CHICAGO, Aug. 28, 2012 (GLOBE NEWSWIRE) -- Guaranteed Rate, America's Fastest Growing Mortgage CompanySM, and The Manhattan Mortgage Company announced today that they have formed an alliance that will enhance both firms' future growth.
Through August, Guaranteed Rate has closed over $8.1 billion in home loans in 2012, and Manhattan Mortgage has closed more than $1 billion over the same period of time.
Founded in 1985, New York City-based Manhattan Mortgage is the #1 residential mortgage brokerage in metropolitan New York. The company has over 100 home loan professionals and, in addition to New York, originates home loans in Vermont, Massachusetts, Connecticut, Florida and New Jersey. Manhattan Mortgage has six office locations – two in Manhattan, Brooklyn, Croton-on-Hudson, Southampton and East Hampton.
"We are very proud of the business that we've built and success that we've had over the past 27 years," said Melissa Cohn, Founder and President of Manhattan Mortgage. "Our customer-focused philosophy is a good fit with Guaranteed Rate's approach, and we're looking forward to continued success and growth as we join forces with them."
"We're thrilled about bringing Manhattan Mortgage on board," stated Victor Ciardelli, President and CEO of Guaranteed Rate. "Melissa is an incredible person and has built a top-notch company with a fantastic reputation for serving its customers. We're extremely excited about combining the two companies, as we will be able to provide even better pricing and more loan products to our clients."
This joining together of the two companies underscores Guaranteed Rate's commitment to the New York and Northeast market. Based in Chicago, Guaranteed Rate is America's Fastest Growing Mortgage CompanySM. The company has nearly quadrupled in size over the past five years and has funded over $8.1 billion in home loans as of end of August year-to-date 2012 compared with $7 billion in all of 2011. With its full-service solution in 134 offices in 47 states and Washington, DC, Guaranteed Rate assists customers the way they choose – face-to-face, over the phone, or online. Visit www.guaranteedrate.com for more information.
Contact:
Tiffany R. Cummins
TRC & Associates
(925) 212-4200
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