Chicago, IL., Oct. 23, 2018 (GLOBE NEWSWIRE) -- CHICAGO, October 23, 2018 –Guaranteed Rate, an industry leader in technological innovation, tops the list of the Best Mortgage Lenders of 2018, according to U.S. News and World Report. The Chicago-based retail mortgage lender was named the Best Lender for Online Service with its groundbreaking advances to make the mortgage experience fast, simple and secure with its digital platform.
“Being named the best online mortgage company aligns directly with our mission to improve and simplify the entire homebuying process,“ said Guaranteed Rate Founder and CEO Victor Ciardelli. “We are thrilled to receive national recognition for our game-changing technology that was built with the borrower experience in mind.”
US News & World Report recommended the Guaranteed Rate mortgage process as best for borrowers who:
- Want to complete most of the mortgage process online
- Want help figuring out the right product for their situation
- Want access to a variety of home loan options
According to the published report, “almost all of Guaranteed Rate’s mortgage process can be completed online, including application and loan documentation. Borrowers can speak with a loan officer over the phone or in a branch office to evaluate their financial needs and find the right mortgage product if they prefer.”
Guaranteed Rate, which reports funding nearly $12 Billion in loan volume for the first half of 2018, has been in business since 2000. The company offers conventional, FHA, VA, USDA, jumbo loans and ARMs.
The report praises Guaranteed Rate for its extensive online mortgage process, its online application and loan documentation capabilities and the ability to review and electronically sign documents, which cuts time down to a 10-minute closing appointment.
“We could not gain such industry recognition without our team of incredible loan officers and the agents they work with,” Ciardelli said. “No other digital mortgage lender has developed such a simple and seamless platform that empowers loan originators to efficiently serve clients and referral partners.”
Referral agents have recently given Guaranteed Rate’s industry-leading technology high marks as well. The company was named this month as the Agents’ Choice for “Lender of the Year” for 2018 by Chicago Agent magazine.
Guaranteed Rate continuously invests in innovative technology products to improve the process for loan officers, borrowers and referral partners. To learn more about the Company’s Red Arrow Technology, visit www.rate.com.
About Guaranteed Rate Companies
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 cemented itself as the Home Purchase Experts® by introducing innovative technology, such as the world's first Digital Mortgage, by offering low rates within an easy-to-understand mortgage process and by delivering unparalleled customer service. In 2017, Guaranteed Rate launched Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. 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.