Guaranteed Rate Recognized as the Eighth Largest Mortgage Company in the US
By: Nicole Gates
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.
“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.”