Independent mortgage firm, real estate brokerage have formed Proper Rate
Independent retail mortgage firm Guaranteed Rate and residential real estate brokerage @properties have formed a joint venture.
The mortgage origination operation called Proper Rate plans to launch in early 2020 in select markets across the country, combining the leadership and technology of the two entities.
"This is a unique opportunity for us to accelerate growth by working together with one of our most trusted and best-in-class business partners," said Guaranteed Rate Founder and Chief Executive Officer Victor Ciardelli.
@properties co-CEO and co-founder Thad Wong added that they have a vision for an independent mortgage company “built around relationships between borrowers, real estate agents, loan originators and other key stakeholders in the real estate transaction.”
Proper Rate’s loan origination platform will feature a complete digital mortgage, an easy-to-understand, transparent loan process with competitive pricing and unmatched expertise from top-producing loan officers.
"Proper Rate will allow us to more seamlessly integrate the entire real estate transaction, from brokerage to mortgage financing to title and closing services, resulting in a better experience for the consumer and increased value for the real estate agent and loan originator managing the transaction," said @properties co-founder and co-CEO Mike Golden.
