Guaranteed Rate has found another dance partner. And Compass is borrowing from the playbook of its most visible direct competitor.
Guaranteed Rate, the Chicago-based mortgage lender, and Compass, the New York City-headquartered residential real estate brokerage, “entered into a definitive agreement to form OriginPoint, a new mortgage origination company,” according to a press release Tuesday.
“OriginPoint will originate mortgages for clients of Compass’s real estate brokerage, as well as any other brokerage, making loans available to a broad consumer audience,” per the release.
The release does not say who may the lead the company or its official launch date. Messages left details ⇒
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