Guaranteed Rate Bolsters Online Efforts, Hires Two New Senior Executives

FOR IMMEDIATE RELEASE:

CHICAGO, IL - April 4, 2012 – Guaranteed Rate, Inc., America's fastest growing mortgage company, announced the hiring of two new senior executives to its Online Division. Scott G. Stephen has recently joined as President, and Bob Armour was named Chief Marketing Officer of the division.

Immediately prior to joining Guaranteed Rate, Scott Stephen was at Playboy Enterprises for over eight years, most recently as COO, where he oversaw the digital and print operations of the company.  Before that, he was the COO at YesMail, the pioneering email marketing company that was sold to CMGI for $650 million in 1999.

 “I’m thrilled to be joining Guaranteed Rate. The Company has built a strong business and reputation based on three tenets that I really believe in: fanatical customer service, excellent pricing for customers and a transparent and simple process,” said Stephen. “Victor Ciardelli’s (President and CEO) vision to Revolutionize Life’s Biggest Purchase really resonated with me, and the opportunity to help create a world-class online solution is something that I couldn’t pass up."

Bob Armour comes to Guaranteed Rate from Timelines, Inc., a startup company funded by Apex Venture Partners and Trident Capital that helps people and companies record and share events online and through mobile apps. Armour was at Timelines for more than three years, most recently as Chief Executive Officer. Prior to Timelines, he was the Chief Marketing Officer at ShopLocal, a company that provides marketing services to national retailers advertise local sales, and deals using the web and mobile devices. Armour was at ShopLocal for over five years and has been working in digital marketing since 2000.

"More and more home buyers and home owners are using the Internet to research and apply for mortgages, and we intend to be a major force in the market,” said Victor Ciardelli.  “We're very happy to welcome Scott and Bob to our team, and we’re excited to grow our business on GuaranteedRate.com.”

Guaranteed Rate, Inc. is America's fastest growing mortgage company. The Company has helped over 100,000 people with their home purchases and refinancings. With its full service solution and 116 offices in 47 states, Guaranteed Rate assists customers the way they choose – face to face, over the phone or online – and has funded over $34 billion of loans since 2000. Visit www.guaranteedrate.com for more information.

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Contact:

Tiffany R. Cummins

TRC & Associates

(925)212-4200

www.trcassociates.com

tiffany@trcassociates.com