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Working At Guaranteed Rate

Industry
Financial Services
Revenue
Headquarters
Employees
3,495
Founded in
Website
Organization type
Private
Social media

Guaranteed Rate's goal is to change the way people purchase homes. With the Digital Mortgage SM solution that the company released in 2015, customers can be approved for a loan in less than 30 minutes. Guaranteed Rate has quickly made a name for itself through the low rates it offers and its dedication to customer success. The company is driven by a team that carries an entrepreneurial spirit with a commitment to success.

Diving Into the Values at Guaranteed Rate

To keep customers happy with their mortgage experience, Guaranteed Rate places an emphasis on paying close attention to detail, efficient teamwork, responsiveness, and overcoming any challenge. As a guide to keep everyone on the same page, the company has developed 10 core values that the team follows every day. The values are:

  • Grit: The team is relentless and always fighting for the win.
  • Customer First: The company believes that customer service should be world-class, not just industry-leading. With this in mind, the team strives to create a great experience for each and every customer.
  • Best of the Best: The foundation of the company is build upon the philosophy of hiring only the best employees, and working with only the best referral and mortgage partners.
  • Demand Excellence: The team is focused on having a better value proposition than the competition. They succeed by holding each other to the highest standards.
  • Hold Self and Others Accountable: The team is transparent in its work and because of that they own up to their mistakes.
  • Ownership: Everyone, regardless of their position, approaches each decision or idea as if they own the company.
  • Frugality: This value challenges the team to be inventive and self-sufficient.
  • Think Big: The company believes you should go the distance. Whether it's an idea or pushing beyond the impossible, just go for it.
  • Decisive Action: The culture at Guaranteed Rate is fast-paced. If a problem or opportunity emerges, the team acts quickly. But, of course, the decisions that are made in quick fashion have to be thoughtful.
  • We Give a Sh!t: The team strives to make a positive impact through the work they do. From creating an enjoyable experience for customers to working as a family, this company definitely cares.
  • "Our culture is centered on our values, which includes radical autonomy, bias to action, working with the best of the best, and thinking big. We foster an environment that upholds our values and attracts like-minded individuals," said Chief Information Officer Martin Logan.

    The Culture at Guaranteed Rate

    A Guaranteed Positive Experience

    The culture you'll find at Guaranteed Rate is one of the best you'll find in the country. They're consistently named a "Top Workplace" by the Chicago Tribune, Chicago Inno and other publications. The reason being is that the company fosters an open and sharing culture that inspires new ideas. This culture is responsible for improving customer experiences and how the team works together.

    "Our teams are cross-functional and include all of the roles necessary to design, build, and operate the team's product. This gives teams the ability to deliver their products without gridlocking on external resources," Logan said. It's really important for the company to match the experience it provides for customers to the experience it provides for its employees. So the company works hard to make sure the team has a positive and healthy experience in their workplace.

    The Office at Guaranteed Rate

    We Guarantee You'll Love the Rooftop

    Guaranteed Rate is headquartered in the Ravenswood neighborhood in Chicago, Illinois. The 90,000 square foot office features a scenic rooftop deck, a trained chef, a masseuse, a nurse practitioner, and an in-house gym. The most popular place to be at the office is on the roof. It has everything you need to have a good time. The roof is decked out with 2 bars, grills, ping pong tables, darts, and a foosball table. But that's not the only favorite feature of the office.

    "The artwork that fills the walls of our corporate office is one of our favorite features," said Guaranteed Rate Founder and CEO Victor Ciardelli. "Custom pieces are placed throughout Guaranteed Rate's hallways, and rock 'n' roll and sports-themed conference rooms. Not only does the artwork make our space fun and unique, but it also facilitates creativity in the workplace."

    The Benefits at Guaranteed Rate

    Where You'll Be Guaranteed a Turkey

    Far gone are the days where healthcare, 401k match, and public transit benefits are the only cool perks to a job when it comes to working at Guaranteed Rate. One of the unique perks to the job is that the company gives employees turkeys around the holidays. This means you'll probably be in charge of hosting Christmas dinner. Speaking of food, you're going to want to visit the on-site chef for healthy meals so you can prepare for those holiday meals. And if you're needing an extra boost to stay healthy, you can always visit the onsite gym or take a yoga or CrossFit class. One thing is for sure, Guaranteed Rate truly cares about your wellbeing.

    Guaranteed Rate's mission statement

    To deliver more value to customers than any other bank or mortgage company.

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    2.3/5

    Guaranteed Rate employee reviews

    Based on 4 ratings

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    Job openings at Guaranteed Rate
    7 positions

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    Guaranteed Rate employee reviews

    Guaranteed Rate employee reviews
    2.3/5

    Based on 4 ratings

    Work at Guaranteed Rate? Share your experience.
    Employee reviews
    profile
    1.0
    A zippia user wrote a review on Sep 2021
    Pros of working at Guaranteed Rate

    Ample Overtime

    Cons of working at Guaranteed Rate

    The culture, the pay, the benefits, the amount of work expected, the management. EVERYTHING.

    Guaranteed Rate benefits

    None

    Is this useful?
    profile
    3.0
    A zippia user wrote a review on Oct 2019
    Pros of working at Guaranteed Rate

    Flexible hours, processors stay on top of your loans

    Cons of working at Guaranteed Rate

    Underwriting overlays, slow turnaround times

    Is this useful?
    profile
    1.0
    A zippia user wrote a review on Mar 2019
    Pros of working at Guaranteed Rate

    Location

    Cons of working at Guaranteed Rate

    Did not earn enough to support myself, unfriendly and uncaring culture

    Guaranteed Rate benefits

    Bonus upon completion of required license testing

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    Work at Guaranteed Rate? Share your experience

    The team at Guaranteed Rate

    • The founders of Guaranteed Rate is Victor Ciardelli III.
    • The key people at Guaranteed Rate is Victor Ciardelli III.
    Key people
    Victor Ciardelli III

    Guaranteed Rate rankings

    Guaranteed Rate is ranked #56 on the Best Finance companies to work for in Illinois list. Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity.

    Read more about how we rank companies.

    Guaranteed Rate salaries

    Average Guaranteed Rate salary
    $51,430
    yearly
    $24.73 hourly
    Updated March 14, 2024

    Rate Guaranteed Rate's fairness in compensating employees.

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    Guaranteed Rate diversity

    9.7
    Diversity score
    We calculated Guaranteed Rate’s diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Guaranteed Rate’s workforce.
    Guaranteed Rate diversity summary. Zippia estimates Guaranteed Rate's demographics and statistics using a database of 30 million profiles. Zippia verifies estimates with BLS, Census, and current job openings data for accuracy. We calculated Guaranteed Rate's diversity score by measuring multiple factors, including the ethnic background, gender identity, and language skills of Guaranteed Rate's workforce.
    • Guaranteed Rate has 3,495 employees.
    • 52% of Guaranteed Rate employees are women, while 48% are men.
    • The most common ethnicity at Guaranteed Rate is White (62%).
    • 16% of Guaranteed Rate employees are Hispanic or Latino.
    • 10% of Guaranteed Rate employees are Black or African American.
    • The average employee at Guaranteed Rate makes $51,430 per year.
    • Guaranteed Rate employees are most likely to be members of the democratic party.
    • Employees at Guaranteed Rate stay with the company for 3.5 years on average.

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    Guaranteed Rate office locations

    Guaranteed Rate is headquartered in Chicago, IL

    Biggest Guaranteed Rate locations

    RankCityJob countAvg. salary
    1San Bernardino, CA15$55,916
    2Los Angeles, CA12$56,129
    3Glendale, CA11$56,089
    4Long Beach, CA10$56,084
    5Anaheim, CA9$56,041
    6Lancaster, CA8$56,247
    7Palmdale, CA8$56,185
    8Torrance, CA8$56,084
    9Chicago, IL5$51,876
    10New York, NY3$59,173

    Guaranteed Rate financial performance

    7.6
    Performance score

    Highest paying Guaranteed Rate competitors

    Compare Guaranteed Rate salaries to competitors, including RBC Mortgage Company, Cherry Creek Mortgage, and Republic Mortgage Home Loans. Employees at RBC Mortgage Company earn the highest average yearly salary of $62,643. The salaries at Cherry Creek Mortgage average $62,338 per year, and the salaries at Republic Mortgage Home Loans come in at $61,823 per year.
    RankCompanyAverage salaryJobs
    1$62,6430
    2$62,3380
    3$61,8230
    4$60,1100
    5$59,8440
    6$58,4860
    7$54,5590
    8$51,5750
    9$51,3230
    10$50,3840

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    Most common locations at Guaranteed Rate

    Zippia gives an in-depth look into the details of Guaranteed Rate, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Guaranteed Rate. The employee data is based on information from people who have self-reported their past or current employments at Guaranteed Rate. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Guaranteed Rate. The data presented on this page does not represent the view of Guaranteed Rate and its employees or that of Zippia.

    Guaranteed Rate may also be known as or be related to Guaranteed Rate, Guaranteed Rate Inc, Guaranteed Rate Inc. and Guaranteed Rate, Inc.