Rate's Mortgage Edge

CHICAGO, IL — June 9, 2008 — Rate CEO Victor Ciardelli was featured in this weeks Crain’s Chicago Business magazine. The article, “Banks’ Mortgage Edge,” details Rate’s growth and success as other lenders face increasing challenges in today’s housing market.

“Unlike many mortgage bankers, which have shrunk or disappeared altogether in the past year…[Rate’s] mortgage production was up 50% to $2.0 billion in the first five months of this year,” the article states. Rate also hopes to win a state banking charter.

Rate continually evolves their product offerings to provide cost-savings to borrowers over the life of their mortgage. By adapting to industry trends and shopping their competition everyday, Rate always guarantees consumers the lowest cost mortgage.

Ciardelli echoes Rate’s focus on being an accountable lender that doesn’t leave home owners with unanswered questions. "Borrowers today want to know you're a company that can close the transaction from start to finish.”

Founded in 2000 and based in Chicago, Illinois, Rate provides consumers with low-cost home loans, and is privately held.

CONTACT:
[email protected]
https://www.rate.com