Guild Mortgage Correspondent has joined the investor network of Promontory MortgagePath LLC, a provider of digital mortgage fulfillment services.
Promontory MortgagePath manages investor relationships on behalf of its community lending clients as part of its fulfillment service.
“As lenders advance their investor relationships, their ownership of the origination processes increases — and so does their earning potential,” said Debora Aydelotte, chief operating officer at Promontory MortgagePath. “Given where Promontory MortgagePath sits inside our clients’ organizations and our extensive network of industry connections, it only makes sense for us to help facilitate and manage these vital relationships, and we are especially proud to add Guild Mortgage Correspondent to our expanding investor network.”
In addition to facilitating community lenders’ entry into the secondary market, Promontory MortgagePath can also connect community lenders to new investors or help them expand or advance their existing investor relationships, resulting in increased profitability.
“As any mortgage lender knows, originating the loan is only half the battle, and for community lenders in particular, finding the right investment partnerships to support their non-portfolio products can be especially challenging,” said Promontory MortgagePath managing director and head of bank relations Paul C. Katz. “We’re pleased to add to the pool of resources we provide to our community lending clients and look forward to enhancing their relationships with the industry’s prominent secondary market investors.”