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30 Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month. GUILD MORTGAGE ACQUIRES LEGACY MORTGAGE Guild Mortgage has increased its presence in the southwestern U.S. with the acquisition of Legacy Mortgage, an independent New Mexico-based lender. Terms of the acquisition were not disclosed. Legacy Mortgage was founded in Albu- querque, New Mexico, in 2002. Jack ompson joined Legacy in 2006 as Co-Owner and CEO/President, and grew the company to be a presence in the state. ompson purchased the company in 2006. Legacy will become part of Guild's Southwest region. "is acquisition is part of the compa- ny's continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders," said Mary Ann McGarry, Guild Mortgage's CEO. "Legacy Mortgage recently celebrated its 20-year anniver- sary of providing home financing and our team has always admired the company's commitment to its employees and customers. We are pleased to further grow Guild's presence in the high-growth Southwest region of the country and the Legacy Mortgage culture aligns well with what we've developed at Guild over more than 60 years. Our combined strengths will drive further growth throughout the Southwest." Legacy is well-respected for its market leadership and community involvement, with 13 branches in four states—Arizona, Colorado, New Mexico, and Texas—and offers a range of purchase and refi options. "By joining Guild, the Legacy Mortgage team can offer borrowers a broader range of purchase and refinance loan options, including FHA, VA, USDA, down payment assistance programs, and other specialized loan programs," ompson said. "Clients will also benefit from access to new digital and customer relationship tools that improve every step in the lending ex- perience, including servicing, a Guild strength for decades."

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