Non-QM, Broker Products; Training and Events Coast to Coast

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Posted To: Pipeline Press

Partnerships and acquisitions are flying around like monkeys in the Wizard of Oz. (Okay, that was a reach, but I saw it in the bookstore yesterday so was “top of mind.”) The latest example is Guaranteed Rate and @properties teaming up to launch a Chicago-based mortgage lender. The JV (“Proper Rate”) will open its doors in the first quarter of 2020. Guaranteed Rate founder and CEO Victor Ciardelli will lead the firm, and the company will serve chiefly to make home loans to home buyers represented by @properties’ 2,800 agents, who serve mainly the Chicago-area market. “Clients will be free to use any lender they choose, but many want the convenience of an in-house choice.” Lender Products and Services Non-QM has turned into a full-fledged industry in…(read more)

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