An Illinois firm proclaims that it is the fastest-growing U.S. mortgage company. Business at the corporation, which operates in most states, has more than doubled since 2006.
Guaranteed Rate Inc., which opened its doors in 1999, says that it has closed more than 100,000 home loans.
The Chicago-based company reports more than $34 billion in loan production since 2001.
Last year’s originations alone amounted to $6.9 billion, the same volume of residential loans closed by the company during 2010.
Fundings during 2011 have more than doubled from five years earlier, when approximately $3.1 billion in loans were originated.
Guaranteed, which operates 127 offices in 47 states, says it employs more than 1,700 people. Among the 39 job openings listed for the company at Monster.com are loan officers, mortgage consultants and loan coordinators.
The firm claims to be “America’s fastest growing mortgage company.”
In March, it announced the acquisition of Hammonton, N.J.-based Superior Mortgage Corp., which increased Guaranteed’s headcount by 320 and raised annual production by around $1.3 billion.
Guaranteed Mortgage President and Chief Executive Officer Victor Ciardelli won the Ernst & Young Entrepreneur of the Year 2012 award in the Midwest Region, an announcement Monday said. Ciardelli can now be considered for the National Entrepreneur of the Year 2012 Award.
