Guaranteed Rate Continues Record-Breaking Streak through

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
105
Guaranteed Rate Continues Record-Breaking Streak through April

Chicago, May 10, 2018 (GLOBE NEWSWIRE) -- 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.

 

About Guaranteed Rate

Guaranteed Rate is one of the largest retail mortgage lenders in the United States. Headquartered in Chicago, the company has approximately 210 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $19 billion in loans in 2017 alone. The company has become the Home Purchase Experts® by introducing the world's first Digital Mortgage technology and offering low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Guaranteed Rate won an American Business Award for its Digital Mortgage technology in 2016, ranked No. 1 in Scotsman Guide's Top Mortgage Lenders 2016, was chosen as Top Lender 2016 and 2017 by Chicago Agent magazine, made the Chicago Tribune's Top Workplaces list seven of the past eight years, and was named Best Overall Online Lender and Best Lender for FHA Refinance by NerdWallet in 2018. Visit rate.com for more information.

Grace Bondy Guaranteed Rate 7734357883 grace.bondy@rate.com

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Intus Bio Secures $2.7M for Colorectal Cancer Test

Updated Category News Views 5

Pioneering Efforts in Early-Onset Colorectal Cancer Detection The battlefield of colorectal cancer prevention just got a serious upgrade with Intus Bio grabbing a $2.7 million award. This ain't just pocket change—it's a shot at rewriting the script on how we approach early-onset colorectal cancer, the pesky number one cancer gnawing at the under-50 crowd. Partnering...

Continue Reading
DCM Services Teams with AKUVO to Boost Estate Recoveries

Updated Category News Views 14

Revolutionizing Estate Recovery Practices Here's the scoop: DCM Services (DCMS), that big shot in estate account resolution, is hooking up with AKUVO to shake up how credit unions handle estate recoveries. This alliance is a clear nod to modernizing a process stuck in the past. Let’s face it, handling decedent and probate accounts is no cakewalk, and traditional methods...

Continue Reading
QuickFi Nabs Top Finovate Award for Fourth Time

Updated Category News Views 5

An Unstoppable Force in Fintech Well, if QuickFi hasn't made a name for itself in fintech, then folks, I don't know what to tell you. This year, they’ve snagged yet another prestigious Finovate Award—this time for Best SMB/SME Banking Solution. That's not their first rodeo either; it’s the fourth time they’ve walked away winners. It's almost like they're...

Continue Reading
2026 Buy-Side Index Reveals State Market Variance

Updated Category News Views 7

Toss out your one-size-fits-all real estate predictions; the Q2 2026 Buy-Side Index just unveiled some real whoppers about the housing market. What we're seeing isn't your typical year-over-year growth across the board. Nope, we're seeing splits as sharp as a knife between states. Some places are shooting up in price, while others seem to be stuck in mud. Price Surges and...

Continue Reading
NYSE Reflects on 9/11: Honoring Lives and Legacy

Updated Category News Views 7

A Somber Day at NYSE: Reflecting on 9/11 September 11th grips the heart of NYSE every year, but this year's 25th-anniversary powerfully reverberates through its hallowed halls. The hustle of the trading floor halts for a moment at 9:20 AM ET, paying homage to those lost in the harrowing attacks. I've seen the markets flap in the wind of countless crises, but nothing's...

Continue Reading
Sustainability Investments: $17 Trillion Wager Faces Divergence

Updated Category News Views 4

Sustainability Investments: A Tale of Contrasts In the world of sustainability, a staggering $17 trillion has been poured into technologies over the past decade. That’s no chump change. But what do we have to show for it? According to Bain & Company’s latest report, this massive financial injection hasn’t exactly hit a home run. Progress, much like the stock market...

Continue Reading
Oil Markets Shift Focus: Pipelines Trump Drilling

Updated Category News Views 8

Decoupling Oil Price and Production Response This oil market isn’t your usual rodeo. With Brent flirting with $100, it’s a seismic shift that’s not yielding new drills but redirecting capital to the existing infrastructure landscape. Ask yourself why we're not seeing the usual cavalry charge of new rigs. It’s simple: Pipeline mileage and producing wells have...

Continue Reading
Lick the Plate Hits 2,000 Shows with Clown Band

Updated Category News Views 5

They say good things come in bizarre packages, and that's exactly the case as David Boylan's Lick the Plate zany celebration marks 15 years on air with its 2,000th episode. If you think of radio as a predictable endeavor, well, you're not tuned into Lick the Plate. A Milepost Draped in Multicolored Fabrics When you're browsing through colorful avenues of radio fame, it's...

Continue Reading
Fermi's Founder Pushes for Board Overhaul: What's Next?

Updated Category News Views 4

Fermi's Roller Coaster: A Founder’s Stand Seems like Fermi Inc. is on a wild ride through the business landscape, and it's giving shareholders more whiplash than satisfaction these days. Toby Neugebauer, co-founder of Fermi and the loudest voice in the room, is feeling like his company is facing some serious turbulence and seems determined not to sit idly by as it hits...

Continue Reading
Supply Maverick Simplifies Global Shipping Processes

Updated Category News Views 5

Paving the Way for Seamless International Shipping Supply Maverick's got a new mantra, folks: simplicity. They're slicing through the mess of international shipping and bringing some much-needed clarity for customers in Canada, Australia, and New Zealand. It’s about time someone shook up the logistics playbook. The Nuts and Bolts of the New Shipping System Imagine being...

Continue Reading

Top 5 Most Recently Viewed Articles

Talisker Resources Successfully Closes Gold-Linked Note Deal

Updated Category News Views 49

Talisker Resources Announces Successful Financing Initiative Talisker Resources Ltd. (TSK) has made headlines with the completion of its latest financing venture involving $1.33 million through the issuance of gold-linked notes. This strategic move is set to propel the progress of Talisker's flagship project, the Bralorne Gold Project, which is currently undergoing...

Continue Reading
Exclusive Riverfront Ranch Auction Revolutionizes Luxury Market

Updated Category News Views 204

Exclusive Riverfront Auction Opportunity A stunning 73+ acre riverfront ranch is set to revolutionize the luxury real estate market with its upcoming absolute auction. This estate, located just outside a world-renowned luxury destination, is poised for a no-reserve sale, guaranteeing that the highest bidder, regardless of price, will walk away with this remarkable...

Continue Reading
Simon Yeung: A Beacon of Young Leadership in Technology

Updated Category News Views 141

Celebrating Young Leadership at APEC Summit HONG KONG – The recent gathering of the Asia-Pacific Entrepreneurs Association during the APEC Summit showcased remarkable talents, including Simon Yeung of BIEL Crystal. This event honored 143 outstanding individuals under the age of 30 from 21 different economies for their groundbreaking contributions across various sectors,...

Continue Reading
Raytron's Vision for Infrared Thermal Imaging Innovations Ahead

Updated Category News Views 207

Raytron Unveils Future Innovations in Infrared Thermal Imaging As the global infrared sensor market grows at a remarkable 6.8% CAGR, approaching 10 billion units by 2030, Raytron stands at the forefront of this exciting industry. Known for its cutting-edge technologies, Raytron recently announced its latest development: an advanced generation of uncooled thermal modules...

Continue Reading
Top AI-Driven Energy Stocks for Long-Term Investment Success

Updated Category News Views 150

Revolutionizing Energy Investment in the Age of AI For savvy investors, understanding the intertwining of artificial intelligence and energy is essential. The rise of AI technology is not just a fleeting trend; it's a fundamental shift, reshaping entire industries, including energy. As demand for electricity surges globally, harnessing AI to enhance energy production and...

Continue Reading