Guaranteed Rate Recognized as a Top 10 Mortgage Lender For First Time in 12-Year History
Guaranteed Rate, the second largest independent mortgage company in the US, announced that it moved up to No. 10 on National Mortgage News’ list of the nation’s largest retail mortgage lenders for the third quarter.
During the third quarter of 2012, Guaranteed Rate funded more than 15,000 mortgage loans, totaling more than $4.09 billion, a 137 percent increase over 2011 same quarter results. Last year, the company was ranked No. 17 nationally with annual mortgage fundings of $6.9 billion, and just four years ago, Guaranteed Rate was not even included as a top 30 largest lender. Since its inception in 2000, Guaranteed Rate has grown incrementally every year and will fund more than $14.5 billion in mortgage loans in 2012.
“Since our inception in 2000, Guaranteed Rate has had a laser focus on providing high quality loan products with exceptional service, and our customers recognize when they’ve had a great experience with us,” said Victor Ciardelli, Guaranteed Rate’s president and CEO. “Much of our business is built on word-of-mouth and referrals, so to reach new customers, we go above and beyond for our current customers, and we’re proud that our efforts have helped us become one of the top 10 largest retail lenders in the US.”
Today, Guaranteed Rate employs more than 2,350 with 141 offices in 47 states and Washington, D.C. Guaranteed Rate was recently recognized by Inc. magazine as a top 100 private job creator, ranking No. 32, on the influential publication’s inaugural Hire Power Awards list. Every year since 2007, Guaranteed Rate has been included on Crain’s Chicago Business’ list of the fifty fastest growing companies in the Chicagoland area. The company was recently named as a top place to work by the Chicago Tribune and was voted the No. 1 mortgage lender by Chicago area Realtors the last two years in a row. Guaranteed Rate’s ongoing strategy is to replicate its successful business model on a national level.