Guaranteed Rate Acquires Full Ownership of Premia

Premia Relocation Mortgage, previously a joint venture between Guaranteed Rate Inc. (GRI) and Sirva (formerly Sirva/BGRS), has announced a definitive agreement for GRI to acquire full company ownership. 

Terms of the transaction were not disclosed.

Premia pairs a customer service model with a digital platform, DigitalMove, to help people who are relocating for their careers.

GRI is one of the largest retail mortgage lenders in the United States.

"This acquisition begins an exciting new chapter in our story," said Nina Arnaiz, president of Premia. "We look forward to bringing additional value to our existing partners and continuing to introduce our exceptional service delivery model to new opportunities." 

Premia said its customers and team members will not be affected by the acquisition.

"With this change in place, we can provide our customers with an even wider range of products and specialized services,” Amaiz said. “The increased investment in technology and additional resources GRI brings will enhance and strengthen an already established foundation.”

Victor Ciardelli III, founder and CEO of GRI also praised the deal.

“Welcoming Premia fully into our family turbocharges the abilities of both companies to deliver world-class services to help our customers access groundbreaking technology, streamlined service, and an overall best-in-class experience, whatever their needs may be,” he said.

Premia Relocation Mortgage offers products and services for all customers, including foreign nationals and first-time homebuyers.

Headquartered in Chicago, GRI has over 850 branches across the United States. Since its launch in 2000, it has helped more than 1 million homeowners with home purchase loans and refinances.