Bayview closes acquisition of Guild, taking lender private

Bayview Asset Management has closed its acquisition of Guild Holdings Company, the parent of Guild Mortgage, in a deal that takes the lender private and removes it from the New York Stock Exchange. The transaction was finalized on November 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 for cash. Guild’s Class A stock has been delisted, and the company will no longer file periodic SEC reports. Guild will operate as a privately held independent entity of Bayview MSR Opportunity (U.S.) Master Fund, L.P., 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 roughly $1.3 billion, a significant premium to the company’s share price before the announcement.

In a press release, Guild CEO Terry Schmidt said, “Joining Bayview’s platform strengthens Guild’s commitment to grow our national brand, and it creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation.

HousingWire previously reported that Guild’s executive team will remain in place and the company will retain its brand. Guild originated $5.1 billion in mortgages in the first quarter of 2025, ranking as the fifteenth largest U.S. mortgage lender, according to Inside Mortgage Finance.

When the deal was initially 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 2020 IPO. She emphasized that the acquisition does not represent material changes for stakeholders and that the move should feel like a non-event internally, with business continuing 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 close, Guild becomes a privately held company under Bayview’s ownership and will continue to operate in partnership with Lakeview. The 8-K confirms no immediate operational shifts are planned and senior leadership will remain.

The acquisition gives Bayview deeper vertical integration across origination and servicing, a strategy that has become more common in the current high rate and margin compressed environment. It also reflects continued consolidation among nonbank lenders and the ongoing move of major originators out of the public markets.

Earlier this month, Guild reported Q3 2025 net revenue of $307.4 million, marking significant growth from previous quarters. Despite a slight decline in originations, the company saw increased net income and gain-on-sale margins, positioning it well for future growth under Bayview ownership. “Our team delivered another quarter of solid performance across both our retail origination and servicing platforms, demonstrating continued positive momentum and the successful execution of our balanced business model,” Guild CEO Terry Schmidt said in a statement.