Guild Mortgage promotes 3 employees to top positions

By Housing News

Guild Mortgage, an independent mortgage lender, announced late last week that it has promoted three senior members of its leadership team as it continues to grow.

According to the announcement, Terry Schmidt, David Neylan and Amber Elwell are moving up within the company. 

Schmidt, who has been with the company since 1985, will now serve as president.

That role was formerly filled by Mary Ann McGarry, who served as Guild’s CEO and president. McGarry will continue on as CEO as Schmidt takes the helm as president.

In her more than 30 years with the company, Schmidt has served as chief operating officer and chief financial officer, in addition to leading efforts to establish Guild’s first nonprofit organization, the Guild Giving Foundation.

Neylan, formerly the senior vice president of business development, is succeeding Schmidt as COO. He has more than 20 years of experience in the industry and currently leads Guild’s customer retention program.

According to the company, Guild is on pace to reach more than $5 billion in retention business in 2019.

Previously serving as Guild’s senior vice president of finance, Elwell has been promoted to CFO. She brings 15 years of mortgage industry experience to the role. Elwell joined Guild in 2004, and advanced to financial analyst and vice president before being promoted to senior vice president in 2015. 

“Guild is building an executive team for the future, developing strategies to compete in our rapidly evolving markets and creating customers for life,” McGarry said. “We’re pleased to be able to promote from within, drawing from talent that averages more than 25 years of experience each in our industry. This gives us the foundation to grow throughout the U.S., both in our existing branches and with selective acquisitions of firms with a similar entrepreneurial culture.”

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