Document:

EX-10.1

 Exhibit 10.1 

GUILD HOLDINGS COMPANY 
 2020
OMNIBUS INCENTIVE PLAN 
 SECTION 1.    Purpose; Definitions 

The purpose of this Plan is to give the Company a competitive advantage in attracting, retaining and motivating officers, employees, directors
and/or consultants of the Company and its Subsidiaries and Affiliates and to enable the Company to provide incentives for future performance of services directly linked to the profitability of the Company’s businesses and increases in Company
shareholder value. 
 For purposes of this Plan, the following terms are defined as set forth below: 

(a)    “Affiliate” means a company or other entity controlled by, controlling or under common control
with the Company. 
 (b)    “Applicable Exchange” means the New York Stock Exchange or such other
securities exchange as may at the applicable time be the principal market for the Common Stock. 

(c)    “Award” means a Stock Option, Stock Appreciation Right, Restricted Stock, Restricted Stock Unit,
Other Stock-Based Award or Cash Award granted pursuant to the terms of this Plan. 
 (d)    “Award
Agreement” means a written or electronic document or agreement setting forth the terms and conditions of a specific Award. 

(e)    “Board” means the board of directors of the Company. 

(f)    “Business Combination” has the meaning set forth in Section 10(e)(iii). 

(g)    “Cash Award” means a cash-settled Award granted pursuant to Section 9. 

(h)    “Cause” means, unless otherwise provided in an Award Agreement, (i) “Cause” as defined
in any Individual Agreement to which the Participant is a party as of the Grant Date, or (ii) if there is no such Individual Agreement or if it does not define Cause: (A) conviction of, or plea of guilty or nolo contendere by, the
Participant for committing a felony under federal law or the law of the state in which such action occurred, (B) willful and deliberate failure on the part of the Participant in the performance of his or her employment duties in any material
respect, (C) dishonesty in the course of fulfilling the Participant’s employment duties, or (D) a material violation of the Company’s ethics and compliance program, code of conduct or other material policy of the Company.
Notwithstanding the general rule of Section 2(c), following a Change in Control, any determination by the Committee as to whether “Cause” exists shall be subject to de novo review. 

(i)    “Change in Control” has the meaning set forth in Section 10(e). 

 (j)    “Code” means the Internal Revenue Code of 1986,
as amended from time to time, and any successor thereto, the Treasury Regulations thereunder and other relevant interpretive guidance issued by the Internal Revenue Service or the Treasury Department. Reference to any specific section of the Code
shall be deemed to include such regulations and guidance, as well as any successor provision of the Code. 

(k)    “Committee” means the Committee referred to in Section 2. 

(l)    “Common Stock” means Class A common stock, $0.01 par value per share, of the Company. 

(m)    “Company” means Guild Holdings Company, a Delaware corporation, or its successor. 

(n)    “Corporate Transaction” has the meaning set forth in Section 3(d). 

(o)     “Disability” means, unless otherwise provided in an Award Agreement,
(i) ”Disability” as defined in any Individual Agreement to which the Participant is a party, or (ii) if there is no such Individual Agreement or it does not define “Disability,” permanent and total disability as
determined under the Company’s Long-Term Disability Plan applicable to the Participant; provided, however, to the extent necessary to avoid tax penalties under Section 409A of the Code, “Disability means
“disability” as defined in Section 409(a)(2)(C) of the Code. 
 (p)    “Disaffiliation”
means a Subsidiary’s or an Affiliate’s ceasing to be a Subsidiary or Affiliate for any reason (including as a result of a public offering, or a spinoff or sale by the Company, of the stock of the Subsidiary or Affiliate) or a sale of a
division of the Company and its Affiliates. 
 (q)    “Effective Date” has the meaning set forth
in Section 11(a). 
 (r)    “Eligible Individuals” means directors, officers, employees and
consultants of the Company or any of its Subsidiaries or Affiliates, and prospective directors, officers, employees and consultants who have accepted offers of employment or consultancy from the Company or its Subsidiaries or Affiliates. 

(s)    “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any
successor thereto. 
 (t)    “Fair Market Value” means, except as otherwise determined by the
Committee, the closing price of a Share on the Applicable Exchange on the date of measurement or, if Shares were not traded on the Applicable Exchange on such measurement date, then on the immediately preceding date on which Shares were traded on
the Applicable Exchange, as reported by such source as the Committee may select. If there is no regular public trading market for Shares, the Fair Market Value of a Share shall be determined by the Committee in good faith and, to the extent
applicable, such determination shall be made in a manner that satisfies Sections 409A and 422(c)(1) of the Code. 

  
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 (u)    “Full-Value Award” means any Award other than a
Stock Option, Stock Appreciation Right or Cash Award. 
 (v)    “Grant Date” means the date on which
the Committee by resolution selects an Eligible Individual to receive a grant of an Award and determines the number of Shares, or the formula for earning a number of Shares, to be subject to such Award or the cash amount subject to such Award, or
such later date as the Committee shall provide in such resolution. 
 (w)    “Incentive Stock Option”
means any Stock Option designated in the applicable Award Agreement as an “incentive stock option” within the meaning of Section 422 of the Code, and that in fact so qualifies. 

(x)    “Incumbent Board” has the meaning set forth in Section 10(e)(ii). 

(y)    “Individual Agreement” means an employment, consulting, change in control, or similar agreement
between a Participant and the Company or one of its Subsidiaries or Affiliates. If a Participant is party to both an employment agreement and a change in control agreement, the employment agreement shall be the relevant “Individual
Agreement” prior to a Change in Control, and the change in control agreement shall be the relevant “Individual Agreement” after a Change in Control. 

(z)    “Investors” means, collectively, (i) McCarthy Capital Mortgage Investors, LLC, any other
investment funds affiliated with McCarthy Partners Management, LLC, and any company or other entity controlled by, controlling or under common control with McCarthy Capital Mortgage Investors, LLC or any such investment fund (other than any
portfolio company) (the “McCarthy Investors”) and (ii) provided that the McCarthy Investors own a majority of the voting power of the Company, any Person that forms a group (within the meaning of Section 13(d)(3) or
Section 14(d)(2) of the Exchange Act or any successor provision) with the McCarthy Investors and that, directly or indirectly, holds or acquires beneficial ownership of voting securities of the Company entitled to vote generally in the election
of directors. 
 (aa)    “Nonqualified Stock Option” means any Stock Option that is not an Incentive
Stock Option. 
 (bb)    “Other Stock-Based Award” means an Award granted pursuant to Section 8.

 (cc)    “Outstanding Company Common Stock” has the meaning set forth in
Section 10(e)(i). 
 (dd)    “Outstanding Company Voting Securities” has the meaning set
forth in Section 10(e)(i). 

  
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 (ee)    “Participant” means an Eligible Individual to
whom an Award is or has been granted. 
 (ff)    “Performance Goals” means the performance goals
established by the Committee in connection with the grant of an Award. Such goals shall be based on the attainment of specified levels of one or more of the following measures or such other performance measures as are determined by the Committee:
stock price, earnings (whether based on earnings before taxes, earnings before interest and taxes or earnings before interest, taxes, depreciation and amortization), earnings per share, return on equity, return on assets or operating assets, asset
quality, net interest margin, loan portfolio growth, efficiency ratio, liquidity, market share, customer service measures or indices, economic value added, shareholder value added, embedded value added, combined ratio, pre- or after-tax income, net income, cash flow (before or after dividends), cash flow per share (before or after dividends), gross margin, risk-based capital, revenues, revenue growth, return on capital (whether based on
return on total capital or return on invested capital), cash flow return on investment, cost control, gross profit, operating profit, cash generation, unit volume, sales, asset quality, cost saving levels, market-spending efficiency, core non-interest income, change in working capital, production volume, production income, gain on sale margins, or segment income, in each case with respect to (i) the Company or any one or more Subsidiaries,
divisions, business units or business segments thereof, either in absolute terms or relative to the performance of one or more other companies (including an index covering multiple companies) including reasonable adjustments or (ii) an
individual Participant. 
 (gg)    “Person” has the meaning set forth in Section 10(e)(i).

 (hh)    “Plan” means the Guild Holdings Company 2020 Omnibus Incentive Plan, as set forth herein and
as hereinafter amended from time to time. 
 (ii)    “Replaced Award” has the meaning set forth in
Section 10(b). 
 (jj)    “Replacement Award” has the meaning set forth in Section 10(b).

 (kk)    “Restricted Stock” means an Award granted under Section 6. 

(ll)     “Restricted Stock Unit” has the meaning set forth in Section 7(a). 

(mm)    “Section 16(b)” has the meaning set forth in Section 2(f). 

(nn)    “Separation from Service” has the meaning set forth in Section 409A of the Code. 

(oo)    “Share” means a share of Common Stock. 

(pp)    “Stock Appreciation Right” means an Award granted under Section 5(b). 

(qq)    “Stock Option” means an Award granted under Section 5(a). 

  
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 (rr)    “Subsidiary” means any corporation,
partnership, joint venture, limited liability company or other entity during any period in which at least a 50% voting or profits interest is owned, directly or indirectly, by the Company or any successor to the Company. 

(ss)    “Term” means the maximum period during which a Stock Option or Stock Appreciation Right may
remain outstanding, subject to earlier termination upon Termination of Service or otherwise, as specified in the applicable Award Agreement. 

(tt)    “Termination of Service” means the termination of the applicable Participant’s employment
with, or performance of services for, the Company and any of its Subsidiaries or Affiliates. Unless otherwise determined by the Committee, (i) if a Participant’s employment with the Company and its Affiliates terminates but such
Participant continues to provide services to the Company and its Affiliates in a non-employee capacity, such change in status shall not be deemed a Termination of Service and (ii) a Participant employed
by, or performing services for, a Subsidiary or an Affiliate or a division of the Company and its Affiliates shall also be deemed to incur a Termination of Service if, as a result of a Disaffiliation, such Subsidiary, Affiliate or division ceases to
be a Subsidiary, Affiliate or division, as the case may be, and the Participant does not immediately thereafter become an employee of, or service provider for, the Company or another Subsidiary or Affiliate. The Committee shall determine, in its
sole discretion, the point at which a Participant who is on an approved leave of absence experiences a Termination of Service as a result of such leave of absence. Notwithstanding the foregoing provisions of this definition, with respect to any
Award that constitutes a “nonqualified deferred compensation plan” subject to Section 409A of the Code, a Participant shall not be considered to have experienced a “Termination of Service” unless the Participant has
experienced a Separation from Service. 
 SECTION 2.    Administration 

(a)    Committee. This Plan shall be administered by the Board directly, or if the Board elects, by the Compensation
Committee of the Board or such other committee of the Board as the Board may from time to time designate, which committee shall be composed of not fewer than two directors, and shall be appointed by and serve at the pleasure of the Board. All
references in this Plan to the “Committee” shall refer to the Compensation Committee of the Board as a whole, unless a separate committee has been designated or authorized consistent with the foregoing; provided that, subject
to applicable law, all powers of the Committee may be exercised by the full Board. 
 Subject to the terms and conditions of this Plan, the
Committee shall have absolute authority: 
 (i)    To select the Eligible Individuals to whom Awards may
from time to time be granted; 
 (ii)    To determine whether and to what extent Incentive Stock Options,
Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock, Restricted Stock Units, Other Stock-Based Awards, Cash Awards or any combination thereof are to be granted hereunder; 

  
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 (iii)    To determine the number of Shares to be covered
by an Award or the amount of any Cash Award; 
 (iv)    To approve the form of any Award Agreement and
determine the terms and conditions of any Award granted hereunder, including the exercise price and any vesting condition, restriction or limitation; 

(v)    To modify, amend or adjust the terms and conditions (including any Performance Goals) of any Award,
including, without limitation, waiving any exercise or vesting conditions with respect to any Award; 

(vi)    To determine to what extent and under what circumstances Shares or cash payable with respect to an
Award shall be deferred; 
 (vii)    To determine under what circumstances an Award may be settled in
cash, Shares, other property or a combination of the foregoing; 
 (viii)    To adopt, alter and repeal
such administrative rules, guidelines and practices governing this Plan as it shall from time to time deem advisable; 

(ix)    To establish any “blackout” period that the Committee in its sole discretion deems
necessary or advisable; 
 (x)    To interpret the terms and provisions of this Plan and any Award issued
under this Plan (and any Award Agreement relating thereto); 
 (xi)    To decide all other matters that
must be determined in connection with an Award; and 
 (xii)    To otherwise administer this Plan. 

(b)    Procedures. 

(i)    The Committee may act only by a majority of its members then in office, except that the Committee
may, except to the extent prohibited by applicable law or the listing standards of the Applicable Exchange, allocate all or any portion of its responsibilities and powers to any one or more of its members and may delegate all or any part of its
responsibilities and powers to any person or persons selected by it. Any such allocation or delegation may be revoked by the Committee at any time. 

(ii)    Any authority granted to the Committee may be exercised by the full Board. To the extent that any
permitted action taken by the Board conflicts with action taken by the Committee, the Board action shall control. 

  
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 (c)    Discretion of Committee. Subject to Section 1(h), any
determination made by the Committee or pursuant to delegated authority under the provisions of this Plan with respect to any Award shall be made in the sole discretion of the Committee or such delegate at the time of the grant of the Award or,
unless in contravention of any express term of this Plan, at any time thereafter. All decisions made by the Committee or any appropriately delegated officer pursuant to the provisions of this Plan shall be final, binding and conclusive on all
persons, including the Company, Participants and Eligible Individuals. Any determination made by the Committee or pursuant to delegated authority under the provisions of this Plan, including conditions for grant or vesting and the adjustment of
Awards pursuant to Section 3(d) need not be the same for each Participant. 
 (d)    Cancellation or
Suspension. Subject to Section 5(c), the Committee shall have full power and authority to determine whether, to what extent and under what circumstances any Award shall be canceled or suspended. 

(e)    Award Agreements. The terms and conditions of each Award, as determined by the Committee, shall be set forth
in a written (or electronic) Award Agreement, which shall be delivered to the Participant receiving such Award upon, or as promptly as is reasonably practicable following, the grant of such Award. The effectiveness of an Award shall be subject to
the Participant’s acceptance of the applicable Award Agreement within the time period specified therein (if any). 

(f)    Section 16(b). The provisions of this Plan are intended to ensure that no transaction under this Plan is
subject to (and all such transactions will be exempt from) the short-swing recovery rules of Section 16(b) of the Exchange Act (“Section 16(b)”). Accordingly, the composition of the Committee shall be subject
to such limitations as the Board deems appropriate to permit transactions pursuant to this Plan to be exempt (pursuant to Rule 16b-3 promulgated under the Exchange Act) from Section 16(b), and no
delegation of authority by the Committee shall be permitted if such delegation would cause any such transaction to be subject to (and not exempt from) Section 16(b). 

SECTION 3.    Common Stock Subject to Plan; Other Limits 

(a)    Plan Maximums. (i) Subject to Section 3(c), the maximum number of Shares that may be granted pursuant to
Awards under this Plan shall be              (the “Share Reserve”). The maximum number of Shares that may be granted pursuant to Stock Options intended to be Incentive
Stock Options shall be              Shares. Shares subject to an Award under this Plan may be authorized and unissued Shares or treasury Shares. 

(b)    Non-Employee Director Compensation Limits. No non-employee director of the Company may receive compensation in such capacity during any calendar year with a value that exceeds $500,000 (calculating the value of any equity-based Awards based on the grant date
fair value of such Awards for financial reporting purposes). For purposes of the preceding sentence, an equity-based Award shall be deemed received upon grant (and not upon vesting or settlement) and any deferred cash compensation shall be deemed
received when earned (and not when paid). 

  
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 (c)    Rules for Calculating Shares Issued. To the extent that
any Award is forfeited, terminates, expires or lapses instead of being exercised, or any Award is settled for cash, the Shares subject to such Award that are not delivered as a result thereof shall again be available for Awards under this Plan. If
the exercise price of any Stock Option or Stock Appreciation Right and/or the tax withholding obligations relating to any Award are satisfied by delivering Shares (either actually or through a signed document affirming the Participant’s
ownership and delivery of such Shares) or withholding Shares relating to such Award, the gross number of Shares subject to the Award shall nonetheless be deemed to have been granted for purposes of the first sentence of Section 3(a). 

(d)    Adjustment Provisions. 

(i)    In the event of a merger, consolidation, acquisition of property or shares, stock rights offering, liquidation,
disposition for consideration of the Company’s direct or indirect ownership of a Subsidiary or Affiliate (including by reason of a Disaffiliation), or similar event affecting the Company or any of its Subsidiaries (each, a
“Corporate Transaction”), the Committee or the Board may in its discretion make such substitutions or adjustments as it deems appropriate and equitable to (A) the limits set forth in Sections 3(a) and 3(b) and the kind of
securities deliverable pursuant to this Plan; (B) the number and kind of Shares or other securities subject to outstanding Awards; (C) the Performance Goals applicable to outstanding Awards; and (D) the exercise price of outstanding
Awards. In the event of a Corporate Transaction, such adjustments may include (I) the cancellation of outstanding Awards in exchange for payments of cash, property or a combination thereof having an aggregate value equal to the value of such
Awards, as determined by the Committee in its sole discretion (it being understood that in the event of a Corporate Transaction with respect to which shareholders of Common Stock receive consideration other than publicly traded equity securities of
the ultimate surviving entity, any such determination by the Committee that the value of a Stock Option or Stock Appreciation Right shall for this purpose be deemed to equal the excess, if any, of the value of the consideration being paid for each
Share pursuant to such Corporate Transaction over the exercise price of such Stock Option or Stock Appreciation Right shall be deemed conclusively valid); (II) the substitution of other property (including cash or other securities of the
Company and securities of entities other than the Company) for the Shares subject to outstanding Awards; and (III) in connection with any Disaffiliation, arranging for the assumption of Awards, or replacement of Awards with new awards based on
other property or other securities (including other securities of the Company and securities of entities other than the Company), by the affected Subsidiary, Affiliate, or division or by the entity that controls such Subsidiary, Affiliate, or
division following such Disaffiliation (as well as any corresponding adjustments to Awards that remain based upon Company securities). 
 securities 

deliverable 

  
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 (ii)    In the event of a stock dividend, stock split, reverse stock
split, reorganization, share combination, or recapitalization or similar event affecting the capital structure of the Company, or a Disaffiliation, separation or spinoff, in each case without consideration, or other extraordinary dividend of cash or
other property to the Company’s shareholders, the Committee or the Board shall make such substitutions or adjustments as it deems appropriate and equitable to (A) the limits set forth in Sections 3(a) and 3(b) and the kind of securities
deliverable pursuant to this Plan; (B) the number and kind of Shares or other securities subject to outstanding Awards; (C) the Performance Goals applicable to outstanding Awards; and (D) the exercise price of outstanding Awards. 

(iii)    Any adjustments made pursuant to this Section 3(d) to Awards that are considered “nonqualified deferred
compensation” subject to Section 409A of the Code shall be made in compliance with the requirements of Section 409A of the Code. Any adjustments made pursuant to this Section 3(d) to Awards that are not considered
“nonqualified deferred compensation” subject to Section 409A of the Code shall be made in such a manner as to ensure that after such adjustments, either (A) the Awards continue not to be subject to Section 409A of the Code
or (B) there does not result in the imposition of any penalty taxes under Section 409A of the Code in respect of such Awards. 
 SECTION
4.    Eligibility 
 Awards may be granted under this Plan to Eligible Individuals; provided, however,
that Incentive Stock Options may be granted only to employees of the Company and its subsidiaries or parent corporation (within the meaning of Section 424(f) of the Code). 

SECTION 5.    Stock Options and Stock Appreciation Rights 

(a)    Stock Options. Stock Options may be granted alone or in addition to other Awards granted under this Plan and
may be of two types: Incentive Stock Options and Nonqualified Stock Options. The Award Agreement for a Stock Option shall indicate whether the Stock Option is intended to be an Incentive Stock Option or a Nonqualified Stock Option. 

(b)    Stock Appreciation Rights. Upon the exercise of a Stock Appreciation Right, the Participant shall be
entitled to receive an amount in cash or Shares in value equal to the product of (i) the excess of the Fair Market Value of one Share over the exercise price of the applicable Stock Appreciation Right, multiplied by (ii) the number of
Shares in respect of which the Stock Appreciation Right has been exercised. The applicable Award Agreement shall specify whether such payment is to be made in cash or Shares, or shall reserve to the Committee or the Participant the right to make
that determination prior to or upon the exercise of the Stock Appreciation Right. 
 (c)    Exercise Price;
Prohibition on Repricing. The exercise price per Share subject to a Stock Option or Stock Appreciation Right shall be determined by the Committee and set forth in the applicable Award Agreement, and shall not be less than the Fair Market Value
of a Share on the applicable Grant Date. In no event may any Stock Option or Stock Appreciation Right granted under this Plan be amended, other than pursuant to Section 3(d), to decrease the exercise price thereof, be cancelled in exchange for
cash or other Awards if the exercise price of such 

  
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Stock Option or Stock Appreciation Right exceeds the Fair Market Value of a Share on the date of such cancellation, be cancelled in exchange for any new Stock Option or Stock Appreciation Right
with a lower exercise price, or otherwise be subject to any action that would be treated, under the Applicable Exchange listing standards or for accounting purposes, as a “repricing” of such Stock Option or Stock Appreciation Right, unless
such amendment, cancellation, or action is approved by the Company’s shareholders. 
 (d)    Term. The Term
of each Stock Option and each Stock Appreciation Right shall be fixed by the Committee, but no Stock Option or Stock Appreciation Right shall be exercisable more than 10 years after its Grant Date. 

(e)    Exercisability. Except as otherwise provided herein, Stock Options and Stock Appreciation Rights shall be
exercisable at such time or times and subject to such terms and conditions as shall be determined by the Committee. 

(f)    Method of Exercise. Subject to the provisions of this Section 5, Stock Options and Stock Appreciation
Rights may be exercised, in whole or in part, at any time during the Term thereof in accordance with the methods and procedures established by the Committee in the Award Agreement or otherwise. 

(g)    Delivery; Rights of Shareholders. A Participant shall not be entitled to delivery of Shares pursuant to the
exercise of a Stock Option or Stock Appreciation Right until the exercise price therefor has been fully paid and applicable taxes have been withheld. Except as otherwise provided in Section 5(k), a Participant shall have all of the rights of a
shareholder of the Company holding the number of Shares deliverable pursuant to such Stock Option or Stock Appreciation Right (including, if applicable, the right to vote the applicable Shares), when the Participant (i) has given written notice
of exercise, (ii) if requested, has given the representation described in Section 12(a) and (iii) in the case of a Stock Option, has paid in full for such Shares. 

(h)    Nontransferability of Stock Options and Stock Appreciation Rights. No Stock Option or Stock Appreciation
Right shall be transferable by a Participant other than, for no value or consideration, by will or by the laws of descent and distribution or as otherwise expressly permitted by the Committee. Any Stock Option or Stock Appreciation Right shall be
exercisable, subject to the terms of this Plan, only by the Participant, the guardian or legal representative of the Participant, or any person to whom such stock option is transferred pursuant to this Section 5(h), it being understood that the
term “holder” and “Participant” include such guardian, legal representative and other transferee; provided, however, that the term “Termination of Service” shall continue to refer to the Termination of Service of
the original Participant. 
 (i)    Termination of Service. The effect of a Participant’s Termination of
Service on any Award of Stock Options or Stock Appreciation Rights then held by such Participant shall be set forth in the applicable Award Agreement or any other document approved by the Committee and applicable to such Award. 

  
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 (j)    Additional Rules for Incentive Stock Options.
Notwithstanding any other provision of this Plan to the contrary, no Stock Option that is intended to qualify as an Incentive Stock Option may be granted to any Eligible Individual who at the time of such grant owns stock possessing more than 10% of
the total combined voting power of all classes of stock of the Company or of any Subsidiary, unless at the time such Stock Option is granted the exercise price is at least 110% of the Fair Market Value of a Share and such Stock Option by its terms
is not exercisable after the expiration of five years from the date such Stock Option is granted. In addition, the aggregate Fair Market Value of the Common Stock (determined at the time a Stock Option for the Common Stock is granted) for which
Incentive Stock Options are exercisable for the first time by a Participant during any calendar year, under all of the incentive stock option plans of the Company and of any Subsidiary, may not exceed $100,000. To the extent a Stock Option that by
its terms was intended to be an Incentive Stock Option exceeds this $100,000 limit, the portion of the Stock Option in excess of such limit shall be treated as a Nonqualified Stock Option. 

(k)    Dividends and Dividend Equivalents. Dividends (whether paid in cash or Shares) and dividend equivalents may
not be paid or accrued on Stock Options or Stock Appreciation Rights; provided that Stock Options and Stock Appreciation Rights may be adjusted under certain circumstances in accordance with the terms of Section 3(d). 

SECTION 6.    Restricted Stock 

(a)    Nature of Awards. Shares of Restricted Stock are actual Shares issued to a Participant that are subject to
vesting or forfeiture provisions and may be awarded either alone or in addition to other Awards granted under this Plan. 

(b)    Book Entry Registration or Certificated Shares. Shares of Restricted Stock shall be evidenced in such manner
as the Committee may deem appropriate, including book-entry registration or issuance of one or more stock certificates. If any certificate is issued in respect of Shares of Restricted Stock, such certificate shall be registered in the name of the
Participant and shall bear an appropriate legend indicating that the sale, transfer or other disposition thereof by the holder is prohibited except in compliance with the Securities Act of 1933, as amended, and the rules and regulations thereunder.
The Committee may require that the certificates evidencing such Shares be held in custody by the Company until the restrictions thereon shall have lapsed and that, as a condition of any Award of Restricted Stock, the applicable Participant shall
have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. 
 (c)    Terms
and Conditions. Shares of Restricted Stock shall be subject to the following terms and conditions and such other terms and conditions as are set forth in the applicable Award Agreement (including the vesting or forfeiture provisions applicable
upon a Termination of Service): 

  
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 (i)    The Committee shall, prior to or at the time of
grant, condition (A) the vesting of an Award of Restricted Stock upon the continued service of the applicable Participant, or (B) the grant or vesting of an Award of Restricted Stock upon the attainment of Performance Goals or the
attainment of Performance Goals and the continued service of the applicable Participant. 

(ii)    Subject to the provisions of this Plan and the applicable Award Agreement, a Participant shall not
be permitted to sell, assign, transfer, pledge or otherwise encumber an Award of Restricted Stock prior to such time as all applicable vesting conditions are satisfied. 

(d)    Rights of a Shareholder. Except as provided in this Section 6 and the applicable Award Agreement, a
Participant shall have the same rights as any other holder of Shares with respect to Shares of Restricted Stock, including, if applicable, the right to vote the Shares and the right to receive any dividends; provided, however, that,
unless otherwise determined by the Committee and subject to Section 12(e), (i) cash dividends on Shares shall be payable in cash and shall be held subject to the vesting of the underlying Restricted Stock and (ii) dividends payable in
Shares shall be paid in the form of Restricted Stock, and shall be held subject to the vesting of the underlying Restricted Stock. 

(e)    Termination of Service. The effect of a Participant’s Termination of Service on any Award of Restricted
Stock then held by such Participant shall be set forth in the applicable Award Agreement or any other document approved by the Committee and applicable to such Award. 

SECTION 7.    Restricted Stock Units 

(a)    Nature of Awards. Restricted stock units (“Restricted Stock Units”) are Awards denominated
in Shares that will be settled, subject to the terms and conditions of the applicable Award Agreement, in a specified number of Shares or an amount of cash equal to the Fair Market Value of a specified number of Shares. 

(b)    Terms and Conditions. Restricted Stock Units shall be subject to the following terms and conditions and such
other terms and conditions as are set forth in the applicable Award Agreement (including the vesting or forfeiture provisions applicable upon a Termination of Service): 

(i)    The Committee shall, prior to or at the time of grant, condition (A) the vesting of Restricted
Stock Units upon the continued service of the applicable Participant, or (B) the grant or vesting of Restricted Stock Units upon the attainment of Performance Goals or the attainment of Performance Goals and the continued service of the
applicable Participant. An Award of Restricted Stock Units shall be settled as and when the Restricted Stock Units vest, at a later time specified by the Committee in the applicable Award Agreement, or, if the Committee so permits, in accordance
with an election of the Participant. 

  
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 (ii)    Subject to the provisions of this Plan and the
applicable Award Agreement, a Participant shall not be permitted to sell, assign, transfer, pledge or otherwise encumber Restricted Stock Units. 

(c)    Rights of a Shareholder. A Participant to whom Restricted Stock Units are awarded shall have no rights as a
shareholder with respect to the Shares represented by the Restricted Stock Units unless and until Shares are actually delivered to the participant in settlement thereof. Unless otherwise determined by the Committee and subject to Section 12(e),
an Award of Restricted Stock Units shall be adjusted to reflect deemed reinvestment in additional Restricted Stock Units of the dividends that would be paid and distributions that would be made with respect to the Award of Restricted Stock Units if
it consisted of actual Shares. 
 (d)    Termination of Service. The effect of a Participant’s Termination
of Service on any Award of Restricted Stock Units then held by such Participant shall be set forth in the applicable Award Agreement or any other document approved by the Committee and applicable to such Award. 

SECTION 8.    Other Stock-Based Awards 

The Committee may grant Awards of Shares or related to Shares not otherwise described herein in such amounts and subject to such terms and
conditions consistent with the terms of this Plan as the Committee shall determine. Without limiting the generality of the preceding sentence, each such Other Stock-Based Award may (a) involve the transfer of actual Shares to Participants,
either at the time of grant or thereafter, or payment in cash or otherwise of amounts based on the value of Shares, (b) be subject to performance-based and/or service-based conditions, (c) be in the form of phantom stock, performance
shares, deferred share units or share-denominated performance units, or other Awards denominated in, or with a value determined by reference to, a number of Shares that is specified at the time of the grant of such Award, and (d) be designed to
comply with applicable laws of jurisdictions other than the United States. 
 SECTION 9.    Cash Awards 

The Committee may grant Awards to Eligible Individuals that are denominated and payable in cash in such amounts and subject to such terms and
conditions consistent with the terms of this Plan as the Committee shall determine. With respect to a Cash Award subject to Performance Goals, the Performance Goals to be achieved during any performance period and the length of the performance
period shall be determined by the Committee upon the grant of such Cash Award. 

  
 -13- 

 SECTION
10.    Change-in-Control Provisions 

(a)    General. The provisions of this Section 10 shall, subject to Section 3(d), apply notwithstanding
any other provision of this Plan to the contrary, except to the extent the Committee specifically provides otherwise in an Award Agreement. 

(b)    Impact of Change in Control. Upon the occurrence of a Change in Control, unless otherwise provided in the
applicable Award Agreement: (i) all then-outstanding Stock Options and Stock Appreciation Rights shall become fully vested and exercisable, and all Full-Value Awards (other than performance-based Full-Value Awards) and all Cash Awards (other
than performance-based Cash Awards) shall vest in full, be free of restrictions, and be deemed to be earned and payable in an amount equal to the full value of such Award, except in each case to the extent that another Award meeting the requirements
of Section 10(c) (any award meeting the requirements of Section 10(c), a “Replacement Award”) is provided to the Participant pursuant to Section 3(d) to replace such Award (any award intended to be replaced by a
Replacement Award, a “Replaced Award”), and (ii) any performance-based Full-Value Award or Cash Award that is not replaced by a Replacement Award shall be deemed to be earned and payable in an amount equal to the full value of
such performance-based Award (with all applicable Performance Goals deemed achieved at the greater of (x) the applicable target level and (y) the level of achievement as determined by the Committee not later than the date of the Change in
Control, taking into account performance through the latest date preceding the Change in Control as to which performance can, as a practical matter, be determined (but not later than the end of the applicable performance period)). 

(c)    Replacement Awards. An Award shall meet the conditions of this Section 10(c) (and hence qualify as a
Replacement Award) if: (i) it is of the same type as the Replaced Award (except that for any Replaced Award that is performance-based, the Replacement Award shall be subject solely to time-based vesting for the remainder of the applicable
performance period (or such shorter period as determined by the Committee) and the applicable Performance Goals shall be deemed to be achieved at the greater of (x) the applicable target level; and (y) the level of achievement as
determined by the Committee taking into account performance through the latest date preceding the Change in Control as to which performance can, as a practical matter, be determined (but not later than the end of the applicable performance period));
(ii) it has a value equal to the value of the Replaced Award as of the date of the Change in Control, as determined by the Committee in its sole discretion consistent with Section 3(d); (iii) the underlying Replaced Award was an
equity-based award, it relates to publicly traded equity securities of the Company or the entity surviving the Company following the Change in Control; (iv) it contains terms relating to vesting (including with respect to a Termination of
Service) that are substantially identical to those of the Replaced Award; and (v) its other terms and conditions are not less favorable to the Participant than the terms and conditions of the Replaced Award (including the provisions that would
apply in the event of a subsequent Change in Control) as of the date of the Change in Control. Without limiting the generality of the foregoing, a Replacement Award may take the form of a continuation of the applicable Replaced Award if the
requirements of the preceding sentence are satisfied. If a Replacement Award is granted, the Replaced Award shall 

  
 -14- 

 
not vest upon the Change in Control. The determination whether the conditions of this Section 10(c) are satisfied shall be made by the Committee, as constituted immediately before the Change
in Control, in its sole discretion. 
 (d)    Termination of Service. Notwithstanding any other provision of this
Plan to the contrary and unless otherwise determined by the Committee and set forth in the applicable Award Agreement, upon a Termination of Service of a Participant by the Company without Cause (excluding a Termination of Service due to the
Participant’s death or Disability) within 24 months following a Change in Control, (i) all Replacement Awards held by such Participant shall vest in full, be free of restrictions, and be deemed to be earned in full (with respect to
Performance Goals, unless otherwise agreed in connection with the Change in Control, at the greater of (x) the applicable target level and (y) the level of achievement of the Performance Goals for the Award as determined by the Committee
taking into account performance through the latest date preceding the Termination of Service as to which performance can, as a practical matter, be determined (but not later than the end of the applicable performance period)), and (ii) unless
otherwise provided in the applicable Award Agreement, notwithstanding any other provision of this Plan to the contrary, any Stock Option or Stock Appreciation Right held by the Participant as of the date of the Change in Control that remains
outstanding as of the date of such Termination of Service may thereafter be exercised until the expiration of the stated full Term of such Nonqualified Stock Option or Stock Appreciation Right. 

(e)    Definition of Change in Control. For purposes of this Plan, a “Change in Control” shall
mean the occurrence of any of the following events: 
 (i)    An acquisition by any individual, entity or
group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act)
of 30% or more of either (1) the then outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (2) the combined voting power of the then outstanding voting securities of the Company
entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a
Change in Control: (1) any acquisition directly from the Company; (2) any acquisition by the Company; (3) any acquisition by one or more Investors; (4) any acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any entity controlled by the Company; or (5) any acquisition by any entity pursuant to a transaction that complies with clauses (1), (2) and (3) of subsection (iii) of this Section 10(e); or 

(ii)    A change in the composition of the Board such that the individuals who, as of the Effective Date,
constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual who becomes a member of the Board subsequent to the Effective
Date whose election, or nomination for election by the Company’s shareholders, was approved by a 

  
 -15- 

 
vote of at least a majority of those individuals who are members of the Board and who were also members of the Incumbent Board (or deemed to be such pursuant to this proviso) shall be considered
as though such individual were a member of the Incumbent Board; provided further, that any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board shall not be considered as a member of the Incumbent Board; or 

(iii)    The consummation of a reorganization, merger, statutory share exchange or consolidation or similar
transaction involving the Company or any of its Subsidiaries or sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets or securities of another entity by the Company or any of its
Subsidiaries (a “Business Combination”), in each case, unless, following such Business Combination: (1) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 50% of, respectively, the then outstanding shares of common stock (or, for a
noncorporate entity, equivalent securities) and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors (or, for a noncorporate entity, equivalent securities), as the case may be,
of the entity resulting from such Business Combination (including an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in
substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be; (2) no Person (excluding any entity
resulting from such Business Combination or any employee benefit plan (or related trust) of the Company or such entity resulting from such Business Combination) beneficially owns, directly or indirectly, 30% or more of, respectively, the then
outstanding shares of common stock (or, for a noncorporate entity, equivalent securities) of the entity resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such entity except to the
extent that such ownership existed prior to the Business Combination; and (3) at least a majority of the members of the board of directors (or, for a noncorporate entity, equivalent body or committee) of the entity resulting from such Business
Combination were members of the Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or 

(iv)    The approval by the shareholders of the Company of a complete liquidation or dissolution of the
Company. 

  
 -16- 

 Notwithstanding any other provision of this Plan, any Award Agreement or any Individual Agreement, with
respect to any Award that constitutes “nonqualified deferred compensation” within the meaning of Section 409A of the Code, a Change in Control shall not constitute a settlement or distribution event with respect to such Award, or an
event that otherwise changes the timing of settlement or distribution of such Award, unless the Change in Control also constitutes an event described in Section 409A(a)(2)(v) of the Code and the regulations thereto. For the avoidance of doubt,
this paragraph shall have no bearing on whether an Award vests pursuant to the terms of this Plan or the applicable Award Agreement or Individual Agreement. 

SECTION 11.    Term, Termination and Amendment 

(a)    Effectiveness. This Plan will be effective as of the date of the Company’s initial public offering (the
“Effective Date”). 
 (b)    Termination. This Plan shall terminate on the tenth anniversary of
the Effective Date. Awards outstanding as of such date shall not be affected or impaired by the termination of this Plan. 

(c)    Amendments. The Committee may amend, alter, or discontinue this Plan or an Award, provided that no
amendment, alteration or discontinuation shall be made that would materially impair the rights of the Participant with respect to a previously granted Award without such Participant’s consent, except to the extent necessary to comply with
applicable law, including Section 409A of the Code, Applicable Exchange listing standards or accounting rules. In addition, no amendment shall be made without the approval of the Company’s shareholders to the extent such approval is
required by applicable law or the listing standards of the Applicable Exchange or as contemplated by Section 5(c). 
 SECTION
12.    Miscellaneous Provisions 
 (a)    Conditions for Issuance. The Committee may
require each person purchasing or receiving Shares pursuant to an Award to represent to and agree with the Company in writing that such person is acquiring the Shares without a view to the distribution thereof. The certificates for such Shares may
include any legend that the Committee deems appropriate to reflect any restrictions on transfer. Notwithstanding any other provision of this Plan or agreements made pursuant thereto, the Company shall not be required to issue or deliver any Shares
(whether in certificated or book entry form) under this Plan prior to fulfillment of all of the following conditions: (i) listing or approval for listing upon notice of issuance, of such Shares on the Applicable Exchange; (ii) any
registration or other qualification of such Shares of the Company under any state or federal law or regulation, or the maintaining in effect of any such registration or other qualification that the Committee shall, in its absolute discretion upon
the advice of counsel, deem necessary or advisable; and (iii) obtaining any other consent, approval, or permit from any state or federal governmental agency that the Committee shall, in its absolute discretion determine to be necessary or
advisable. 
 (b)    Additional Compensation Arrangements. Nothing contained in this Plan shall prevent the
Company or any Subsidiary or Affiliate from adopting other or additional compensation arrangements for its employees. 

  
 -17- 

 (c)    No Contract of Employment. This Plan shall not constitute
a contract of employment, and adoption of this Plan shall not confer upon any employee any right to continued employment, nor shall it interfere in any way with the right of the Company or any Subsidiary or Affiliate to terminate the employment of
any employee at any time. 
 (d)    Taxes. 

(i)    Withholding. No later than the date as of which an amount first becomes includible in the gross income of a
Participant for federal, state, local or foreign income or employment or other tax purposes with respect to any Award under this Plan, such Participant shall pay to the Company, or make arrangements satisfactory to the Company regarding the payment
of, any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Company, withholding obligations may be settled with Common Stock, including Common Stock that
is part of the Award that gives rise to the withholding requirement, having a Fair Market Value on the date of withholding equal to the amount to be withheld for tax purposes, all in accordance with such procedures as the Committee establishes. The
obligations of the Company under this Plan shall be conditional on such payment or arrangements, and the Company and its Affiliates shall, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to such
Participant. The Committee may establish such procedures as it deems appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common Stock; provided, however, unless otherwise subsequently
determined by the Committee, with respect to a Participant subject to Section 16 of the Exchange Act, the withholding of Shares by the Company or any of its Affiliates to satisfy tax, exercise price or other withholding obligations in respect
of an Award shall be mandatory. 
 (ii)    Section 409A. This Plan and the Awards hereunder are intended to
comply with the requirements of Section 409A of the Code or an exemption or exclusion therefrom and, with respect to amounts that are subject to Section 409A of the Code, it is intended that this Plan be administered in all respects in
accordance with Section 409A of the Code. Each payment under any Award shall be treated as a separate payment for purposes of Section 409A of the Code. In no event may a Participant, directly or indirectly, designate the calendar year of
any payment to be made under any Award that constitutes nonqualified deferred compensation subject to Section 409A of the Code. Notwithstanding any other provision of this Plan or any Award Agreement to the contrary, if a Participant is a
“specified employee” within the meaning of Section 409A of the Code (as determined in accordance with the methodology established by the Company), amounts that constitute “nonqualified deferred compensation” within the
meaning of Section 409A of the Code that otherwise would be payable by reason of a Participant’s Separation from Service during the six-month period immediately following such Separation from Service
shall instead be paid or provided on the first business day following the date that is six months following the Participant’s Separation from Service or any earlier date permitted by Section 409A of the Code. If the Participant dies
following the Separation from Service and prior to the payment of any amounts delayed on account of Section 409A of the Code, such amounts shall be paid to the personal representative of the Participant’s estate within 30 days following
the date of the Participant’s death. 

  
 -18- 

 (e)    Limitation on Dividend Reinvestment and Dividend
Equivalents. Reinvestment of dividends in additional Restricted Stock at the time of any dividend payment, and the payment of Shares with respect to dividends to Participants holding Awards of Restricted Stock Units or Other Stock-Based Awards,
shall only be permissible if sufficient Shares are available under Section 3 for such reinvestment or payment (taking into account then-outstanding Awards). If sufficient Shares are not available for such reinvestment or payment, such
reinvestment or payment shall be made in the form of a grant of Restricted Stock Units or Other Stock-Based Awards equal in number to the Shares that would have been obtained by such payment or reinvestment, the terms of which Restricted Stock Units
or Other Stock-Based Awards shall provide for settlement in cash and for dividend equivalent reinvestment in further Restricted Stock Units or Other Stock-Based Awards on the terms contemplated by this Section 12(e). Unless otherwise determined
by the Committee, any dividends or dividend equivalents credited with respect to any Award shall be subject to the same time and/or performance-based vesting conditions applicable to such Award and shall, if vested, be delivered or paid at the same
time as such Award. 
 (f)    Designation of Death Beneficiary. The Committee shall establish such procedures as
it deems appropriate for a Participant to designate a beneficiary to whom any amounts payable in the event of such Participant’s death are to be paid or by whom any rights of such eligible Individual, after such Participant’s death, may be
exercised. 
 (g)    Subsidiary Employees. In the case of a grant of an Award to any employee of a Subsidiary,
the Company may, if the Committee so directs, issue or transfer the Shares, if any, covered by the Award to the Subsidiary, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Subsidiary will
transfer the Shares to the employee in accordance with the terms of the Award specified by the Committee pursuant to the provisions of this Plan. All Shares underlying Awards that are forfeited or canceled revert to the Company. 

(h)    Governing Law and Interpretation. This Plan and all Awards made and actions taken hereunder shall be
governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. The captions of this Plan are not part of the provisions hereof and shall have no force or effect. Whenever the
words “include,” “includes” or “including” are used in this Plan, they shall be deemed to be followed by the words “but not limited to” and the word “or” shall be understood to mean
“and/or.” 
 (i)    Non-Transferability. Except as otherwise
provided in Sections 5(h) or as determined by the Committee, Awards under this Plan are not transferable except by will or by laws of descent and distribution. 

  
 -19- 

 (j)    Unfunded Status of the Plan. It is intended that this Plan
constitute an “unfunded” plan. Neither the Company nor the Committee shall have any obligation to segregate assets or establish a trust or other arrangements to meet the obligations created under this Plan. Any liability of the Company to
any Participant with respect to an Award shall be based solely upon contractual obligation created by this Plan and the Award Agreement. No such obligation shall be deemed to be secured by any pledge or encumbrance on the property of the Company.

  
 -20-EX-10.3

 Exhibit 10.3 

EXECUTIVE COMPENSATION AGREEMENT 

This Executive Compensation Agreement (this “Agreement”) is entered into effective as of January 1, 2019 (the
“Effective Date”), by and between Guild Mortgage Company, a California corporation (“Guild”), and Mary Ann McGarry (“McGarry”), as follows: 

1.    Term. The term of this Agreement shall commence on the Effective Date, and continue until the
first anniversary of the Effective Date (the “Term”). Upon the expiration of the Term, this Agreement shall automatically renew on the same basis as set forth in this Agreement for consecutive 1 year terms, unless McGarry and Guild
(a) mutually agree, in writing, to terminate this Agreement; (b) enter into a later Executive Compensation Agreement; or (c) McGarry’s employment with Guild is terminated by Guild or McGarry pursuant to the terms of this
Agreement. 
 2.    Base Salary. During the Term, Guild shall pay to McGarry an annual base
salary of $600,000 (the “Base Salary”). The Base Salary shall be paid at least monthly at such times and in such manner as is consistent with Guild’s regular payroll practices and polices. Guild shall deduct and withhold all necessary
Social Security and withholding taxes and any other similar amounts required by law from any compensation paid to McGarry. 

3.    Annual Bonus. In addition to the Base Salary, McGarry will be eligible for an annual bonus
equal to 44.5% of the Incentive Pool (as defined in Exhibit A attached hereto) (“the Bonus”). The Incentive Pool is based on Guild’s annual return on average equity (“ROAE” determined as described in Exhibit A). The Bonus
shall be cumulative and determined on an annual basis and paid within 30 days of the end of the Term. 

4.    Termination. If McGarry’s at-will employment
with Guild is terminated by Guild during the Term, whether voluntarily or involuntarily, Guild shall pay to McGarry the Base Salary payable to McGarry up to and including the last day of McGarry’s employment. In addition, Guild shall calculate
and pay the Bonus to McGarry within 30 days after the end of the Term. For purposes of this Section 4, the Bonus will be calculated pro rata as of the last day of McGarry’s employment by (a) multiplying the Bonus to which she would
have been entitled as of the last day of the Term, if then employed, by the percentage of the calendar year that elapsed prior to the date of her termination, and (b) then subtracting from the amount determined pursuant to Section 4(a) any
quarterly draws paid prior to termination in accordance with Section 3. 
 5.    Release of
Claims. In addition to the payments described in Paragraph 4, if McGarry’s at-will employment with Guild is terminated by Guild during the Term, with or without cause, or if ill health permanently
prevents her from performing all her responsibilities as President and Chief Executive Officer, upon receipt of an executed waiver and release (in a form acceptable to Guild) of all claims which McGarry may then or in the future have against Guild
or any of its shareholders, directors, officers or employees, Guild shall pay to McGarry $600,000, in 24 monthly installments of $25,000.00 beginning 30 days after the last day of McGarry’s employment with Guild. 

6.    Nonsolicitation. In the event of the early termination of this Agreement by McGarry or Guild
or expiration of the Term, McGarry shall not directly or indirectly, for a period of 1 year following the date of McGarry’s termination, employ or solicit for employment any individual (including any branch manager or loan officer) who is, has
agreed to be, or within 1 year of such employment or solicitation has been employed by Guild or any of its affiliates. 

 7.    Miscellaneous. This Agreement (including
Exhibit A attached to this Agreement) comprises the entire agreement between McGarry and Guild relating to the subject matter hereof, and shall supersede all other written and oral understandings or agreements relating to the subject matter hereof,
including, but not limited to, all prior Executive Compensation Agreements by and between Guild and McGarry. This Agreement and the rights, interest and obligations of Guild hereunder shall be assignable to and shall inure to the benefit of any
assignee of Guild. This Agreement is not assignable by McGarry. Guild and McGarry have each participated in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement
shall be construed as if drafted jointly by Guild and McGarry and no presumption or burden of proof shall arise favoring or disfavoring Guild or McGarry by virtue of the authorship of any of the provisions of this Agreement. This Agreement shall be
governed by, construed, and enforced in accordance with the laws of the State of California. Guild and McGarry agree that any action by either party to enforce the terms of this Agreement shall be exclusively brought by the other party an
appropriate state or federal court in San Diego County, California and waives all objections based upon lack of jurisdiction or improper or inconvenient venue of any such court. Guild and McGarry intend and agree that if a court of competent
jurisdiction determines that the scope of any provision of this Agreement is too broad to be enforced as written, the court should reform such provisions to such narrower scope as it determines to be enforceable. Guild and McGarry further agree that
if any provision of this Agreement is determined to be unenforceable for any reason, and such provision cannot be reformed by the court as anticipated above, such provision shall be deemed separate and severable and the unenforceability of any such
provisions shall not invalidate or render unenforceable any of the remaining provisions hereof. 
 GUILD MORTGAGE COMPANY, 

a California corporation 
  

									
	 By:      
	 	 /s/ Michael C. Meyer
	 	
                       
 
	  	 /s/ Mary Ann McGarry
	  	
                       
 

		 	 Michael C. Meyer, Chairman
	 		  	 Mary Ann McGarry
	  	

  
 2 

 EXHIBIT A 

1.    “Pre-Tax Profit” shall be defined as the pre-tax profit and loss set forth on Guild’s
monthly Value Added P&L Recap with an adjustment to add back any book entry to recapture or impairment of servicing rights. 

2.    “Partner Group” shall include: Mary Ann McGarry, Terry Schmidt, Cathy Blocker, Mike Rish
and Linda Scott. 
 3.    “ROAE” shall be defined as (a) the Pre-Tax Profit during the
applicable calendar year during the Term, divided by (b) the average of the book value of Guild as reflected on Guild’s balance sheet as of the last day of each calendar quarter during such calendar year. 

4.    “Incentive Pool” shall be calculated in tiers based on ROAE as follows: 

 

					
	 Tier
	 	 ROAE
	 	
Incentive Pool

	 0
	 	 Less than
15.00%
	 	
$750,000

	 1
	 	 15.00% - 19.99%
	 	
$875,000

	 2
	 	 20.00% -
24.99%
	 	
$1,750,000

	 3
	 	 25.00% -
29.99%
	 	
$2,625,000

	 4
	 	 30.00%
	 	
$3,500,000

	 5
	 	 Greater than
30.00%
	 	
$3,500,000 plus an additional amount to be mutually determined by Guild’s Chief Executive Officer and Chairman of the
Board

 The Incentive Pool will then be distributed among the Partner Group based on a
predetermined allocation, in accordance with the Executive Compensation Agreements of the Partner Group; provided, however, in the event the Incentive Pool is based on Tier 0, the Incentive Pool shall be allocated based on each member of the Parmer
Group’s individual performance, as determined in the sole discretion of the Chief Executive Officer, rather than the predetermined allocations. For tiers 1-5, McGarry’s percentage shall be calculated
on 44.5% of the Incentive Pool. 
 5.     For purposes of illustration only and not as any guaranty,
McGarry has the potential of earning the following compensation during the initial calendar year of the Term: 
 Example
1: 

							
	 Pre-Tax Profit:
	  	$99,718,492	  		  	
	 3/31/19 Book Value:
	  	$454,384,973	  		  	
	 6/30/19 Book Value:
	  	$477,805,502	  		  	
	 9/30/19 Book Value:
	  	$496,740,705	  		  	
	 12/31/19 Book Value:
	  	$509,123,548	  		  	
	 ROAE:
	  	21%	  		  	
	 Incentive Pool:
	  	$1,750,000	  		  	
			
	 Salary
	  		  	$600,000
	 Annual bonus (based on 44.5% of Incentive Pool)
	  		  	$778,971    
	 Total
	  		  		  	$1,378,971

  
 3 

 Example 2: 

 

							
	 Pre-Tax Profit:
	  	$125,000,000	  		  	
	 3/31/19 Book Value:
	  	$454,384,973	  		  	
	 6/30/19 Book Value:
	  	$477,805,502	  		  	
	 9/30/19 Book Value:
	  	$496,740,705	  		  	
	 12/31/19 Book Value:
	  	$509,123,548	  		  	
	 ROAE:
	  	25.80%	  		  	
	 Incentive Pool:
	  	$2,625,000	  		  	
			
	 Salary
	  		  	$600,000
	 Annual bonus (based on 44.5% of Incentive Pool)
	  		  	$1,168,456    
	 Total
	  		  	$1,768,456

  
 4

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