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Guaranteed Rate Introduces Technology to Streamline Loans

""Guaranteed Rate"":http://www.guaranteedrate.com/, the largest independent retail mortgage company in the country, announced sweeping changes to its website that will affect how borrowers apply for, track, and receive their home loans.

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With the newly upgraded GuaranteedRate.com, customers can now receive approval for a home loan in as little as 15 minutes. In addition, the first-of-its-kind online process gives customers control and transparency over their loan by enabling submission of a secure application, immediate access to their credit scores, and automated underwriting.

Once the loan is being processed, customers now have the ability to track its progress online at any time.

""Guaranteed Rate has grown to become one of the largest mortgage lenders in the U.S. because we lead the way in providing low rate, low fee loans, industry-leading customer service and an easy-to-understand home loan process,"" said Victor Ciardelli, president and CEO of Guaranteed Rate. ""Now, we're taking our commitment to our customers a step further by putting the borrower in control of the process and providing them with the tools necessary to get a home loan faster and easier than before.""

Ciardelli added that by submitting an application through Guaranteed Rate's site, the company gives customers $150 back at closing, further reducing fees.

Guaranteed Rate is headquartered in Chicago.

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