Rate (company)

File:Guaranteed Rate LG.svg

Guaranteed Rate was founded in Chicago in 2000 by Victor F. Ciardelli III, a native of Oak Brook, Illinois, who now resides in a $38 million Miami Beach mansion purchased in May 2021,{{Cite web |url=https://www.bizjournals.com/southflorida/news/2021/05/19/chicago-ceo-buys-miami-beach-home.html |access-date=2025-02-20 |website=www.bizjournals.com}} serves as chairman and CEO. Through 2020, the company is the third largest retail mortgage lender in the US.{{cite web |title=Top Mortgage Lenders 2021 |url=https://www.scotsmanguide.com/rankings/top-mortgage-lenders/2021/top-retail-volume |website=scotsmanguide.com |access-date=July 9, 2021}}

Guaranteed Rate Foundation was formed in 2012 to help those in need through difficult times.{{cite web |last1=Fielding |first1=Lisa |title=Newsmakers Making A Difference: Victor Ciardelli, Guaranteed Rate Foundation |url=https://wbbm780.radio.com/articles/newsmakers-making-difference-victor-ciardelli-guaranteed-rate-foundation |website=Radio.com |accessdate=18 December 2018}}{{cite web |last1=Bertagnoli |first1=Lisa |title=This mortgage industry executive gives money directly to people in need. All they need to do is ask. |url=https://www.chicagobusiness.com/article/20180706/ISSUE01/180709953/guaranteed-rate-foundation-gives-money-directly-to-needy-individuals |website=Crain's |date=6 July 2018 |accessdate=18 December 2018}} As of June 2021, the foundation has donated over $5 million in charitable grants.{{cite web |title=Guaranteed Rate's Shant Banosian hits $1 billion milestone |url=https://bostonagentmagazine.com/2021/06/23/guaranteed-rates-shant-banosian-hits-1-billion-milestone/ |website=bostonagentmagazine.com |date=23 June 2021 |access-date=June 23, 2021}}

In 2013, Guaranteed Rate grew to more than $15.9 billion in residential home loans, an increase of $1.2 billion over 2012.{{cite news | title = Guaranteed Rate launches TV ads with Ty Pennington | publisher = Crain's Chicago Business| date = 2014-01-13 | url = http://www.chicagobusiness.com/article/20140111/ISSUE01/301119985/yes-thats-ty-pennington-in-those-guaranteed-rate-ads | accessdate = 2014-01-13}}{{cite news | title = Victor Ciardelli, president and CEO, Guaranteed Rate Inc.| publisher = Smart Business | date = 2012-07-01 | url = http://www.sbnonline.com/2012/07/victor-ciardelli-iii-president-and-ceo-guaranteed-rate-inc/ | accessdate = 2013-02-14}} This moved the company from the twelfth-largest retail mortgage lender in the U.S. to the tenth-largest.{{cite news |date=2014-01-14 |title=Yes, that's Ty Pennington in those Guaranteed Rate ads |url=http://www.chicagobusiness.com/article/20140111/ISSUE01/301119985/yes-thats-ty-pennington-in-those-guaranteed-rate-ads |accessdate=2014-10-10 |publisher=Crain's Chicago Business}}

In 2015, Guaranteed Rate became the eighth-largest retail mortgage lender with volume of more than $18 billion in home loans and was named Lender of the Year by Chicago Agent magazine.{{cite news|title=Lender of the Year: Guaranteed Rate|url=https://chicagoagentmagazine.com/2016/10/17/lender-year-guaranteed-rate/|publisher=Chicago Agent Magazine|date=2016-10-17}}

In March 2016, Guaranteed Rate and one of its loan officers were found guilty in California of diverting loans from Mount Olympus Mortgage, and ordered to pay $25 million in damages to the Irvine, California-based company.{{cite news | title = Guaranteed Rate ordered to pay $25M in alleged loan diversion scheme | publisher = Chicago Tribune| date = 2016-03-26 | url = http://www.chicagotribune.com/business/ct-guaranteed-rate-fraud-verdict-0326-biz-20160326-story.html | accessdate = 2016-03-26}}

In May, Guaranteed Rate bought the domain name Rate.com for $725,000.{{cite news | title = Kate Buckley just brokered the sale of Rate.com to GuaranteedRate.com for $725,000. | publisher = Domainnamewire.com| date = 2016-06-06 | url = http://domainnamewire.com/2016/06/06/selling-6-figure-domain-kate-buckley-dnw-podcast-87-dnw-podcast-87/ | accessdate = 2016-06-06}}

In 2017, Guaranteed Rate entered into a joint venture with Realogy Holdings Corp to form Guaranteed Rate Affinity, in which Guaranteed Rate would provide marketing services to Realogy's subsidiaries, including NRT and Cartus, and would take over some assets of its former joint venture partner, PHH Corporation out of New Jersey.{{cite news|title= Realogy, Guaranteed Rate announce new mortgage venture as PHH backs out. |url=https://www.housingwire.com/articles/39230-realogy-guaranteed-rate-announce-new-mortgage-venture-as-phh-backs-out|publisher=HousingWire.com|date=2017-02-15}} In December, Guaranteed Rate announced plans to sell a minority stake of the company to an affiliate of Boston-based private equity firm Thomas H. Lee Partners.{{cite web |last1=Zumbach |first1=Lauren |title=Guaranteed Rate sells 'meaningful minority stake' to Boston-based private equity firm |url=https://www.chicagotribune.com/business/ct-biz-guaranteed-rate-sells-stake-1215-story.html |website=Chicago Tribune |date=14 December 2017 |accessdate=18 December 2018}} The partial sale was finalized in June 2018.{{cite web |last1=Daniels |first1=Steve |title=Guaranteed Rate clinches scaled-back deal with first institutional investor |url=https://www.chicagobusiness.com/article/20180613/NEWS01/180619955/guaranteed-rate-clinches-scaled-back-deal-with-first-institutional-investor |website=Crain's |date=12 June 2018 |accessdate=18 December 2018}} Also in December, a former loan officer sued Guaranteed Rate claiming that he was owed $2 million and that executives at the company were manipulating and misreporting financial information for their own benefit.{{Cite news|url=http://www.chicagotribune.com/business/ct-biz-guaranteed-rate-countersuit-20171214-story.html|title=After Guaranteed Rate sued him, alleging he poached employees, former executive countersues, claims he's owed more than $2 million|last=Marotti|first=Ally|work=chicagotribune.com|access-date=2018-02-09|language=en-US}}

In January 2018, Guaranteed Rate announced that its employees' and customers' personal information was in hackers' hands as the result of an email phishing attack.{{Cite news|url=http://www.chicagobusiness.com/article/20180112/NEWS01/180119935/email-phishing-hack-puts-guaranteed-rate-clients-staffers-at-risk|title=Email phishing hack puts Guaranteed Rate clients, staffers at risk|work=Crain's Chicago Business|access-date=2018-02-09}} As of October, Guaranteed Rate “[was] bounc[ing] around between the fifth and seventh largest mortgage lender in the [U.S].”

In January 2019, The Wall Street Journal revealed Guaranteed Rate's efforts to boost their Glassdoor ratings. According to the article, the company "pressured employees to write positive reviews in order to raise poor ratings, according to interviews with current and former employees." Prior to these efforts, the company's rating on Glassdoor averaged 2.6 out of 5.{{cite news|title=How Companies Secretly Boost Their Glassdoor Ratings|url=https://www.wsj.com/articles/companies-manipulate-glassdoor-by-inflating-rankings-and-pressuring-employees-11548171977|accessdate=19 March 2019}}

In October, Guaranteed Rate partnered with online notary company Notarize to integrate notarization into the online closing process.{{cite web |title=Notarize and Guaranteed Rate partner on new product that allows homebuyers to complete the entire closing process online |url=https://techcrunch.com/2019/10/03/notarize-and-guaranteed-rate-partner-on-new-product-that-allows-homebuyers-to-complete-the-entire-closing-process-online/?renderMode=ie11 |website=techcrunch.com | date=3 October 2019 |access-date=October 3, 2019}} The company also announced a partnership with Marcus by Goldman Sachs to help customers consolidate debt and fund home improvement projects.{{cite web |title=Goldman's Marcus aims to lure home buyers, sellers to its personal loan platform |url=https://finance.yahoo.com/news/marcus-by-goldman-sachs-partners-with-guaranteed-rate-175130328.html |website=finance.yahoo.com |access-date=December 13, 2019}} Also in 2019, Guaranteed Rate launched a market research platform for potential home buyers to research neighborhood property trends, home prices, demographics, income levels, and school districts.{{cite web |title=Nextdoor community connection website adds a home buyer platform |url=https://www.washingtonpost.com/business/2019/08/13/nextdoor-community-connection-site-adds-home-buyer-platform/ |website=washingtonpost.com |access-date=August 13, 2019}}

In April 2020, Guaranteed Rate was required to pay the federal government a $15 million fine to settle a lawsuit brought by a former employee whistleblower who alleged the company pushed its underwriters into endorsing ineligible loans for FHA and VA loan programs and making false statements to "induce the government" to extend insurance coverage. According to the Chicago Tribune, as part of the settlement, Guaranteed Rate admitted that it failed to adhere to self-reporting requirements and certified loans for government insurance that were not eligible. It also admitted to giving FHA underwriters commissions and gifts in violation of the rules.{{Cite web|title=Guaranteed Rate to pay $15 million to settle allegations it made false claims to get federal mortgage loan backing|url=https://www.chicagotribune.com/business/ct-biz-guaranteed-rate-settlement-federal-mortgage-false-claims-20200429-67haunhbjbexjjt3gnoz5t7dbe-story.html|last=Channick|first=Robert|website=chicagotribune.com|date=29 April 2020 |access-date=2020-05-01}}

In July, Guaranteed Rate and @Properties launched the joint venture Proper Rate, a Chicago-based independent retail mortgage lender expected to serve as an in-house lender for @Properties.{{cite web |last1=Azevedo |first1=Mary Ann |title=Guaranteed Rate looks to grow market share with new joint venture, Proper Rate, launching today |url=https://www.housingwire.com/articles/guaranteed-rate-looks-to-grow-market-share-with-new-joint-venture-proper-rate-launching-today/ |website=housingwire.com |date=13 July 2020 |access-date=July 13, 2020}}{{cite web |last1=Daniels |first1=Steve |title=Guaranteed Rate, @properties forming new local mortgage lender |url=https://www.chicagobusiness.com/residential-real-estate/guaranteed-rate-properties-forming-new-local-mortgage-lender |website=chicagobusiness.com |date=29 October 2019 |access-date=October 29, 2019}}

Overall during 2020, Guaranteed Rate originated over 135,000 mortgages with a value of over $47,000,000,000.{{cite web|url=https://originationdata.com/institution/549300U3721PJGQZYY68|title=Guaranteed Rate Mortgages|access-date=December 7, 2021}}

In October 2023, The Wall Street Journal published a report titled "The Mortgage Market Is So Bad Lenders Want Ex-Employees to Give Back Their Bonuses" that detailed Guaranteed Rate's practice of clawing back signing bonuses from loan officers hired in years prior. According to the article, Guaranteed Rate's business dropped by over 50% in 2022 from its high in 2021.{{Cite web |last= |first= |date=2023-10-28 |title=The Mortgage Market Is So Bad Lenders Want Ex-Employees to Give Back Their Bonuses |url=https://www.wsj.com/finance/banking/the-mortgage-market-is-so-bad-lenders-want-ex-employees-to-give-back-their-bonuses-52e96080 |access-date=2023-12-27 |website=WSJ |language=en-US}}

In June 2024, the Chicago Tribune reported in an article titled "Verbal abuse, ‘sex-driven’ culture alleged at Guaranteed Rate"{{Cite web |last=Tribune |first=Chicago |date=2024-06-17 |title=Daywatch: Verbal abuse, 'sex-driven' culture alleged at Guaranteed Rate |url=https://www.chicagotribune.com/2024/06/17/daywatch-verbal-abuse-sex-driven-culture-alleged-at-guaranteed-rate/ |access-date=2025-02-20 |website=Chicago Tribune |language=en-US}} that 80 ex-employees interviewed by the paper said they had experienced or witnessed persistent verbal abuse, a "sex-driven" culture, and a misogynistic atmosphere at the firm and from Victor Ciardelli. Ciardelli expressly denied these allegations, stating such allegations are “simply not true.” The company “has not, does not, and would not objectify women or put them in uncomfortable personal or professional situations." The Tribune reported that "Guaranteed Rate also retained an outside law firm that, even before receiving the reporters’ list of questions, threatened to sue the Tribune for defamation." The suit was never filed. The Tribune also reported that the company was changing its name to Rate, as Ciardelli said 'people have trouble spelling ‘guaranteed’.”{{Cite web |date=2024-06-22 |title=Mortgage company Guaranteed Rate changing its name to Rate |url=https://www.chicagotribune.com/2024/06/22/guaranteed-rate-name-change/ |access-date=2024-06-23 |website=Chicago Tribune |language=en-US}}{{Cite web |date=23 June 2024 |title=Guaranteed Rate is changing its name. It'll be Rate. |url=https://www.chicagobusiness.com/finance-banking/guaranteed-rate-changes-name-rate-report |access-date=26 June 2024 |website=Crain's Chicago Business}}

In July 2024, the company officially announced that it would rebrand as simply Rate, with Ciardelli explaining that it reflected the company's "new era" of "making the mortgage process smoother, faster and smarter". The new brand will be phased in across its businesses and sponsorships, and "not affect current operations or mortgage loan officer licenses".{{Cite web |last=Aurellano |first=Arnie |date=2024-07-01 |title=Guaranteed Rate makes rebrand official, announces itself as 'Rate' |url=https://www.scotsmanguide.com/news/guaranteed-rate-makes-rebrand-official-announces-itself-as-rate/ |access-date=2024-10-17 |website=Scotsman Guide |language=en-US}}

In 2012, Guaranteed Rate acquired Manhattan Mortgage, a residential mortgage brokerage in the New York Metropolitan Area.{{cite news | title = Guaranteed Rate purchases Manhattan Mortgage| publisher = Housing Wire | date = 2012-08-30 | url = http://www.housingwire.com/fastnews/2012/08/30/guaranteed-rate-purchases-manhattan-mortgage | accessdate = 2013-02-14}} Founded in 1985 by Melissa L. Cohn, the company employed more than 100 home loan professionals and originated loans in New York, Vermont, Massachusetts, Connecticut, Florida and New Jersey.{{cite news | title = Manhattan Mortgage Company Joins Guaranteed Rate| publisher = Guaranteed Rate | date = 2012-08-28 | url = https://www.guaranteedrate.com/news/manhattan-mortgage-company-joins-guaranteed-rate | accessdate = 2013-02-14}} Cohn later sued Guaranteed Rate and CEO Victor Ciardelli for breach of contract and fraud among other complaints but was unsuccessful.{{cite web |title=January's Notable Cases and Events in E-Discovery |url=https://www.lexology.com/library/detail.aspx?g=a5cbd1f6-bb94-45d4-9662-ecae2f2b58fd |website=Lexology |date = 18 January 2017|accessdate=18 December 2018}}{{citation | title = Cohn v. Guaranteed Rate Inc.| publisher = Leagle.com | date = 2015-09-15 | url = http://www.leagle.com/decision/In%20FDCO%2020150910F62/COHN%20v.%20GUARANTEED%20RATE%20INC. | accessdate = 2013-09-15}} Also in 2012, Guaranteed Rate acquired Massachusetts-based Superior Mortgage.{{cite web |title=Residential Department: Featured Top Originator: Shant Banosian, Guaranteed Rate, No. 1 Top Dollar Volume (2018) |url=https://www.scotsmanguide.com/Residential/Articles/2019/04/Featured-Top-Originator--Shant-Banosian--Guaranteed-Rate--No--1-Top-Dollar-Volume-(2018)/ |website=Scotsman Guide |accessdate=11 April 2019}}

In 2014, Guaranteed Rate acquired Sun State Home Loans, Nationwide Direct, and Arbor Mortgage in one deal.{{cite news | title = Grand Rapids mortgage firm acquired by Guaranteed Rate of Chicago| publisher = MLive/Grand Rapids Press | date = March 3, 2014 | url = http://www.mlive.com/business/west-michigan/index.ssf/2014/03/grand_rapids_mortgage_firm_acq.html | accessdate = 2013-10-10}} It also acquired lender FirsTrust Mortgage in Overland Park, Kansas.{{cite news | title = Guaranteed Rate to Acquire FirsTrust Mortgage in Kansas| publisher = Origination News | date = Jul 8, 2014 | url = http://www.nationalmortgagenews.com/news/origination/guaranteed-rate-to-acquire-firstrust-mortgage-in-kansas-1042105-1.html | accessdate = 2014-10-10}} In November 2018, Guaranteed Rate announced that it would acquire some assets of Honolulu HomeLoans and its affiliate Hawaii Lending Alliance, in order to expand further into the state.{{cite web |last1=Gomes |first1=Andrew |title=Local mortgage company selling itself to Chicago firm |url=http://www.staradvertiser.com/2018/11/27/breaking-news/local-mortgage-company-selling-itself-to-chicago-firm/ |website=Star Advertiser |date=28 November 2018 |accessdate=18 December 2018}}{{cite web |last1=Lane |first1=Ben |title=Guaranteed Rate expanding in Hawaii, acquires assets from two lenders |url=https://www.housingwire.com/articles/47510-guaranteed-rate-expanding-in-hawaii-acquires-assets-from-two-lenders |website=Housing Wire |date=28 November 2018 |accessdate=18 December 2018}}

In January 2021, Guaranteed Rate acquired Stearns Holdings, to help the company expand its joint ventures.{{cite web |title=Guaranteed Rate expands JV offerings with purchase of Stearns Holdings |url=https://www.nationalmortgagenews.com/news/guaranteed-rate-buys-stearns-holdings#:~:text=Guaranteed%20Rate%20originated%20%2473%20billion,funds%20associated%20with%20Blackstone%20Group |website=nationalmortgagenews.com |date = 6 January 2021|access-date=January 6, 2021}} In February 2021, the company acquired assets of Owning Corporation, a direct-to-consumer mortgage lender.{{cite web |title=Guaranteed Rate acquires DTC lender Owning Corporation |url=https://www.housingwire.com/articles/guaranteed-rate-acquires-dtc-lender-owning-corporation/ |website=housingwire.com |date=5 February 2021 |access-date=February 5, 2021}} In March 2021, after acquiring AI Foundry of Kodak Alaris, the company launched the mortgage tech company Gateless, which utilizes artificial intelligence and machine learning technologies.{{cite web |title=Guaranteed Rate Launches AI-Powered Mortgage Startup Gateless |url=https://www.builtinchicago.org/2021/03/09/guaranteed-rate-launches-gateless |website=builtinchicago.com |access-date=March 9, 2021}}

In January 2022, Guaranteed Rate closed Stearns Lending after owning it for one year, laying off 348 employees.{{cite news | title = Stearns Lending to lay off 348 workers| publisher = Housing Wire | date = 2022-01-24 | url = https://www.housingwire.com/articles/guaranteed-rate-closes-stearns-wholesale-channel/ | accessdate = 2022-01-25}}

File:Chicago, Illinois, U.S. (2023) - 062.jpg in 2023]]

In August 2016, the Chicago White Sox announced a 13-year agreement with Guaranteed Rate to rename their stadium to Guaranteed Rate Field beginning November 1, 2016 (which was later rebranded to Rate Field on December 17, 2024).{{cite news|title=White Sox changing ballpark name to Guaranteed Rate Field|url=http://www.espn.com/mlb/story/_/id/17385604/chicago-white-sox-ballpark-changing-name-guaranteed-rate-field|publisher=ESPN|date=2016-08-25}}{{Cite web|url=https://chicago.suntimes.com/sports/there-cant-be-a-worse-name-than-guaranteed-rate-field-cant-be/|title=There can't be a worse name than Guaranteed Rate Field. Can't be.|website=Chicago Sun-Times|date=24 August 2016|language=en|access-date=2019-05-10}} At the time, the Chicago Sun-Times wrote, "There can't be a worse name than Guaranteed Rate Field. Can't be." In 2017, the White Sox and Guaranteed Rate teamed up to create the Guaranteed Impact program, which honors kids who make a positive difference in their community.{{cite web |title=White Sox honor 8-year-old beach-cleaning, cookie-baking, volunteering phenom |url=https://www.chicagotribune.com/lifestyles/stevens/ct-life-stevens-wednesday-ava-gessler-0802-story.html |website=Chicago Tribune |accessdate=18 December 2018 |last1=Stevens |first1=Heidi }}

In August 2020, the company signed a 12-race sponsorship deal with Roush Fenway Racing, to fund Ryan Newman's car through the remainder of the 2020 NASCAR season.{{cite web |title=Roush Fenway Racing signs 12-race sponsorship deal with Guaranteed Rate for Ryan Newman |url=https://www.espn.com/racing/nascar/cup/story/_/id/29645592/roush-fenway-racing-signs-12-race-sponsorship-deal-guaranteed-rate-ryan-newman |website=espn.com |date=12 August 2020 |access-date=August 12, 2020}} They also sponsored Spanish racing driver Álex Palou.{{cite web |title=Strong Qualifying Run Gets Palou Indy 500 Sponsor |url=https://speedsport.com/indy/indycar-series/strong-qualifying-run-gets-palou-indy-500-sponsor/ |website=speedsport.com |date=22 August 2020 |access-date=August 22, 2020}}

In October 2020, the company became the title sponsor of a third-tier college football bowl game played at Chase Field in Phoenix, Arizona. The bowl has used several names since 2015, being branded as the Cactus Bowl and then the Cheez-It Bowl before being rebranded as the Guaranteed Rate Bowl.{{cite news |url=https://www.fiestabowl.org/news/2020/10/22/guaranteed-rate-joins-with-cactus-bowl-as-title-partner-for-newly-named-guaranteed-rate-bowl.aspx |title=Guaranteed Rate Joins With Cactus Bowl As Title Partner For Newly-Named Guaranteed Rate Bowl |website=fiestabowl.org |date=October 22, 2020 |accessdate=October 22, 2020}} In concert with the company's rebranding, the game was rebranded as the Rate Bowl in 2024.{{Cite web |date=2024-10-17 |title=Big Ten-Big 12 bowl game rebrands to 'Rate Bowl' |url=https://www.sportsbusinessjournal.com/Articles/2024/10/17/rate-bowl-rebrand?publicationSource=closingbell&issue=864686ea889a408d8159921141982434 |access-date=2024-10-17 |website=www.sportsbusinessjournal.com |language=en}}

Also in 2020, the company partnered with the National Hockey League, US Figure Skating, and World TeamTennis as their official mortgage partner.{{cite web |last1=Inklebarger |first1=Timothy |title=Guaranteed Rate hits the ice with two new partnerships |url=https://chicagoagentmagazine.com/2020/12/31/guaranteed-rate-hits-the-ice-with-two-new-partnerships/ |website=chicagoagentmagazine.com |date=31 December 2020 |access-date=December 31, 2020}}{{cite web |last1=Burns |first1=Mark |title=Guaranteed Rate Becomes NHL's Official Mortgage Sponsor |url=https://www.sportsbusinessjournal.com/Daily/Morning-Buzz/2020/12/22/NHL.aspx |website=sportsbusinessjournal.com |date=22 December 2020 |access-date=December 22, 2020}} They also sponsored US Figure Skating's National Get Up Day on February 1, 2021.

On January 22, 2021, the company was announced as the title sponsor of the 2021 Professional Bowlers Association Tour.{{cite web |title=Guaranteed Rate Takes Title Sponsorship of 2021 PBA Tour |url=https://www.sportstravelmagazine.com/guaranteed-rate-takes-title-sponsorship-of-2021-pba-tour/ |website=sportstravelmagazine.com |date=22 January 2021 |access-date=July 9, 2021}} Guaranteed Rate ran a 60-second spot during the Super Bowl LV broadcast on February 7, 2021, featuring mixed martial artist Dustin Poirier, NASCAR driver Ryan Newman, and Erik Weihenmayer, the first blind man to climb to the top of Mount Everest.{{cite web |title=The First Blind Man to Climb Mount Everest |url=http://www.adweek.com/brand-marketing/the-first-blind-man-to-climb-mount-everest-and-other-athletes-star-in-guaranteed-rates-first-super-bowl-ad/ |website=adweek.com |date=5 February 2021 |access-date=July 9, 2021}}

• Inc. 5000 list of fastest-growing private US companies, each year from 2008 to 2015, and again from 2018 to 2022{{cite news | title = Guaranteed Rate Company Profile by Inc. Magazine| publisher = Inc. Magazine | date = 2013-05-15 | url = http://www.inc.com/profile/guaranteed-rate | accessdate = 2013-05-15}}
• Guaranteed Rate named a top private U.S. job creator by Inc. Magazine
• Guaranteed Rate ranked as a top workplace by the Chicago Tribune in 2012, 2013, 2014, 2015, 2016, 2017, 2018{{cite web|title=Chicago Tribune Top Workplaces|url=http://www.topworkplaces.com/frontend.php/regional-list/company/chicagotribune/guaranteed-rate|publisher=Chicago Tribune|accessdate=2015-11-01}}{{cite news | title= Chicago Tribune Top Workplaces |url=http://www.chicagotribune.com/business/careers/topworkplaces/ct-graphics-top-workplaces-2016-htmlstory.html | publisher=Chicago Tribune | accessdate=2017-08-23}}{{cite web |title=Top Workplaces 2018: Salesforce, American Litho, CASE take top rankings in Energage survey |url=https://www.chicagotribune.com/business/careers/topworkplaces2018/ct-top-workplaces-searchable-chart-2018-htmlstory.html |website=Chicago Tribune |accessdate=18 December 2018 |last1=Tribune |first1=Chicago }}
• Guaranteed Rate was named Top Lender by Chicago Agent Magazine from 2016-2020{{cite news | title = Lender of the Year Guaranteed Rate| publisher = Chicago Agent Magazine | date = 2011-11-07 | url = http://chicagoagentmagazine.com/lender-of-the-year-guaranteed-rate/ | accessdate = 2013-05-15}}{{cite web |title=2018 Agents' Choice Awards—Lender of the Year: Guaranteed Rate |url=https://chicagoagentmagazine.com/2018/10/22/2018-lender-year-guaranteed-rate/ |website=Chicago Agent |date=22 October 2018 |accessdate=18 December 2018}}{{cite web |title=Mortgage Company of the Year: Guaranteed Rate |url=https://chicagoagentmagazine.com/2019/11/06/mortgage-company-of-the-year-guaranteed-rate/ |website=chicagoagentmagazine.com |date=6 November 2019 |access-date=November 6, 2019}}{{cite web |title=Mortgage Company of the Year: Guaranteed Rate |url=https://chicagoagentmagazine.com/2020/11/09/mortgage-company-of-the-year-guaranteed-rate-2/ |website=chicagoagentmagazine.com |date=9 November 2020 |access-date=November 9, 2020}}
• Founder and CEO, Victor Ciardelli, III was named an Ernst & Young Entrepreneur of the Year Award winner in 2012{{cite news | title = 2012 Midwest Award Winners| publisher = Ernst & Young | date = 2012-06-21 | url = http://www.ey.com/US/en/About-us/Entrepreneurship/Entrepreneur-Of-The-Year/MW_article_winners | accessdate = 2013-05-15}}
• American Business Award for digital mortgage technology in 2016
• Top Lender for Online Service, U.S. News & World Report, 2018{{cite web |title=The Best Mortgage Lenders of 2018 |url=https://loans.usnews.com/mortgage-lenders#the-best-mortgage-lenders-of-2018 |website=U.S. News & World Report |accessdate=18 December 2018}}

• Rated as the fourth best mortgage lender by Forbes {{cite news |title=Best Mortgage Lenders Of June 2024|url=https://www.forbes.com/advisor/mortgages/best-mortgage-lenders/|publisher=Forbes Advisor|date=2024-06-26}}

{{reflist}}

• {{official website|http://www.rate.com}}

Category:Mortgage lenders of the United States

Category:Companies based in Chicago

Category:Financial services companies established in 2000

Category:2000 establishments in Illinois