Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster.

engage.marketing event: All eyes on purchase

To help power your business forward, we’re bringing together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set leaders apart.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

The digital journey starts at acquisition

Download this white paper to learn how to build a tech-enabled acquisition strategy that will directly contribute to a lender’s ability to maximize profitability and remain competitive.

IPO / M&AMortgage

Guaranteed Rate acquires DTC lender Owning Corporation

Terms of the deal for California-based Owning were not disclosed

Fresh off its acquisition of Stearns, Guaranteed Rate has picked up Owning Corporation, a direct-to-consumer mortgage lender.

The acquisition gives Guaranteed Rate, best known for its retail prowess, another engine to boost its growth in the direct-to-consumer channel.

Terms of the deal with Orange, California-based Owning were not disclosed.

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020.

“We’re actively seeking strategic acquisition opportunities to strengthen our position in growth channels,” said Guaranteed Rate’s President and CEO Victor Ciardelli in a statement. “The addition of Owning complements our existing Consumer Direct business, building on our momentum and further accelerating expansion in that segment.”


How lenders will benefit from Black Knight’s acquisition of Optimal Blue

HW Media CEO Clayton Collins and Scott Happ, president of Secondary Marketing Technologies at Black Knight, discuss Black Knight’s acquisition of Optimal Blue and what the industry can expect from the company’s new Secondary Marketing Technologies division.

Presented by: Black Knight

Like virtually all residential mortgage lenders, Chicago-based Guaranteed Rate had its best-ever year in 2020, originating about $73 billion in mortgages.

In early January, it acquired Stearns Holdings, a multichannel lender who originated about $20 billion in 2020.

With the acquisitions of Stearns and Owning, Guaranteed Rate now has a stable of profitable joint-ventures, some of the nation’s top-producing retail loan officers, access to the wholesale channel and a stronger direct-to-consumer platform to grow its refi business.

Guaranteed Rate, founded in 2001 in Chicago, is now firmly a top-10 mortgage lender in the U.S. It grew nearly 100% in 2020. Last year, the mortgage firm also had two loan originators produce over $1 billion in mortgages: Ben Cohen and Shant Banosian.

According to the NMLS, Owning has 62 loan officers and was formed in 2018. The company appears to be only licensed in California. It specializes in low-rate mortgage refinances, in which it originates a loan with no closing costs, including appraisal, credit report, escrow and title. The firm also has a zero down purchase mortgage program in California and several programs that appear related to iBuying.

Leave a comment

Most Popular Articles

Fannie Mae, and the housing market’s inflation problem

Another month of steadily increasing home prices and insatiable demand led Fannie Mae’s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

Jun 16, 2021 By

Latest Articles

Doug Duncan and the housing market’s supply conundrum

The housing market has suffered due to high material prices, spend-anything buyers & a lack of supply. A return to normalcy will require big changes. HW+ Premium Content

Jun 18, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please