CHICAGO, Feb. 24, 2021 /PRNewswire/ -- Guaranteed
Rate Affinity, a mortgage origination joint venture between
Guaranteed Rate and Realogy Holdings Corp. (NYSE: RLGY), announces
a record-setting 2020 in which the company doubled its total loan
volume to over $13.4 billion.
With mortgage rates at historic lows, the company's loan volume
for both purchases and refinances skyrocketed in markets across the
country. To meet the high demand, Guaranteed Rate Affinity
increased its workforce to over 1,500 and continues to hire
nationwide.
"Guaranteed Rate Affinity did an incredible job last year to
meet historic increases in demand while also building market share
nationwide," said Guaranteed Rate Companies President and CEO
Victor Ciardelli. "This growth is a
testament to our loan officers and our strong partnership with
Realogy, which was reinforced in 2020 as we worked together to
serve a record number of homebuyers."
Guaranteed Rate Affinity broke its company record in 2020 with
over $13 billion in funded loans
across more than 39,000 units. Incorporated in 2017, the company
has now served over 80,000 borrowers while maintaining a 94%
customer satisfaction score.
"The strategic expansion of Guaranteed Rate Affinity, along with
investments in technology and digital closing products, paid off as
the housing and refinance markets gained significant momentum in
2020," said Coldwell Banker Realty President and CEO M. Ryan Gorman. "Guaranteed Rate Affinity broke
company records, achieved ambitious market growth, and most
importantly, expertly served an incredible number of consumers, and
we remain excited about the power of our partnership, which
continues to be invaluable to our affiliated agents and customers
across the country."
Backed by its award-winning FlashClose SM technology
and digital mortgage platform, Guaranteed Rate Affinity provides
borrowers and real estate agents with access to knowledgeable loan
officers, low competitive rates, tailored services 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