GUARANTEED RATE RANKED #1 FOR REVENUE GROWTH ON LIST OF LARGEST PRIVATELY HELD COMPANIES
- The eight largest mortgage company in the U.S. was featured in the annual Crain’s Chicago Business list for the sixth consecutive year -
CHICAGO (April 22, 2013) – Driven by the largest revenue growth, year over year, of any private company in the Chicago area, Guaranteed Rate, the eight largest mortgage company in the U.S., was recognized as a top privately held company by Crain’s Chicago Business magazine for the sixth year in a row. Guaranteed Rate achieved 172 percent growth, generating $496.5 million in revenue and funding more than $14.7 billion in home loans last year. Coming in at No. 78 out of 308 on the list, the company’s growth led it to move up from the No. 167 position in 2011.
Guaranteed Rate has increased revenue and loan originations every year since it was founded in 2000. The company doubled its loan funding from 2011 to 2012, allowing it to grow from the 16thlargest mortgage company in the U.S. to No. 8 by the end of last year. The growth of the company is driven by a focus on providing low rate, low fee mortgages, exceptional service and a more efficient process, including the recent launch of an online loan application on GuaranteedRate.com, where customers can get approved for a loan in as little as 15 minutes.
“Guaranteed Rate’s growth correlates with our hyper-focus on our customers, loan officers and real estate partners through developing industry-leading technology that enables us to make the home loan process more efficient while offering the best selection of loans with the lowest combination of rate and fees,” said Victor Ciardelli, president and CEO of Guaranteed Rate. “We are committed to continuing to offer the best mortgage experience possible and we’re honored to be recognized by Crain’s Chicago Business for the sixth year in a row.”
Guaranteed Rate consistently records a 96 percent approval rating with its customers. The company employs nearly 2,600 with 150 offices and licenses in 49 states and Washington, D.C. The ranking in Crain’s Chicago Business comes on the heels of a number of recent recognitions, including being named the eighth largest mortgage company in the U.S., designated the No. 1 mortgage company in America by Mortgage Executive Magazine, and being 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.
Bree Witt
Public Relations Manager
bree.witt@guaranteedrate.com
773-516-6229
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 named the No. 1 mortgage company in America by Mortgage Executive Magazine and recognized by Inc. magazine as a top U.S. job creator. Visit www.guaranteedrate.com for more information.
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