Marcus by Goldman Sachs® to Provide Financing Option to Guaranteed Rate Customers
December 13 2019 - 3:39PM
Business Wire
Consumer Finance Disruptor and Fast-Growing
Mortgage Lender Join Forces to Offer a Superior Experience &
Promote Marcus Financing Option to Homeowners and Real Estate
Agents
Marcus by Goldman Sachs®, which offers products and tools
designed to help people achieve financial well-being, including
no-fee, fixed-rate personal loan options and a high-yield Online
Savings Account, announces a new collaboration with Guaranteed
Rate, one of the largest and most innovative retail mortgage
lenders in the country. This latest strategic partnership for
Marcus brings two brands focused on excellent customer service
together and allows Marcus to provide an unsecured personal loan
for Guaranteed Rate customers looking to finance their home
improvement projects or consolidate their debt.
Now, in as little as five minutes, Guaranteed Rate customers can
go online to check their eligibility for a Marcus personal loan,
which can be used for debt consolidation or to fund projects such
as updating bathrooms or kitchens, replacing windows and doors or
making other home improvements and repairs.
“This partnership is a huge value-add for customers and real
estate agents,” said Guaranteed Rate Founder and CEO Victor
Ciardelli. “Partnering with the Marcus personal loan platform helps
customers consolidate debt and enables agents to help their sellers
address much-needed repairs or upgrades that could help increase
the value of their homes.”
Marcus is a startup backed by Goldman Sachs’ 150 years of
financial expertise and a vision to build an integrated digital
storefront to help customers take control of their financial lives.
The partnership with Guaranteed Rate is the latest in a series of
initiatives by Marcus to work with dynamic companies whose
differentiated products and services lead with a customer-centric
approach, helping customers to make smarter financial
decisions.
“We at Marcus seek out like-minded partners who share our
passion for developing transparent financial solutions that are on
the side of the customer,” said Abhinav Anand, head of consumer
loans for Marcus by Goldman Sachs. “With all of our products, we
are open to partnerships that provide value to consumers, and
customers are consistently giving Guaranteed Rate high marks for
the value they provide.”
Guaranteed Rate has achieved rapid growth, tripling its total
loan origination volume over the past five years. Guaranteed Rate
had a 96% Customer Satisfaction rating among clients surveyed in
2019. The award-winning fintech retail mortgage lender has built
strong relationships with agents nationwide, including a joint
venture with Realogy Holdings Corp. (NYSE: RLGY), the largest
provider of residential real estate services in the U.S.
Personal loans from Marcus have no fees and offer fixed rates
with loan amounts ranging from $3,500 to $40,000. Marcus was
recently ranked #1 in Customer Satisfaction with Personal Loans in
J.D. Power’s 2019 study* Marcus also offers a high-yield Online
Savings Account and certificates of deposit, including a No-Penalty
CD.
For more information please visit: rate.com/marcus
*Marcus by Goldman Sachs received the highest score in the J.D.
Power 2019 U.S. Personal Loan Satisfaction Study of customers’
satisfaction with the personal loan experience. Visit
jdpower.com/awards
About Marcus by Goldman Sachs®
Marcus by Goldman Sachs® offers products and tools designed to
help people achieve financial well-being. Marcus offers a
high-yield Online Savings Account, certificates of deposit in a
variety of terms and no-fee, fixed-rate unsecured personal loans,
including home improvement loans. All Marcus loans and savings
products are provided by Goldman Sachs Bank USA, Member FDIC, and
benefit from Goldman Sachs and its 150-year history of financial
expertise, risk management and customer service. For more
information please visit www.marcus.com.
About the Guaranteed Rate Companies
The Guaranteed Rate Companies, which includes Guaranteed Rate
Inc., and Guaranteed Rate Affinity, LLC, has over 5,000 employees
in a total of 700 offices across the U.S and will fund $36 billion
in 2019. Headquartered in Chicago, Guaranteed Rate Inc. is one of
the largest retail mortgage lenders in the United States. Founded
in 2000 and licensed in all 50 states and Washington, D.C., it has
helped homeowners nationwide with home purchase loans and
refinances. The company has established itself as an industry
leader by introducing innovative technology, offering low rates and
delivering unparalleled customer service. 2017 marked the launch of
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. Collectively, the companies have earned honors and
awards including: "Top Lender for Online Service" for 2018 by U.S.
News & World Report; No. 3 ranking in Scotsman Guide's Top
Retail Mortgage Lenders 2018; Chicago Tribune's Top Workplaces list
for seven consecutive years; and Best Online Lender and Best Lender
for FHA Streamline Refinance by NerdWallet in 2019. Visit rate.com
for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20191213005475/en/
Media: Goldman Sachs Andrew Williams 212-902-5400
Guaranteed Rate Jennifer Zeidler 312-379-3521
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