Articles Tagged with ''Guaranteed Rate''

Guaranteed Rate laying off 180 employees, plans to hire 1,500 more

Cutting less than 5% of total workforce
Guaranteed Rate plans on laying off approximately 180 employees as part of a move to “rebalance” its organization, Crain’s Chicago Business reported recently. But in a statement provided to HousingWire, Guaranteed Rate said the layoffs, while unfortunate, will position the company to grow even more this year.
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Guaranteed Rate Affinity hires Scott Brady to lead growth in Illinois and Missouri

Will serve as SVP of joint venture between Guaranteed Rate and Realogy
Last year, Guaranteed Rate and Realogy partnered to form a joint venture that markets Guaranteed Rate mortgages across the Realogy real estate network. As part of its growth plan, Guaranteed Rate Affinity announced this week that it hired Scott Brady to oversee the company’s central region, which includes Illinois and Missouri.
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Guaranteed Rate hires Quicken Loans exec Craig Lombardi to grow online division

Replaces Scott Stephen, who was promoted to chief growth officer
Guaranteed Rate, one of the nation’s largest retail mortgage lenders, is looking to grow its online lending platform, and is bringing in Quicken Loans’ director of mortgage banking to lead the push. Craig Lombardi replaces Scott Stephen, who Guaranteed Rate promoted to chief growth officer.
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From HW Magazine

February Kudos: Celebrating milestones, launches and awards in the mortgage industry

Supreme Lending, BBMC Mortgage and more
BBMC Mortgage selected Army veteran Waymon Hannaman as the winner of the company’s “We’ve Got Your Six” sweepstakes, which pays the mortgage of a military veteran for one year. Hannaman and his wife, Lana, received the good news just before the start of the Army-Navy football game in Philadelphia.
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Private equity firm Thomas H. Lee Partners takes ownership stake in Guaranteed Rate

Firm makes “material capital and strategic investment” in growing lender
Back in October, private equity firm Thomas H. Lee Partners acquired a majority interest in Ten-X, the parent company of Auction.com, but that’s not the only significant investment in the housing industry that the firm is making this year. The firm is also investing in Guaranteed Rate and taking an ownership stake in the growing retail mortgage lender.
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Guaranteed Rate adds former Google, MillerCoors execs to lead branding efforts

Hires Steve Moffat as chief marketing officer, Brendan Noonan as chief brand officer
Over the last few years, Guaranteed Rate worked to increase its brand recognition through various efforts, including nationwide advertising campaigns and securing the naming rights for the Chicago White Sox stadium. But now, the company wants to take those efforts to another level, and it’s adding two executives with high-level experience to lead the charge.
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