What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

Mortgage

Guaranteed Rate, real estate brokerage @properties partner to launch mortgage lending venture

New company will be called Proper Rate

Guaranteed Rate is already part of a joint venture with one of the nation’s largest real estate companies, with Guaranteed Rate Affinity marketing mortgages across the Realogy family of real estate companies, but Guaranteed Rate isn’t slowing down.

The company announced this week that is partnering with @properties, one of the biggest real estate brokerages in the Midwest, to launch a new mortgage lending joint venture.

The new company, which is set to launch in early 2020, will be called Proper Rate.

According to the companies, the new mortgage company will “deliver a high-end, customer-focused retail mortgage lending experience.”

@properties has 2,800 agents and 30 offices in Chicago, surrounding suburbs, and Southwest Michigan, Northwest Indiana, and Southeast Wisconsin. The company bills itself as the “largest residential brokerage firm in the Chicago metro area.”

And now, @properties real estate agents will be able to offer a mortgage experience powered by Guaranteed Rate.

“We have a vision for an independent mortgage company built around relationships between borrowers, real estate agents, loan originators and other key stakeholders in the real estate transaction,” @properties Co-founder and Co-CEO Thad Wong said. “In Victor and Guaranteed Rate, we found a partner that is eager to help us realize this vision while leveraging industry-leading technology, systems and support.”

Wong’s partner as co-founder and co-CEO, Mike Golden, said that the move will help the brokerage customers and agents alike.

“Proper Rate will allow us to more seamlessly integrate the entire real estate transaction, from brokerage to mortgage financing to title and closing services, resulting in a better experience for the consumer and increased value for the real estate agent and loan originator managing the transaction,” Golden said.

According to the companies, Proper Rate’s loan origination platform will feature a “complete digital mortgage, an easy-to-understand, transparent loan process with competitive pricing” and expertise from loan officers.

“This is a unique opportunity for us to accelerate growth by working together with one of our most trusted and best-in-class business partners,” said Guaranteed Rate Founder and Chief Executive Officer Victor Ciardelli.

“Thad and Mike have built an incredible business over the last two decades and we are thrilled to form this joint venture with them,” Ciardelli added. “@properties has a proven track record of creative innovation, seamless operations and strong brand loyalty. We are very much looking forward to introducing Proper Rate to homebuyers in select markets across the U.S.”

Most Popular Articles

Josh Team out as Keller Williams president

Josh Team is out at Keller Williams, not long after he received what appeared to be a promotion. He announced his resignation on Facebook.

Feb 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please