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Owning funded over $20 billion in total loan volume in 2020 leveraging its technology and integrated processes to reduce the time and cost involved in residential real estate transactions, according to a press release. The acquisition allows Guaranteed Rate to accelerate its growth in the rapidly growing direct-to-consumer channel.
"We’re actively seeking strategic acquisition opportunities to strengthen our position in growth channels," said Guaranteed Rate president and CEO Victor Ciardelli. "The addition of Owning complements our existing consumer-direct business, building on our momentum and further accelerating expansion in that segment."
Guaranteed Rate recorded its best production year in 2020 and kicked off 2020 with the acquisition of Stearns Holdings, LLC.