Record Hirings, Lending Expected at Guaranteed Rate

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MORTGAGE EXPERT
6 · 04 · 18

Guaranteed Rate Inc., which has seen its headcount grow by more than a thousand people over the past three years, expects to hire a record number of new employees this year to handle expected record originations.

The Chicago-based mortgage banking firm previously reported that it maintained a national staff of fewer than 2,400 as of Dec. 31, 2014.

But by the end of last year, Guaranteed Rate reported that employee count on a company-wide basis had ascended past 3,400 employees at the end of last year.

Guaranteed Rate said that staffing has expanded from 680 people in 2006 to more than 3,600 today.

The home lender has plans for even more rigorous growth.

According to a news release issued Monday, Guaranteed Rate said that aggressive recruiting and hiring this year has it expecting 2018 to be its largest hiring growth year in its history.

Historical data indicate that the company added roughly 500 employees between the end of 2014 and the third-quarter 2015.

Experienced loan processors, mortgage underwriters and purchase secondary analysts are being recruited.

“We’ve already had a record number of loan originators hired in the first half of 2018 and are looking to add more talented individuals to be part of our team,” Guaranteed Rate Founder and Chief Executive Officer Victor Ciardelli said in the statement.

Recent growth has been fueled by record loan originations in both March and April. Record originations are expected for all of 2018.

Recruiting events are being held at a branch in Edina, Minnesota, today; Mount Laurel, New Jersey, on Wednesday; and Clearwater, Florida, on Thursday.

Mortgage Expert

Mortgage Daily Staff

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