Earnings release
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August 11 , 2021 Guild mortgage Guild Holdings Company Reports Second Quarter 2021 Results - Generated Originations of $ 18 Billion Year - To - Date , up 23 % Year - Over - Year- - Net Income of $ 170 Million Year - To - Date , Representing a 54 % Increase Year - Over - Year- - Adjusted Net Income and Adjusted EBITDA of $ 52 Million and $ 75 Million , Respectively - - Results Reinforce Resilient and Differentiated Business Model - - Paid $ 1.00 Special Cash Dividend Per Share - - Closed Acquisition of Residential Mortgage Services , Inc. Subsequent to Quarter End - SAN DIEGO -- ( BUSINESS WIRE ) -- Guild Holdings Company ( NYSE : GHLD ) ( " Guild " or the " Company " ) , a growth - oriented mortgage company that employs a relationship - based loan sourcing strategy to execute on its mission of delivering the promise of homeownership , today announced results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Year - Over - Year Highlights • Total funded originations of $ 8.2 billion compared to $ 8.8 billion • Net revenue of $ 294.1 million compared to $ 435.1 million • Net income of $ 8.9 million compared to $ 123.0 million • Purchase originations represented $ 4.9 billion , or 59 % of overall loan volume • Adjusted EBITDA of $ 74.9 million compared to $ 243.5 million Year - To - Date 2021 Highlights • Total funded originations of $ 17.9 billion , up 23 % from 2020 • Net revenue of $ 820.3 million , representing a 36 % increase from 2020 • Net income of $ 169.5 million , up from $ 110.0 million in 2020 • Adjusted net income and Adjusted EBITDA down 33 % year - over - year to $ 158.7 million and $ 219.2 million , respectively • Return on equity of 42.8 % and adjusted return on equity of 40.1 % year - over - year " I am proud that our team delivered originations of $ 8.2 billion during the second quarter . Originations increased 23 % year - over - year and we reported adjusted net income of $ 158.7 million for the first half of 2021. Given the market dynamics and lingering uncertainty in the industry , we believe the resilience of our earnings demonstrates the efficacy of our differentiated business model focused on purchase lending , " stated Mary Ann McGarry ,