Guaranteed Rate Posts the Highest Annual Revenue Growth in Crain's Chicago Survey
Chicago, Illinois - Guaranteed Rate, Inc. was featured on Crain's Chicago Business' annual list of Largest Privately Held Companies. Out of all privately held companies in Chicago, Guaranteed Rate had the largest revenue growth for 2009, increasing 80 percent from last year. Funding over $5 billion in loans and achieving revenue of $117.3 million for 2009, the company is the only mortgage lender among this prestigious list of Chicago-based companies. Guaranteed Rate is also a leader in marketshare for residential mortgage originations in 2009.
Crain's Chicago is a highly reputable source for Chicago's business news and has become renowned for its top ranking company lists. Amongst its collection of Largest Privately Held Companies, Guaranteed Rate has been consistently mentioned on Crain's Chicago "Fast Fifty", which highlights the fastest growing and innovative companies in the Chicago area. The lender was also previously voted the number one mortgage lender by Chicago area realtors in an independent survey conducted by Chicago Agent Magazine.
The Crain's Chicago feature follows a recent release of Scotsman Guide's Top Originators of 2009, where twelve of Guaranteed Rate's Vice Presidents of Mortgage Lending were announced as the top-producing loan officers of last year.
About Guaranteed Rate
Guaranteed Rate, Inc., headquartered in Chicago, is America's fastest growing independent residential mortgage banker. Founded in 2000 the lending company has expanded into forty-one states and currently has over fifty branches. In 2008 alone, Guaranteed Rate has added 23 branches (a 76 percent branch center growth), and continues to grow at a rapid pace. The company, which houses nearly 900 full-time employees across the country, aims to further its brand by developing its current locations and expanding into new markets.
Guaranteed Rate's innovative approach to mortgage lending has led to a business model that significantly streamlined the mortgage process and reduced overall operating costs; a savings that is passed on to consumers by offering the lowest rates in the market. Over the course of several years, the company has consistently maintained a 98 percent mortgage satisfaction level in all customer service areas, providing clients with the highest quality service with the lowest rates.