General World News

Guaranteed Rate closes Stearns wholesale channel

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending, just one year after it acquired the multichannel lender.

“Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

To ensure success, the company “sometimes makes hard decisions,” but Guaranteed Rate’s leadership is committed to making what is already the best value for its customers, Ciardelli wrote. The email explained that the last day to register details ⇒

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