Guaranteed Rate and @properties in New Mortgage Endeavor

Phil Hall

Oct 29, 2019

Photo credit: Getty Images/undefined undefined

Guaranteed Rate Inc. is teaming with the residential brokerage firm @properties on a new joint venture called Proper Rate LLC.

According to the companies, Proper Rate is scheduled to launch in early 2020 and will offer a loan origination platform featuring a complete digital mortgage, a user-friendly transparent loan process with competitive pricing and “unmatched expertise from top-producing loan officers.” Proper Rate will be rolled out in select markets, although the initial announcement did not identify where its products and services will be available.

“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,” said @properties Co-Founder and Co-CEO Thad Wong.

"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.

Link copied

Published

Oct 29, 2019

Sales and Marketing

Emmy-Winning Director Takes Viewers Inside the World of Mortgage Originators in 'LO Confidential'

New reality series offers a glimpse of the mortgage industry's challenges.

Ever wonder what it's like to work on commission in a down market? Emmy-award winning director Kirby Bradley tries to give you a taste with "LO Confidential."  It's a new reality show released this week on YouTube that follows three loan originators in three Fairway In...

Analysis and Data

Pending Home Sales Decline By 1.5% In October

Rising mortgage rates and limited inventory cast a shadow on real estate market.

Pending home sales dropped 1.5% in October, according to the National Association of Realtors (NAR). It marks a concerning trend for the housing market and reveals a challenging landscape for potential buyers and sellers, influenced by factors such as rising mortgage rates a...