Who owns Guaranteed Rate?

Guaranteed Rate Companies is a U.S. residential mortgage company headquartered in Chicago, Illinois. 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 benefit.

Who owns the Guaranteed Rate?

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, and serves as chairman and CEO.

Guaranteed Rate announced plans to sell a minority stake in the company to an affiliate of Boston-based private equity firm Thomas H. Lee Partners. The partial sale was finalized in June 2018. Guaranteed Rate founder Victor Ciardelli will continue to lead the company as CEO and chairman of the board and will continue running day-to-day operations, while THL will have a “meaningful minority stake” in the company.

Guaranteed Rate’s industry-leading purchase origination mix, excellent track record of growth, and experienced team make this a compelling opportunity for THL,” Rao said. “We look forward to working with Victor and the Guaranteed Rate team to maximize the potential of this business and to further propel the Company’s continued growth and success in the years ahead.

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