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]
Acquisitions
In 2012, Guaranteed Rate acquired Manhattan Mortgage, a residential mortgage brokerage in the New York Metropolitan Area.[5] 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.[6] In also acquired lender FirsTrust Mortgage in Overland Park, Kansas.[7]
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[8]
- Guaranteed Rate named a top private U.S. job creator by Inc. Magazine[8]
- Guaranteed Rate ranked as a top workplace by the Chicago Tribune[9]
- 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 2 "Guaranteed Rate launches TV ads with Ty Pennington". Crain's Chicago Business. 2014-01-13. Retrieved 2014-01-13.
- 1 2 "Find An Office Near You". Guaranteed Rate. 2014-01-13. Retrieved 2014-01-13.
- ↑ "Victor Ciardelli, president and CEO, Guaranteed Rate Inc.". Smart Business. 2012-07-01. Retrieved 2013-02-14.
- 1 2 3 "Yes, that's Ty Pennington in those Guaranteed Rate ads". Crain's Chicago Business. 2014-01-14. Retrieved 2014-10-10.
- ↑ "Guaranteed Rate purchases Manhattan Mortgage". Housing Wire. 2012-08-30. Retrieved 2013-02-14.
- ↑ "Grand Rapids mortgage firm acquired by Guaranteed Rate of Chicago". MLive/Grand Rapids Press. March 3, 2014. Retrieved 2013-10-10.
- ↑ "Guaranteed Rate to Acquire FirsTrust Mortgage in Kansas". Origination News. Jul 8, 2014. Retrieved 2014-10-10.
- 1 2 "Guaranteed Rate Company Profile by Inc. Magazine". Inc. Magazine. 2013-05-15. Retrieved 2013-05-15.
- ↑ "Chicago Tribune Top Places To Work 2012 - Guaranteed Rate". Chicago Tribune. 2012-12-01. Retrieved 2013-05-15.
- ↑ "Lender of the Year Guaranteed Rate". Chicago Agent Magazine. 2011-11-07. Retrieved 2013-05-15.
- ↑ "2012 Midwest Award Winners". Ernst & Young. 2012-06-21. Retrieved 2013-05-15.
- ↑ "BBB Business Review of Guaranteed Rate". Better Business Bureau. 2013-05-15. Retrieved 2013-05-15.
- ↑ "2013 Moxie Award Winners". Built In Chicago. 2013-06-05. Retrieved 2013-09-16.