and evolve the high level of personalized customer service for which we are known. ”

Prior to joining Guild, Mr. Fowlie spent seven years with JPMorgan Chase, where he served as Executive Director of Home Loans, Finance and Compliance. Prior to that, he was Executive Vice President and Director of Mortgage Services for Flagstar Bank, where he managed the financial, regulatory and operational performance of the bank’s residential mortgage services business. He also served as Senior Vice President at Ocwen Loan Services and spent over four years at Ally Financial where he served as Executive Director of Capital Markets and Finance and then Senior Vice President and Chief People Officer of the mortgage service unit. He began his career in mortgage banking at Credit Suisse where he served over a decade and became Vice President. He graduated from Robert Gordon University, Aberdeen, Scotland, with a BA in Business Studies.

“Guild has a history of success over its more than 60 years in business and has created a strong culture of customer service that is admired throughout the mortgage industry,” said Mr. Fowlie. “I am joining at the perfect time to contribute to the continued success of Guild’s service division. We are well positioned to take advantage of the buying-dominated market that MBA, Fannie Mae and Freddie Mac all predict will return in the coming year – a historic force for Guild.

San Diego-based Guild Mortgage is a leading national lender with an established history of developing innovative pilot programs and specialty products in partnership with government organizations to help keep the promise of housing in every neighborhood and community. Its lending professionals can meet the needs of any homebuyer, from helping first-time home buyers, often through government loan programs, to those looking for jumbo loans. Guild also helps active-duty and retired military personnel who qualify for VA loans with 100% funding and flexible qualifying standards. The company is consistently recognized for its impact on the community, its commitment to customer service, its strength in regulatory compliance and its corporate culture.

About the Guild Mortgage

Founded in 1960 as the modern American mortgage industry was forming, Guild Mortgage Society is a nationally recognized independent mortgage lender providing residential mortgage products as well as local in-house origination and service. Guild’s collaborative culture and commitment to diversity and inclusion allow it to deliver a personalized experience to each client. With more than 4,000 employees and more than 200 retail branches, Guild has relationships with credit unions, community banks, and other financial and lending institutions in 48 states and the District of Columbia. Guild’s highly trained credit professionals are experienced in government sponsored programs such as FHA, VA, USDA, down payment assistance programs, and other specialty loan programs. Its shares are listed on the New York Stock Exchange under the symbol GHLD.

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