Guaranteed Rate
3940 N Ravenswood Ave, Chicago, IL, 60613, United States
Overview
The Guaranteed Rate Companies, which includes Guaranteed Rate Inc., Guaranteed Rate Affinity, LLC, and Proper Rate, LLC, has more than 9,000 employees in over 750 offices across the U.S. Headquartered in Chicago, the company is one of the largest retail mortgage lenders in the United States and has doubled its loan amounts to over $73 billion in 2020 while tripling its gross revenue from $1 billion to $3 billion. Founded in 2000 and licensed in all 50 states and Washington, D.C., Guaranteed Rate Companies has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. In 2020, the company launched Proper Rate, LLC, a mortgage origination joint venture between Guaranteed Rate and @properties, one of the nation's largest residential brokerage firms. Collectively, the companies have earned honors and awards including: HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashClose SM technology; Top Lender for Online Service for 2018 by U.S. News & World Report; No. 3 ranking in Scotsman Guide's Top Retail Mortgage Lenders 2019; Chicago Agent Magazine’s Lender of the Year for five consecutive years; Chicago Tribune's Top Workplaces list for seven consecutive years; and Best Online Mortgage Lender, Best Mortgage Lender for VA loans and Best Conventional Mortgage Lender by NerdWallet in 2019.The company has been expanding its presence with high-profile national sports partnerships, including those with NHL, UFC, Ryan Newman and others. Visit rate.com for more information.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Consumer Lending
- Finance
- Financial Services
- Lending
- Mortgage
- Personal Finance
- PropTech
Investment portfolio
- TurboAppeal
Led · Series A · Oct 2016
TurboAppeal provides a technology platform for consumers and businesses to appeal property taxes. The company was founded in 2015 and is led by CEO Badal Shah, COO John Guidos and CTO Scott Beason. In 2016 it opened an additional office in Miami and announced a strategic partnership with Paradigm Tax Group. TurboAppeal raised a $4M Series A to support growth. The company plans to use the funds to expand operations nationwide in 2017 and to grow both its consumer and commercial lines by developing new products and services. No revenue or user metrics were disclosed in the article. TurboAppeal provides a residential property tax appeal technology service that leverages a proprietary machine-learning algorithm to continually mine property data and generate accurate evidence for appeals. Founded in 2015 by CEO Badal Shah and based in Chicago, the company serves homeowners in select counties in Illinois, Florida, and most recently Texas. It raised $3M in seed funding to accelerate geographic expansion and product development. The company plans to expand into Colorado, Georgia, Indiana, Maryland, Pennsylvania, Virginia, and Washington in 2016. The seed round was led by KGC Capital with participation from Ned Jannotta Jr., Gary Holdren, Hyde Park Venture Partners, and Hyde Park Angels. In conjunction with the funding, investor Gary Holdren joined TurboAppeal’s board of directors.
Team
No current team members are available.