General World News

Compass is Guaranteed Rate’s latest dance partner

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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