GUARANTEED RATE RECOGNIZED AS THE EIGHTH LARGEST MORTGAGE COMPANY IN THE U.S.
- The lender moves up from the No. 10 spot with a 20 percent increase in loan funding quarter over quarter -
Guaranteed Rate was recently recognized as the eighth largest retail mortgage lender for the fourth quarter of 2012 by National Mortgage News, moving up from the tenth position the previous quarter. The increase in position correlates with a 20 percent increase in loan funding from the third quarter to the fourth quarter.
During the fourth quarter of 2012, Guaranteed Rate funded 17,552 mortgage loans totaling more than $4.9 billion, nearly double its 2011 same quarter results. During the same period in 2011, the company was ranked No. 16 nationally with annual mortgage originations of $6.9 billion. Since Guaranteed Rate was founded in 2000, the company has increased loan originations and revenue every year and is on pace to surpass its 2012 total of more than $14.7 billion in loans. To date, Guaranteed Rate has helped more than 150,000 consumers with more than $50 billion in funding.
The ranking comes on the heels of Guaranteed Rate being recognized as the No. 1 mortgage company in America by Mortgage Executive Magazine. In addition to taking the top spot on the publication’s annual list of the top 200 mortgage companies, Guaranteed Rate has more loan officers included in the top 1 percent of industry professionals across the country, as well as the most loan officers in the top 200 than any other company with 30 included on the list.
“Guaranteed Rate was built on a unique model of serving our customers through low rate, low fee mortgages; providing our loan officers with the ability to focus solely on our customers by reducing administrative tasks; and by building strong relationships with our real estate partners to drive referrals,” said Victor Ciardelli, Guaranteed Rate’s president and CEO. “This model has allowed us to deliver an exceptional experience – we consistently receive a 96 percent customer service rating – and we’re proud to be recognized as the eighth largest retail lender in the U.S.”
Guaranteed Rate employs nearly 2,600 with 150 offices and licenses in 49 states and Washington, D.C. Guaranteed Rate was recently recognized by Inc. magazine as a top 100 private job creator and one of the most successful private companies in the country for the fifth consecutive year.
About Guaranteed Rate
Guaranteed Rate is the eighth largest retail mortgage company in the U.S. and is Revolutionizing Life’s Biggest Purchase™ by offering industry-leading self-service tools, low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Headquartered in Chicago with 150 offices and licensed in 49 states, Guaranteed Rate has helped hundreds of thousands of people with more than $50 billion in home purchase loans and refinances since 2000. Guaranteed Rate was recently recognized by Inc. magazine as a top U.S. job creator. Visit http://www.guaranteedrate.com for more information.