Guild Holdings Company

As a reminder, this call will be recorded. I would now like to turn the conference over to Michael Kim, Investor Relations. Please go ahead, Michael.

Thank you and good afternoon, everyone. Before we begin, I'd like to remind everyone that comments on this conference call may contain certain forward-looking statements regarding the company's expected operating and financial performance for future periods. These statements are based on the company's current expectations. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of risks or other factors that are described in greater detail under risk factors in GILD's IPO registration statement and prospectus filed with the U.S. Securities and Exchange Commission. Participating in the call today are Chief Executive Officer Mary Ann McGarry, President Terry Schmidt, Chief Financial Officer Amber Elwell, and Chief Operating Officer David Nalen. Now, I'd like to turn the call over to GILD's Chief Executive Officer Mary Ann McGarry. Mary Ann?

Thanks, Michael, and good afternoon, everyone. I'd like to thank all of Guild's employees for their continuing hard work and dedication throughout the year and during our transition to a public company. I'd also like to thank all of our clients for continuing to trust us to help them with their financing needs. And I'd like to thank and welcome all of our new shareholders. We look forward to continuing to build relationships with all of you. As our first earnings conference call as a public company, we thought it would be helpful to provide an overview of our business and how we are differentiated. Terry will discuss our growth strategy, and then Amber will provide financial details on the quarter. We will then be joined by our Chief Operating Officer, David Nalen, and take some questions. Guild is a leading mortgage banking company that has originated and serviced residential mortgage loans since 1960. We are focused on the purchase market. Over the last five years, ending December 2019, over 70% of our origination volume was in purchase business. Purchase business provides durable volume and consistent returns. Our focus on purchase business has allowed us to generate a consistent track record of profitability through many market and interest rate cycles. We also utilize a scalable, sales-centric, and growth-oriented platform that leverages our strong reputation, team, and technology. We've created a personalized client experience. from the time a loan officer takes an application through the time when a loan pays off and we have an opportunity to capture their next transaction. We've built a high trust relationship model where our local presence matters. Our strong reputation in the neighborhoods and communities we serve helps to set us apart. Our servicing segment generates a recurring stream of cash flow, but we see it as more than just an asset. We view servicing as an extension of our origination teams. Turning to some financial highlights for the quarter, we reported gap net income of $182 million, and as we generated record originations of $10 billion, representing growth of 41% over the prior year's quarter level, reinforcing the strength of our differentiated business model and strategy. Looking ahead, we believe Guild is well-positioned to continue its success. We expect to continue to focus our platform on the purchase market. We are looking forward to continuing to grow our business and to enhancing shareholder value. So with that, I'd like to turn it over to our president, Terri Schmidt. Terri?