Bayview completes its acquisition of Guild and takes the lender private
Bayview Asset Management has completed its acquisition of Guild Holdings Company, the parent company of Guild Mortgage, in a deal that will take the lender private and delist it from the New York Stock Exchange. The transaction closed on Nov. 28, according to a new 8-K filing.
Under the agreement, shareholders received $20 per share in cash, and all outstanding RSUs and PSUs were also settled in cash. Guild’s Class A shares have been delisted and the company will no longer file periodic SEC reports. Guild will operate as a private, independent entity of Bayview MSR Opportunity (US) Master Fund, LP, which also owns Lakeview Loan Servicing, LLC, a leading mortgage servicer.
Bayview, already a minority shareholder, agreed earlier this year to acquire the remaining stake in a deal that valued Guild at about $1.3 billion, a significant premium to the company’s stock price before the announcement.
In a press release, Guild CEO Terry Schmidt said: “Joining Bayview’s platform further strengthens Guild’s commitment to growing our national brand, and it creates one of the strongest and most attractive mortgage origination and servicing ecosystems in the country.
HousingWire previously reported that Guild’s executive team will remain in place and the company will maintain its brand. Guild originated $5.1 billion in mortgages in the first quarter of 2025 and is the fifteenth largest U.S. mortgage lender, according to Inside Mortgage Finance.
When the deal was first announced this summer, CEO Terry Schmidt said in a letter to employees that Bayview has been a strong partner since becoming a shareholder during Guild’s initial public offering in 2020. She emphasized that the acquisition does not mean any material changes to stakeholders and that the move should feel like a non-event internally, with business as usual. She also noted that because Lakeview Loan Servicing is not a distributed retail platform, there is no operational overlap that would require integration or consolidation.
With the closure, Guild will become a private company under Bayview’s ownership and will continue to operate in partnership with Lakeview. The 8-K confirms that no immediate operational shifts are planned and that senior leadership will remain in place.
The acquisition gives Bayview deeper vertical integration of origination and servicing, a strategy that has become increasingly common in today’s high-fee, compressed-margins environment. It also reflects the ongoing consolidation among non-bank lenders and the continued movement of large originators out of the public markets.
Earlier this month, Guild reported net sales of $307.4 million for the third quarter of 2025, marking significant growth from previous quarters. Despite a slight decline in production, the company saw increases in net income and profit on sales margins, making it well positioned for future growth under Bayview’s ownership. “Our team delivered another quarter of solid performance across both our retail manufacturing and service platforms, demonstrating continued positive momentum and the successful execution of our balanced business model,” Guild CEO Terry Schmidt said in a statement.
