Guild Holdings Company (NYSE:GHLD) Q1 2024 Earnings Call Transcript

Terry Schmidt: Yes. Typically, we’re always looking at on a daily basis the service released versus the service retained option. And when we’ve got correspondence that are out there that are paying up more than we think that loan is worth, we’re going to look at service-releasing that loan if — and majority of — historically, it’s typically our retention is about 80%, 85%. We’re just in a little market — a little different market just because we — everybody, they’re kind of wanting to get more production in the door. So we can change that strategy. But with our capital position we’re at right now, we don’t really need to. So that’s our plan — continuing to be our plan going forward.

Eric Hagen: All right. Thank you, guys, so much.

Operator: We’ve reached the end of our question-and-answer session. I would like to now turn the floor back over to Terry Schmidt for closing comments.

Terry Schmidt: Thanks, everybody, for your continued interest in Guild. And we will keep executing on our strategy. And we hope to hear from you next quarter. Thank you.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.