Rate Launches Veteran’s Employee Resource Group, Broadening its Diversity, Equity and Inclusion Initiatives
CHICAGO (MAY 27, 2022)—Rate Companies, a leader in mortgage lending and digital financial services, recently launched its newest employee resource group (ERG), VetNet, further bolstering its commitment to promoting a culture of diversity and inclusivity to its more than 10,000 employees.
“VetNet is dedicated to fostering a strong network for Rate Companies’ military community, including former service members, their family members and their supporters,” said Jason C. Scott, Senior Vice President, Director of VA Lending for Rate. “This community was built for members to engage personally and professionally while creating a sense of belonging within the organization.”
During monthly forums, members can support and encourage one another through shared experiences, veteran recruitment, career development, outward engagement, professional growth and retention.
“Transitioning from military culture back into a normal civilian routine tends to be a difficult adjustment for a lot of veterans, myself included,” said Jason Memmen, a Senior Mortgage Specialist for Rate and founding member of VetNet. “One of the main reasons I wanted to form VetNet is provide that sense of camaraderie and community we were used to when we served.”
VetNet joins Rate’s current ERGs, including LEAD, Leadership, Equity and Development; PROUD, committed to promoting LGBTQ+ acceptance in the workplace; and GROW, the Rate Organization of Women.
About Rate Companies
Rate Companies is a leader in mortgage lending and digital financial services. Headquartered in Chicago, the Rate Companies has more than 10,000 employees in over 850 branches across the U.S., serving all 50 states and Washington, D.C. Since its launch in 2000, Rate Companies has helped more than 1 million homeowners with home purchase loans and refinances, with a total loan volume of more than $116 billion in 2021 alone. The company has cemented itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. Honors and awards include: Top Lender for Online Service for 2018 by U.S. News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashClose℠ technology; No. 3 ranking in Scotsman Guide’s 2021 list of Top Retail Mortgage Lenders; Chicago Agent Magazine’s Lender of the Year for six consecutive years; and Chicago Tribune’s Top Workplaces list for seven consecutive years. Visit rate.com for more information.