Guaranteed Rate

Guaranteed Rate
Rate
Company typePrivate
IndustryMortgage
Founded2000
FounderVictor Ciardelli
(CEO & chairman)
Headquarters,
United States
Number of locations
850 (Apr. 2021)[1]
ProductsMortgage
Number of employees
5,500 (Apr. 2024)[1]
Websitewww.rate.com

Guaranteed Rate Companies, doing business as Rate, is a U.S. residential mortgage company headquartered in Chicago, Illinois.[2] Founded in 2000 by Victor Ciardelli, the company had $55 billion in funded volume in 2022, down 25% since 2020.[3] As of 2021, the company had more than 10,000 employees and more than 850 offices nationwide with locations in 50 states.[3][4][1] As of 2024, the company has shrunk to fewer than 5,500 employees.[5]

  1. ^ a b c Davis, Katherine. "Guaranteed Rate names Chicago manager to lead local expansion". bizjournals.com. Retrieved April 9, 2021.
  2. ^ "Company profile: Guaranteed Rate Companies". Inc.com. Retrieved 19 January 2021.
  3. ^ a b "Guaranteed Rate deals its way into top 10 of U.S. mortgage lenders". Crain's Chicago Business. 6 January 2021. Retrieved 19 January 2021.
  4. ^ "Working at Guaranteed Rate".
  5. ^ "Verbal abuse, a 'sex-driven' culture: Ex-employees describe toxic environment at Guaranteed Rate". Chicago Tribune. June 15, 2024.