Guaranteed Rate Names New Divisional Managers

Guaranteed Rate has appointed two new Divisional Managers, the company announced in a press release. Ryan Ogata, who joined Guaranteed Rate in 2017, has been named Divisional Manager overseeing the Northwest market, including Alaska, Oregon, Washington, and Northern California. Ogata previously served as a regional manager. Guaranteed Rate’s loan volume in Northern California rose more than 600% in the four years since he joined the company. “Guaranteed Rate offers best-in-class technology, service, and sales leadership, which allows our teams to expand their presence in our markets and better serve homebuyers throughout the entire mortgage process,” said Ogata. “I’m excited to continue recruiting and developing top talent in sales and operations.” Tim Sorenson, who also joined the company in 2017, has…

Morning Roundup (11/30/2021)– Your Company’s Favorite Charity Could Receive $1,000!

Good Morning! Today is Tuesday, November 30. The W.H.O called the Omicron variant a “very high” risk to global health. Jack Dorsey stepped down as Twitter’s chief executive. Barbados swore in its first president, officially becoming a republic and cutting ties with England. And in mortgage and housing news… Your Company’s Favorite Charity Could Receive $1,000: Across the country this December, mortgage professionals will be stepping up to help people in need, support community charities, and generally help make the season a little brighter. The Mortgage Note wants to celebrate those efforts by highlighting them in an upcoming edition of this newsletter. One office’s favorite charity will receive a $1,000 donation from The Morgage Note! Details here. SFRhub Teams Up With…

DOJ: Guaranteed Rate To Pay $15M Fine

Mortgage lender Guaranteed Rate Inc. has agreed to pay a $15 million fine to resolve allegations it failed to properly and adequately underwrite federally backed loans, the Department of Justice announced. DOJ said Guaranteed Rate “knowingly failed to comply with material program rules that require lenders to maintain quality control programs to prevent and correct underwriting deficiencies, self-report any materially deficient loans that they identify, and ensure that the underwriting process is free from conflicts of interest.” Guaranteed Rate said in a statement that the company “worked with the DOJ to identify some mistakes and made the necessary improvements to our operations.” “Guaranteed Rate is committed to doing the right thing and serving the needs of our customers,” the company…