Fresh off its acquisition of Stearns, Guaranteed Rate has picked up Owning Corporation, a direct-to-consumer mortgage lender.
The acquisition gives Guaranteed Rate, best known for its retail prowess, another engine to boost its growth in the direct-to-consumer channel.
Terms of the deal with Orange, California-based Owning were not disclosed.
According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020.
“We’re actively seeking strategic acquisition opportunities to strengthen our position in growth channels,” said Guaranteed Rate’s President and CEO Victor Ciardelli in a statement. “The addition of Owning complements our existing details ⇒
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