Financial Data and Key Metrics Changes - In Q1 2025, the company achieved total loan originations of $5.2 billion, a 35% increase year-over-year from $3.9 billion in Q1 2024 [4][13] - Adjusted EBITDA was reported at $36.4 million, with adjusted net income of $21.6 million, showcasing the effectiveness of the company's growth strategy [4][13] - The net loss attributable to the company was $24 million, compared to a net income of $28 million in the prior year [13][15] Business Line Data and Key Metrics Changes - The origination segment saw a net loss of $3 million, an improvement from a net loss of $24 million in the prior year [13][15] - The servicing portfolio grew to $94 billion, although it reported a net loss of $5 million due to a downward valuation adjustment of $70 million [15][16] - Gain on sale margin for funded originations was 376 basis points, up from 364 basis points in the prior year [14] Market Data and Key Metrics Changes - The company noted a significant increase in loan officer productivity, with Guild loan officers averaging 30% more productivity than the industry average [10][38] - The company is focusing on capturing market share, particularly in the purchase business, which remains a significant opportunity [8][32] Company Strategy and Development Direction - The company aims to leverage its balanced business model and brand strength to drive growth, focusing on market share gains, operational efficiencies, and new product development [7][8] - The strategy includes a continued emphasis on organic growth and opportunistic acquisitions, with a disciplined approach to increasing productivity [12][38] - The company is well-positioned to navigate market volatility and capitalize on opportunities as they arise [8][18] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the peak spring and summer home purchase market, highlighting strong early results [11][12] - The company anticipates continued market volatility but believes its business model is adaptable to various market conditions [8][18] - Management emphasized the importance of local presence and trust in customer relationships, particularly for first-time homebuyers [32] Other Important Information - The company repurchased approximately 35,000 shares at an average price of $12.94 per share during the first quarter [17] - A special cash dividend of $0.50 per share was declared and paid on the company's common stock [17] Q&A Session Summary Question: Amortization expense on MSR and modeling going forward - Management noted that prepayments were down quarter-over-quarter, impacting the amortization expense [21][22] Question: Impact of ROCCAT acquisition of Redfin and Mr. Cooper - Management stated that they are focused on engaging customers earlier in the process and emphasized the importance of local presence [30][32] Question: Thoughts on growth going forward, organic vs. acquisition - Management indicated that organic growth has been stronger than M&A in the first half of the year, but both avenues are being pursued [36][38] Question: Loan officer compensation rules and impact on margins - Management confirmed that there have been no changes to loan officer compensation and that they will comply with new regulations [42][43] Question: Home prices and tariffs effect on housing values - Management stated that the impact of tariffs on construction costs is still uncertain, but home values have remained stable in some markets [44][45]

Financial Data and Key Metrics Changes - In Q1 2025, the company achieved total loan originations of $5.2 billion, a 35% increase year-over-year from $3.9 billion in Q1 2024, but a decrease from $6.7 billion in Q4 2024 [12] - Net revenue for Q1 2025 was $198 million, down from $232 million in the prior year and $373 million in the previous quarter [12] - The company reported a net loss of $24 million in Q1 2025, compared to a net income of $28 million in Q1 2024 and a net income of $98 million in Q4 2024 [12] - Adjusted net income was $22 million, or $0.35 per diluted share, with adjusted EBITDA at $36 million [12] Business Line Data and Key Metrics Changes - The origination segment saw a net loss of $3 million in Q1 2025, an improvement from a net loss of $24 million in the prior year [12] - The gain on sale margin for Q1 2025 was 376 basis points, up from 364 basis points in Q1 2024 and 317 basis points in Q4 2024 [13] - The servicing portfolio grew to $94 billion, but the segment reported a net loss of $5 million compared to a net income of $84 million in the prior year [14] Market Data and Key Metrics Changes - The company has more than doubled its loan officer headcount since the end of 2020, contributing to its growth in originations [4] - The company is seeing strong early results in serving first-time homebuyers through educational events across major markets in the U.S. [10] Company Strategy and Development Direction - The company focuses on a balanced business model, emphasizing market share gains, operational efficiencies, and organic growth through recruiting and acquisitions [5][7] - The strategy includes leveraging a servicing book for stability and cash flow, and pursuing opportunistic acquisitions [5][6] - The company aims to capitalize on market volatility while maintaining a disciplined approach to growth [7] Management's Comments on Operating Environment and Future Outlook - Management anticipates continued market volatility but believes the company is well-positioned for success due to its durable business model [5][7] - The outlook for the peak spring and summer home purchase market is cautiously optimistic, with a focus on community-driven origination teams [10] - Management remains confident in the company's strategic direction despite market challenges [11] Other Important Information - As of March 31, cash and cash equivalents totaled $112 million, with unutilized loan funding capacity at $1.5 billion [15] - The company repurchased approximately 35,000 shares at an average price of $12.94 per share during Q1 2025 [16] - A special cash dividend of $0.50 per share was declared and paid during the quarter [16] Q&A Session Summary Question: Amortization expense on the MSR - The amortization expense was down sharply, attributed to lower prepayments and a service release percentage of 40% [19][21] Question: Impact of ROCCAT acquisition of Redfin and Mr. Cooper - The company is focused on engaging customers earlier in the process and believes its local presence and expertise remain strong [28][30] Question: Growth outlook for organic vs. acquisition - The company is seeing stronger organic growth compared to M&A in the first half of the year, with a strong brand presence aiding both strategies [33][35] Question: Loan officer compensation rules - The company has not changed its loan officer compensation and does not foresee significant impacts from regulatory changes [40][42] Question: Home prices and tariffs impact - The company is monitoring the effects of tariffs on construction costs and home values, but does not expect significant impacts on volume [43][44]

Exhibit 99.1 GUILD HOLDINGS COMPANY REPORTS FIRST QUARTER 2025 RESULTS SAN DIEGO, California – May 7, 2025 – 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 first quarter ended March 31, 2025. "We are pleased to report first-quarter results that highlight our consistent momentum and balanced business ...

Core Viewpoint - Guild Holdings Company (GHLD) is currently viewed as a better value opportunity compared to Moody's (MCO) based on various financial metrics and analyst outlooks [1]. Valuation Metrics - GHLD has a forward P/E ratio of 8.23, significantly lower than MCO's forward P/E of 32.19, indicating that GHLD may be undervalued [5]. - The PEG ratio for GHLD is 0.77, while MCO's PEG ratio stands at 2.58, suggesting that GHLD has a more favorable earnings growth outlook relative to its valuation [5]. - GHLD's P/B ratio is 0.65, contrasting sharply with MCO's P/B ratio of 20.51, further supporting the argument that GHLD is undervalued [6]. Analyst Outlook - GHLD holds a Zacks Rank of 2 (Buy), reflecting a positive earnings estimate revision trend, while MCO has a Zacks Rank of 3 (Hold), indicating a less favorable outlook [3]. - The solid earnings outlook for GHLD, combined with its favorable valuation metrics, positions it as the superior value option compared to MCO [6].

Core Viewpoint - Investors in the Financial - Miscellaneous Services sector should consider Guild Holdings Company (GHLD) and SoFi Technologies, Inc. (SOFI) for potential value opportunities [1] Valuation Metrics - GHLD has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to SOFI, which has a Zacks Rank of 3 (Hold) [3] - GHLD's forward P/E ratio is 8.19, significantly lower than SOFI's forward P/E of 41.84, suggesting GHLD may be undervalued [5] - GHLD's PEG ratio is 0.77, while SOFI's PEG ratio is 1.56, indicating GHLD's expected earnings growth is more attractive relative to its price [5] - GHLD has a P/B ratio of 0.65, compared to SOFI's P/B of 1.77, further supporting GHLD's valuation attractiveness [6] Investment Conclusion - GHLD exhibits stronger estimate revision activity and more appealing valuation metrics than SOFI, making it a more attractive option for value investors [7]

Guild Holdings Company (GHLD) shares rallied 5.2% in the last trading session to close at $14.43. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 10.3% gain over the past four weeks.Guild extended its rally for the second straight day, driven by strengths such as a nationwide retail origination presence across 49 states and the District of Columbia with approximately 440 branch locations, a dual origination-s ...

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both Guild Holdings Company (GHLD) and HA Sustainable Infrastructure Capital (HASI) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The prov ...

Market Dependence and Economic Factors - The company is highly dependent on the secondary home loan market, with a significant portion of revenues and net earnings derived from selling originated mortgages to GSEs and Ginnie Mae[81]. - Macroeconomic factors such as rising inflation, interest rates, and low housing inventory have adversely affected the company's origination volume and overall revenue[82][83]. - Changes in prevailing interest rates have negatively impacted the company's origination volume and profit margins, with increasing rates making refinancing less attractive[87]. - Adverse economic conditions affecting clients, such as job loss or inflation, could lead to increased delinquencies and defaults, negatively impacting the company's financial condition[111]. - The geographic concentration of loan originations in the Northwest United States may expose the company to greater risks if that region experiences economic downturns[112]. Operational Risks and Challenges - Increased delinquencies could lead to higher servicing costs and decreased cash flow, impacting the estimated value of mortgage servicing rights (MSRs)[84]. - The company faces risks related to its relationships with government-sponsored entities (GSEs), including potential changes in organizational structure and pricing that could adversely affect its business[85][86]. - The company employs hedging strategies to mitigate interest rate risks, but these strategies are complex and not foolproof, exposing the company to potential credit and market risks[88]. - The company relies on warehouse lines of credit for funding mortgage loans, and any termination or reduction of these lines could materially affect its operations[91]. - The company is subject to operational risks including employee or customer fraud, documentation errors, and data processing failures, which could lead to significant financial losses and regulatory sanctions[124]. Competitive Landscape - The competitive landscape is intensifying, with significant competition from larger banks and financial technology companies, which could affect the company's market position[102]. - The company's ability to maintain long-term client relationships and adapt to technological advances will be crucial for its competitive success[103]. - The company faces competitive disadvantages due to its concentration primarily in the Northwest United States, which may hinder its ability to spread operating costs across a broader market[104]. - A significant portion of mortgage origination leads are sourced through established referral partners, and failure to maintain these relationships could significantly decrease origination volume[105]. Financial Performance and Capital Management - Net revenue for 2024 reached $1,049,711 thousand, a significant increase of 60.2% compared to $655,187 thousand in 2023[366]. - Net income attributable to Guild for 2024 was $97,131 thousand, a turnaround from a net loss of $39,009 thousand in 2023[366]. - Total assets increased to $4,768,303 thousand in 2024, up from $3,676,720 thousand in 2023, representing a growth of approximately 29.7%[364]. - The company declared cash dividends of $0.50 per share for both 2023 and 2024, totaling $30,702 thousand in 2024[367]. - The company’s ability to pay dividends is contingent on the financial results and cash flows of GMC, which may be restricted[159]. Regulatory and Compliance Risks - Compliance with a complex legal and regulatory framework is essential, as failure to comply could result in significant penalties and operational challenges[137]. - The company is subject to regulatory authority from the CFPB, which can impose penalties and require remediation for violations of consumer financial laws[138]. - The Financial Stability Oversight Council has recommended strengthening regulations for nonbank mortgage companies, which could affect the company's operating costs and competitiveness[141]. - The company faces potential liabilities under fair lending laws, including risks associated with "redlining" and "reverse redlining," which could lead to sanctions and reputational harm[142]. - The company is subject to stringent data privacy and security laws, which may increase compliance costs and legal risks[149]. Acquisitions and Investments - The company acquired Cherry Creek Mortgage, LLC in April 2023, expanding its reverse mortgage loan products[146]. - Acquisitions and investments may not yield anticipated benefits, and integration challenges could arise, impacting the company's financial results[98][99]. Asset Valuation and Financial Reporting - The fair value of a substantial portion of the company's assets is subject to estimates that may prove inaccurate, potentially leading to write-downs that could adversely affect earnings and financial condition[108]. - The company's estimates of the fair value of mortgage servicing rights (MSRs) are highly dependent on cash flow projections, which can fluctuate due to market conditions[109]. - The assessment of the fair value of MSRs involves significant subjective judgment and complex audit procedures[353]. - The Company recognizes mortgage servicing rights (MSRs) as assets and uses a valuation model to determine their fair value based on future cash flows[397]. Technology and Innovation - The mortgage industry is undergoing rapid technological changes, and the company's future success depends on its ability to adapt and develop new products and services[110]. - The Company is currently evaluating the impact of new accounting standards issued by the FASB on its financial statements[442]. Miscellaneous - Cybersecurity threats pose significant risks to the company's operations and client data, which could lead to reputational harm and financial losses[114]. - The dual class structure of common stock may adversely affect the trading market for Class A common stock, potentially making it less attractive to investors[166]. - The Company has exposure to liabilities related to representations and warranties made to investors, which could require repurchase of loans under certain conditions[423].

Financial Data and Key Metrics Changes - Total originations increased by 57% year over year to $24 billion, significantly outpacing the industry average of 22% [8] - Net revenue rose 60% to $1 billion, while expenses increased by only 33%, indicating effective operational leverage [9] - Net income attributable to the company was $97.1 million compared to a net loss of $39 million in the prior year, with adjusted net income totaling $90.2 million, an 88% increase [9] - Full year adjusted EBITDA reached $134.8 million, up from $74.8 million in 2023, representing an 80% increase year over year [9] - For Q4 2024, total loan originations were $6.7 billion, an 86% increase from $3.6 billion in Q4 2023 [19] - Q4 net income was $97.9 million compared to a net loss of $93.1 million in the prior year [19] Business Line Data and Key Metrics Changes - The origination segment reported a second consecutive quarter of positive net income, achieving $1 million despite market volatility [32] - The servicing portfolio expanded to approximately $93 billion, a 9% increase from the prior year, with a 44% refinance capture rate [12] - The gain on sale margin for Q4 was 317 basis points, slightly down from 330 basis points in the prior year [33] Market Data and Key Metrics Changes - Purchase originations represented 88% of closed loan volume, significantly outperforming the industry average of 72% [10] - The company has nearly doubled its loan officers since 2020, contributing to above-industry-average loan production [14] Company Strategy and Development Direction - The company focuses on expanding market share through a "customer for life" strategy, emphasizing local relationships and technology to enhance processes [16] - Investments in integrated technology platforms aim to drive leads back to the retail origination business [13] - The company plans to serve new homebuyers through the "Promise of Home" program, which includes educational events and down payment assistance [22] Management's Comments on Operating Environment and Future Outlook - Management anticipates ongoing rate headwinds but believes the company is well-positioned for growth due to operational leverage and market share gains [15] - The company aims to maintain a strong balance sheet and continue strategic investments to enhance long-term value [39] Other Important Information - The company repurchased approximately 28,000 shares at an average price of $13.95 per share during Q4 [37] - A special cash dividend of $0.50 per share was declared, payable on March 31, 2025 [38] Q&A Session Summary Question: How is the spring home buying season shaping up? - Management noted that the spring buying season is starting similarly to past years, with good activity as borrowers recognize that rates may remain high for longer [42][44] Question: Commentary on recent acquisitions and their integration? - Management indicated that it typically takes 60 to 66 days for full integration of acquired loan officers, and recent acquisitions are performing well [46][48] Question: What is driving the drift in the UPB of retained MSR? - Management explained that the drift is related to market conditions, with a focus on balancing profitability and servicing value [52][58] Question: How have MSR valuations responded to interest rate changes? - Management acknowledged that as rates drop, MSR valuations naturally decline, and the business model acts as a hedge against these changes [65][68] Question: Clarification on the timing of MSR valuation? - Management clarified that MSR is valued at the time of lock and any changes are reported through fair value adjustments [72][74]

Guild Holdings Company (NYSE:GHLD) Q4 2024 Earnings Conference Call March 6, 2025 5:00 AM ET Company Participants Terry Schmidt – Chief Executive Officer David Neylan – President and Chief Operating Officer Amber Kramer – Chief Financial Officer Conference Call Participants Derek Sommers – Jefferies Rick Shane – JPMorgan Jake Katsikas – BTIG Operator Good afternoon, ladies and gentlemen. Welcome to the Guild Holdings Company fourth quarter and full year 2024 earnings conference call. At this time, all parti ...