Guaranteed Rate
| Private | |
| Industry | Mortgage |
| Founded | 2000 |
| Founder | Victor Ciardelli |
| Headquarters | Chicago, Illinois, USA |
|
Number of locations
|
175 |
| Products | Mortgage |
|
Number of employees
|
2,650 |
| Website | www.guaranteedrate.com |
Guaranteed Rate Inc., is a U.S. residential mortgage company, headquartered in Chicago, Illinois. Founded in 2000 by Victor Ciardelli, the company employs approximately 2,650 and was ranked as the 10th largest lender in 2014.[1] The company has approximately 175 offices nationwide and has licenses in 50 states.[2]
History
In 2013, Guaranteed Rate funded more than $15.9 billion in residential home loans, an increase of $1.2 billion over 2012.[1] Customer surveys have consistently shown a 97 percent satisfaction score for the company.[3]
Guaranteed Rate was the 10th-largest retail mortgage lender in the country in the first nine months of 2013 while in 2012, it was 12th.[4]
In 2014, Guaranteed Rate launched its first national ad campaign, featuring personality Ty Pennington.[4] The company budgeted up to $10 million for the campaign, growing to as much as $15 million in 2015.[4]
In March 2016, Guaranteed Rate was found guilty in California of defrauding Mount Olympus Mortgage and ordered to pay $25 million in damages to the Irvine, California based company.[5]
Acquisitions
In 2012, Guaranteed Rate acquired Manhattan Mortgage, a residential mortgage brokerage in the New York Metropolitan Area.[6] Founded in 1985 by Melissa L. Cohn, the company employed more than 100 home loan professionals and originated loans in New York, Vermont, Massachusetts, Connecticut, Florida and New Jersey.[2]
In 2014, Guaranteed Rate acquired Sun State Home Loans, Nationwide Direct, and Arbor Mortgage in one deal.[7] In also acquired lender FirsTrust Mortgage in Overland Park, Kansas.[8]
Awards and accolades
- Guaranteed Rate recognized as one of the most successful private companies in the U.S. for a fifth consecutive year by Inc. Magazine[9]
- Guaranteed Rate named a top private U.S. job creator by Inc. Magazine[9]
- Guaranteed Rate ranked as a top workplace by the Chicago Tribune[5]
- Guaranteed Rate was named the Lender of the Year by Chicago Agent Magazine[10]
- Founder and CEO, Victor Ciardelli, III was named an Ernst & Young Entrepreneur of the Year Award winner in 2012[11]
- Better Business Bureau A+ Rating[12]
- Guaranteed Rate wins Moxie Award For Best Corporate Digital Innovation 2013 for Guaranteed Rate's Online Mortgage App[13]
References
- ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found. Cite error: Invalid
<ref>tag; name "Crain.27s_Chicago_Business" defined multiple times with different content - ↑ 2.0 2.1 Lua error in package.lua at line 80: module 'strict' not found. Cite error: Invalid
<ref>tag; name "Guaranteed_Rate" defined multiple times with different content - ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 4.0 4.1 4.2 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 5.0 5.1 Lua error in package.lua at line 80: module 'strict' not found. Cite error: Invalid
<ref>tag; name "Chicago_Tribune" defined multiple times with different content - ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
