Guaranteed Rate Continues Record-Breaking Streak through April
Guaranteed Rate, one of the nation’s largest retail mortgage lenders, reached $3 billion in total locked loan volume for the month of April and eclipsed records previously broken in March. In a highly-competitive housing market, the retail mortgage lender showed it’s the home purchase expert by achieving the following records: 9,387 in total locked units, $2.5 billion in locked purchase volume and 8,041 in locked purchase units.
“It’s absolutely astounding to see these records being achieved and occurring only one month after a record-breaking March,” said Founder and CEO Victor Ciardelli. “In a shrinking market, it’s incredibly rewarding to have financed this many homes and to have been part of our customer’s journey to home ownership.”
Freddie Mac forecasts the 2018 loan originations market to be down about 20% compared to 2016, according to Ciardelli. “With a two-month, record breaking streak, our team is seizing the market share and proving that Guaranteed Rate has the winning formula for success.”
Further demonstrating aggressive growth, Guaranteed Rate had its largest loan officer recruiting class in April, recruiting a total of 70 originators. The company expects 2018 to be its largest hiring growth year in company history.