Guaranteed Rate Names Joseph Grassi as Chief Risk Officer
February 27, 2020 (CHICAGO) – Guaranteed Rate, one of the largest retail mortgage lenders in the nation, announces the appointment of industry veteran Joseph Grassi as Chief Risk Officer to oversee its risk management and join the leadership team to support the company’s significant growth.
Grassi, whose experience in the industry spans several decades, is responsible for assessing and mitigating potential risks, while continually maintaining and improving a strong compliance environment. This includes integrated oversight and working closely with leaders of departments across the company, including credit, internal audit, compliance, and legal.
“We are thrilled to have Joe as part of our team,” said Guaranteed Rate Founder and CEO Victor Ciardelli. “His impressive industry experience will allow us to build on our strong compliance and risk management functions while greatly supporting our company as we continue our momentum of innovation and growth.”
Before joining Guaranteed Rate, Grassi spent over 20 years at Fannie Mae as a lead legal advisor, and most recently served as the Principal Deputy General Counsel for the U.S. Department of Housing and Urban Development. Throughout his career, he has settled major regulatory matters and provided strategic advice to help achieve business goals, streamlining the compliance and legal operations in order to reduce costs and improve performance.
“Guiding this great organization through its continued and significant growth by managing the unique risks associated with the mortgage industry is an incredible opportunity and an exciting challenge,” said Grassi. “Guaranteed Rate is known for setting the standard for customer service and I’m thrilled to be part of a company with such a positive culture.”
For more information, visit: rate.com/about-us/leadership
About the Guaranteed Rate Companies
The Guaranteed Rate Companies, which includes Guaranteed Rate Inc., and Guaranteed Rate Affinity, LLC, has over 5,000 employees in a total of 700 offices across the U.S and funded $37 billion in 2019. Headquartered in Chicago, Guaranteed Rate Inc. is one of the largest retail mortgage lenders in the United States. Founded in 2000 and licensed in all 50 states and Washington, D.C., it has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. Collectively, the companies have earned honors and awards including: "Top Lender for Online Service" for 2018 by U.S. News & World Report; No. 3 ranking in Scotsman Guide's Top Retail Mortgage Lenders 2018; Chicago Tribune's Top Workplaces list for seven consecutive years; and Best Online Lender and Best Lender for FHA Streamline Refinance by NerdWallet in 2019. Visit rate.com for more information.