Market Overview

Guaranteed Rate Continues Record-Breaking Streak through April

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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.

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"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

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