Rate Ranked #1 For Revenue Growth on List of Largest Privately Held Companies

By: Nicole Gates

Driven by the largest revenue growth, year over year, of any private company in the Chicago area, Rate was recognized as a top privately held company by Crain’s Chicago Business magazine for the sixth year in a row. Rate achieved 172 percent growth, generating $496.5 million in revenue and funding more than $14.7billion in home loans last year. Coming in at No. 78 out of 308 on the list, the company’s growth led it to move up from the No. 167 position in 2011.

“Rate’s growth correlates with our hyper-focus on our customers, loan officers and real estate partners through developing industry-leading technology that enables us to make the home loan process more efficient while offering the best selection of loans with the lowest combination of rate and fee,” said Victor Ciardelli, president and CEO of Rate. “We are committed to continuing to offer the best mortgage experience possible and we’re honored to be recognized by Crain’s Chicago Business for the sixth year in a row.” 

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