Guaranteed Rate to acquire assets for Hawaii expansion

Independent retail mortgage company Guaranteed Rate has announced that it will acquire certain assets of Honolulu HomeLoans and Hawaii Lending Alliance to grow its existing presence in the Hawaii market.

In connection with the transaction, Guaranteed Rate will license new branch locations in downtown Honolulu and several other locations and maintain its existing branch locations in Honolulu and Aiea.

Guaranteed Rate has been operating in Hawaii since 2015. As a result of this acquisition, the company will expand its presence in the state, with many of the former loan officers of Honolulu HomeLoans and Hawaii Lending Alliance joining Guaranteed Rate.

“Hawaii is a growing market where we’ve already built a great team. Adding this opportunity will accelerate our market share dramatically,” Guaranteed Rate CEO and founder Victor Ciardelli said. “I appreciate the hard work and commitment of the current Honolulu HomeLoans and Hawaii Lending Alliance employees during this transition.”

“I am thrilled that Honolulu HomeLoans and Hawaii Lending Alliance are becoming part of Guaranteed Rate,” former HHL President and CEO Anders Hostelley said. “What enables Guaranteed Rate to be a top retail lender in the country will certainly benefit our loan officers, realtor partners, and customers. Guaranteed Rate has cutting-edge technology coupled with excellent customer service and an outstanding base of products to offer our clients, which will enable us to excel as a mortgage lender in Hawaii.”

Hostelley joins Guaranteed Rate as a regional manager, continuing to lead that business unit.