Reported 12 months ago
Chicago-based Guaranteed Rate, one of the largest U.S. mortgage lenders, has rebranded to Rate, aiming to streamline the mortgage process using AI. The company originated over 59,000 loans totaling $21.7 billion in volume, with recent data showing a $7 billion origination volume in Q1 2024. Guaranteed Rate also appointed Chris Knapp as president of Proper Rate and expanded its Community Engagement Initiative to promote homeownership in underserved communities and focus on diversity. The company has faced allegations of fostering a toxic work environment, which it denies.
Source: YAHOO