Chicago-based Guaranteed Rate purchased the assets of Sun State Home Loans, Nationwide Direct Mortgage and Arbor Mortgage.
The three firms bring more than 50 employees combined and represent more than $500 million in annual loan production volume.
In addition, the asset purchases expand the lender’s footprint in Arizona, California, where Sun State, Nationwide Direct and Arbor Mortgage are based, respectively.
“These three firms have a stellar reputation for customer service and employ some of the top loan originators in the country,” said Victor Ciardelli, president and CEO of Guaranteed Rate. “They are a perfect fit for Guaranteed Rate and help further our efforts to provide low rate, low fee mortgages in several key major markets.”