Driven by the largest revenue growth, year over year, of any private company in the Chicago area, Guaranteed Rate, one of the ten largest retail mortgage lenders in the nation, was recognized as a top privately held company by Crain’s Chicago Business magazine for the sixth year in a row. Under the leadership of founder and CEO Victor Ciardelli, Guaranteed Rate achieved 172 percent growth, generating $496.5 million in revenue in 2012. Coming in at No. 78 out of 308 on the list, the company’s growth led it to move up from the No. 167 position the previous year.
The growth of the company is driven by a focus on providing low rate, low fee mortgages, exceptional service and a more efficient process, including an online loan application, where customers can get approved for a loan in as little as 15 minutes.
“Guaranteed Rate’s growth correlates with our hyper-focus on our customers, loan officers and real estate partners through developing industry-leading technology that enables us to make the home loan process more efficient while offering the best selection of loans with the lowest combination of rate and fees,” said Ciardelli. “We are committed to continuing to offer the best mortgage experience possible and we’re honored to be recognized by Crain’s Chicago Business for the sixth year in a row.”
Guaranteed Rate consistently records a 96 percent approval rating with its customers. The company employs approximately 2,500 nationwide with 175 offices and licenses in all 50 states and Washington, D.C. The company funded nearly $16 billion in loans in 2013.
