CHICAGO, Sept. 1, 2020 /PRNewswire/ -- Guaranteed
Rate Affinity, a mortgage origination joint venture between
Guaranteed Rate and Realogy Holdings Corp. (NYSE: RLGY), announced
an 86% increase in the company's total loan volume as compared to
2019, funding over $5 billion in
loans in the first half of 2020. With mortgage rates at historic
lows, the company's loan volume for both purchases and refinances
has been skyrocketing.
"It's been incredible to see Guaranteed Rate Affinity reach this
milestone and build such strong momentum that we'll continue to
build upon," said Guaranteed Rate Companies President and CEO
Victor Ciardelli. "This is a
testament to the extreme hard work of our loan officers and our
strong partnership with Realogy and we look forward to achieving
many more future milestones."
From January to June of 2020, Guaranteed Rate Affinity broke its
company record with over $5 billion
funded across more than 15,000 units. The company funded over
$2 billion in the months of May and
June alone. Incorporated in 2017, the company has now served over
57,000 borrowers while maintaining a 96% customer satisfaction
score.
"A trusted partner to help our agents and customers navigate
uncertain times is invaluable," said Coldwell Banker President and CEO Ryan Gorman. "During the first half of this
year, Guaranteed Rate Affinity has been able to serve more clients,
break company records and continue its ambitious market
growth."
Backed by award-winning technology and an entirely digital
mortgage process, Guaranteed Rate Affinity provides borrowers and
real estate agents with access to knowledgeable loan officers,
competitive rates, tailored service. With nearly 1,000 employees
across the country, Guaranteed Rate Affinity continues to grow and
is now licensed in 49 states including Washington, D.C.
To learn more, please visit: grarate.com
About Guaranteed Rate Affinity
Guaranteed Rate Affinity is a joint venture between Guaranteed
Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY). Guaranteed Rate
Affinity is also partnered with Realogy Holdings Corp., which owns
some of the most recognized and respected real estate brands in the
industry. Guaranteed Rate Affinity originates and markets its
mortgage lending services to Realogy's real estate, brokerage and
relocation subsidiaries. Guaranteed Rate Affinity provides
unmatched support to Realogy brokers coast-to-coast, assuring their
customers receive the fastest pre-approvals, appraisals and loan
closings possible, creating the ability for buyers to move quickly
and confidently when purchasing homes in today's competitive
market. The Company also provides the same services to the public
and other real estate brokerage and relocation companies across the
country—helping employers improve their employees' relocation
experience by putting the customer first, providing the customer
the ease and security of digital mortgages and offering low rates
with loans personalized to each customer's needs. Guaranteed Rate
owns a controlling 50.1% stake of Guaranteed Rate Affinity and
Realogy owns 49.9%. To explore career opportunities, please visit:
careers.grarate.com
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SOURCE Guaranteed Rate Affinity