Companies with a guaranteed rate acquire the legal title of a guarantee fund Inc.

April 8, 2022 10:08 AM ET

Legal information POWERED BY LAW.COM

Guaranteed Rate Companies, a leader in mortgage lending and digital financial services, announces today that it has completed the acquisition of Attorneys’ Title Guaranty Fund Inc. (ATG), Chicagotitle-title insurer.

“Adding the ATG team to the Guaranteed Rate team is a win-win situation, allowing us to continue serving consumers in the real estate sale and purchase process,” said Guaranteed Rate president and CEO. Victor Ciardelli.

Ciardelli added: “I have always appreciated and appreciated the importance of the lawyer’s role in real estate transactions. Therefore, the Guaranteed Rate is committed to the lawyer-agent business model developed by ATG. We look forward to building on ATG’s success by providing lawyers and consumers with the technology, tools and additional support that will enable ATG to grow in the years to come. ”

About the acquisition, the president and CEO of ATG Piotr Birnbaum said: “This is a very exciting opportunity for our law firms, team members and clients. Thanks to the support of the Guaranteed Rate, ATG will continue to be the most staunch and effective advocate of lawyers in the assignment process. We are delighted to be part of such an innovative, technologically advanced company that aims to preserve the lawyer-oriented service model that has been defining ATG’s success for years. ”

Birnbaum and his team have worked for decades to continue the legacy of the founders of the organization: retaining the role of a lawyer in real estate transactions for the benefit of the consumer. “Together, ATG and Guaranteed Stake can continue our mission long into the future by demonstrating to the public that lawyers play a vital role in protecting consumers in the biggest financial transactions of their lives,” Birnbaum said.

Over the past ten years, guaranteed rate companies have experienced exponential growth, with record growth $ 116 billion in total loan volume in 2021 alone. This acquisition will provide consumers with an even smoother experience in new markets, broaden the legal model and strengthen the continued expansion of Guaranteed Rate into a wider range of financial services.

About companies with a guaranteed rate

Guaranteed rate companies are a leader in mortgage lending and digital financial services. Headquarters in ChicagoGuaranteed rate companies employ more than 10,000 employees in more than 850 offices across the United States, serving all 50 states and Washington Since its inception in 2000, GAR companies have helped over a million homeowners with home purchase loans and refinancing, totaling over $ 116 billion in 2021 alone. The company has established itself as an industry leader by introducing innovative technology, offering low rates and providing unmatched customer service. Honors and awards include: 2018 US News & World Report Best Online Lender; Best Online Loan Mortgage Lender & NerdWallet Refinance Mortgage Lender for 2021; Tech100 Award 2020 by HousingWire for industry-leading FlashClose technology; 3rd place in the Scotsman Guide 2021 Top Retail Mortgage Lenders ranking; Chicago Agent Magazine’s Lender of the Year for six years in a row; and a list of the best jobs with the Chicago Tribune for seven consecutive years. Visit rate.com for more information.

Information about the Inc.

With thousands of its member lawyers, the ATG has presided over more than three million home closings since 1964 and provides home buyers with competitive title insurance. ATG has built up a significant customer base, providing excellent service at competitive prices. Independent Rating Bureau Demotech, Inc. gave it an A ′ (A Prime) Financial Stability Rating (FSR), unmatched.Chicago Largest Private Companies ”, for five consecutive years, incl January 2022. In addition, ATG is rated A- by the Kroll Bond Rating Agency, Financial Institutions: Title Insurance Rating Report. For more information, visit atgf.com/aboutATG/about-us. In addition to title insurance, ATG offers other legal and housing services through its subsidiaries. For more information, visit atgf.com/aboutATG/atg-subdiaries.

Piper Sandler & What. and Conlon and Company served as financial advisers to ATG; David T. Brown and Peter A. Shepard of Much Law PC, he was the legal advisor of ATG.


Url:
https://www.rate.com/

Contact info:

https://www.rate.com/


Tags: Wire, Legal Newswire, United States, English

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