Guaranteed Rate Announces Red Arrow Approval Express; Program Delivers Full Underwrite of Credit, Income and Assets

Chicago, Nov. 30, 2017 -- Guaranteed Rate, one of the largest retail mortgage lenders in the nation, today announced its no-cost Red Arrow Approval Express program which can speed up the mortgage process and help homebuyers obtain their dream home more efficiently. This program delivers a full underwrite of credit, income and assets, providing an edge over competing buyers.

For qualified buyers and conditions, the program allows buyers to:

• Secure credit approval before they’ve settled on a property
• Get full underwriting approval in as little as four hours
• Make an offer backed by an approval
• Compete with cash buyers and enjoy greater negotiating power

“Red Arrow Approval Express gives Guaranteed Rate customers a huge competitive advantage and can make the difference in being able to secure that first-choice dream home,” says Guaranteed Rate Chief Operating Officer Nikolaos Athanasiou. “Especially in seller markets this program minimizes the chance of losing a potential home to another qualified buyer, including all-cash offers.” 

Buyers will be prompted to submit several important borrower documents, including W-2 forms, paystubs, tax returns and bank statements. After completing Red Arrow Approval Express, buyers are equipped with a real credit approval from Guaranteed Rate and will be about ready to close upon finding a property and signing a contract. 

Consumers can call 773-290-0505 with questions and to be directed to a loan officer to further explain the program.

About Guaranteed Rate

Guaranteed Rate is one of the largest retail mortgage lenders in the United States. Headquartered in Chicago, the company has approximately 195 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $23 billion in loans in 2016 alone. The company has become the Home Purchase Experts® by introducing the world's first Digital Mortgage technology and offering low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Guaranteed Rate won an American Business Award for its Digital Mortgage technology in 2016, ranked No. 1 in Scotsman Guide's Top Mortgage Lenders 2016, was chosen as Top Lender 2016 and 2017 by Chicago Agent magazine and made the Chicago Tribune's Top Workplaces list seven of the past eight years. Visit rate.com for more information.

Attachments:

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/11f24630-f276-49ac-a6f6-07de635b1072

Linda Marsicano
Guaranteed Rate
773-354-2004
[email protected]