guaranteed rate

Top 10 Retail Mortgage Lender in the U.S.

2 Copyright © 2000-2014 Guaranteed Rate. All rights reserved.

Founded in 2000 by President and CEO Victor

Ciardelli

Closed Loan Volume, 2000-2013

Loan Coverage Across the US

Industry Leading Customer Service


2014 NAHB Show With Ty Pennington, Our Spokesman


A Mortgage Company Built for Builders


Your partner for every phase of a transaction from beginning to end

Guidance for Condo warranty

Real-time buyer

approvals

More non-contingent

offers

Local appraisers

Buyer rate protection

Loan status

updates

Turn-key marketing programs

Fun, engaging

events

We Help Get Your Condo Projects Warrantable We will support you in the process…


• In-house condo approval department

• Weekly calls with our in-house experts

• Educational opportunities for your project approval

• New construction condo approval w/Fannie and Freddie

• FHA project approval

• Portfolio product for Non-Warrantable (at the end)

• No presale requirements

• Condo 51% CPM approval/PERS available

• 95% financing available with PMI. SFR and condos

Real Time Buyer Approvals in Your Officein 15 minutesYou can be certain you are working with qualified leads


Clients have an easy, intuitive online application that allows them to choose the rate they want, and get pre-approved instantly.

1. Choose a loan and rate

2. Free credit report

3. Instant approval

4. Print a pre-approval

letter

5. Save $150 at closingIn-Office Kiosks Available

InstantApproval Letterfor Your Buyers


Buyers will know what they can borrow.

You’ll know that they’re qualified, so you spend time with qualified clients.

Your Buyers Can Shop With Confidence and Certainty


Long-term rate locks up to 12 months

• Secure your buyers in a rising rate environment. Some buyers won’t qualify at tomorrow’s higher rates

• “Float Down” feature if rates do improve

• Available on fixed and ARM products as well as Jumbo, FHA and conventional

24/7 Loan Status For Your Buyers and For You


With automated email notifications for each step of the process

We Can Help You Close More Deals With More Financing OptionsWe can provide options where the Big Banks may fall short


• Over 40 lenders available

• Direct lender with Fannie/Freddie, Fixed & ARM

• 95% financing available with PMI: single family &

condominium

• Up to 90% CLTV piggyback loans

• Fixed & HELOC available

• State bond programs available

And We Have a Comprehensive Set of Jumbo Financing Options


• 16+ correspondent lenders available

• 20+ wholesale/portfolio lenders available

• Non-warrantable condos up to $1,000,000

correspondent/$3,000,000 broker

• 90% LTV on SFR/condo to $850,000

• 80% LTV to $2,500,000

• 70% LTV to $3,000,000

• 50% DTI

• ARM interest-only available

• Ability to lend 2 years after short sale

Stronger Contracts and Fewer Contingent Offers


Expanded guidelines for more non-contingent contracts• Expanded debt-to-income ratio• 5/1 ARM qualifies at note rate (not the fully indexed rate)• No equity requirement on departing residence to utilize rental income

• Example:– New home purchase: $500k– New home loan amount: $400k– Equity in vacating home: 0%– Rental income on vacating residence: $2,000 / mo.– Borrower DTI with both properties:

• As with big bank 52%• As with GRI 45%

Big bank: declined

Guaranteed Rate: APPROVED

Builder Partners Receive a Full Approval Up Front

Your buyers are fully approved to ensure they close


• Full loan approval issued to builder, NOT a pre-qualification

• Appraisal ordered at the time of application

• Regular loan status reports on all transactions with GRI

We Help You Eliminate Buyer Fall-Out


We look for “landmines” at application with our 10-point checklist

1. Review and source all earnest money2. Review and source all large deposits3. Discuss the pitfalls of taking on additional debt during

construction4. Discuss how a job change can impact approval during

construction5. Discuss how title is to be held at the time of close6. Review power of attorney options/needs for close7. Detailed credit report review (short sales, credit disputes,

inaccurate data)8. Notification that an additional credit report to be pulled prior

to close9. Notify lender of all upgrades at least 10 days prior to close10. Discuss any possible seasonal work that won’t be completed

We Work With Local Appraisers Who Know Your Market


Dedicated panel of local appraisers who are experts in your area/market

Note: Select Jumbo investors may require third-party appraisal management company

We Can Make Your Website More Useful

Easy to Plug-in Widgets – No cost

Logos and Widgets

Preferred lender logo and widgets available for integration onto your website. Our team is available to assist with placement and copy.


• GR preferred lender logo• Widgets• Mortgage landing page

We Help Educate Your Buyers With Informative eBooksAvailable to download with one click


Demystifying the Mortgage Process

• Great for first time homebuyers or folks who might need a refresher

• Jargon-free, easy-to-understand 28-page ebook

Appraisals Explained

• Outlines the impact of a home appraisal

• Provides client with the knowledge to easily review appraisal report

We Execute Proven Joint Marketing Campaigns With Our Builder PartnersPostcards


• Just Listed and Just Sold Postcards• Other neighborhood postcards• Targeted mailings/prospecting• Client retention – mailings to current clients

We Create Client Marketing Materials That Help You Close More Deals

Brochure stand with bi-fold brochures


Flyers for buyer packets

We Organize Fun and Engaging Events


Get foot traffic to the models and developments

Increase Visibility

Builders can work with their Guaranteed Rate loan officer to sponsor catering and provide marketing materials for model homes and open houses, first time homebuyer seminars, client appreciation and professional networking events.

• Decorating Class for your new home• Homebuyer Seminar with expert panel• Family Photo Shoot

• Open Houses/Home Tours

• Social Media and iPad Trainings• Block Parties

Guaranteed Rate: A Mortgage Company Built for Builders


Tom PessemierVice President of Mortgage LendingP: 941.313-8148C: 425.780.6374Tom.Pessemier@guaranteedrate.comwww.guaranteedrate.com/tompessemier

State Lic.: FL - LO23120 - MLD618, WA - MLO-117989 - CL-2611

NMLS (Nationwide Mortgage Licensing System) ID 2611 AL - Lic# 21566 AK - Lic#AK2611 AR - Lic#103947 - Guaranteed Rate, Inc. 3940 N Ravenswood, Chicago IL 60613 866-934-7283 AZ - Guaranteed Rate, Inc. - 14811 N. Kierland Blvd., Ste. 100, Scottsdale, AZ, 85254 Mortgage Banker License # BK-0907078 CA - Licensed by the Department of Business Oversight, Division of Corporations under the California Residential Mortgage Lending Act Lic #413-0699 CO - Guaranteed Rate, Inc. Regulated by the Division of Real Estate, 773-290-0505 CT - Lic #17196 DE - Lic # 9436 DC - Lic #MLB 2611 FL - Lic# MLD618 GA - Residential Mortgage Licensee #20973 - 3940 N. Ravenswood Ave., Chicago, IL 60613 HI - Lic#HI-2611 ID - Guaranteed Rate, Inc. Lic #MBL-5827 IL - Residential Mortgage Licensee – Illinois Department of Financial & Professional Regulation, 3940 N Ravenswood Ave, Chicago, IL 60613 MB.0005932 IN - Lic #11060 & #10332 IA - Lic #MBK-2005-0132 KS - Licensed Mortgage Company - Guaranteed Rate, Inc. - License #MC.0001530 KY - Mortgage Company Lic #MC20335 LA - Lic #RML2866 ME - Lic #SLM1302 MD - Lic #13181 MA - Guaranteed Rate, Inc. - Mortgage Lender & Mortgage Broker License MC 2611 MI - Lic #FR0018846 & SR0018847 MN - Lic #MO 20526478 MS - Guaranteed Rate, Inc. 3940 N. Ravenswood Ave., Chicago, IL 60613 - Mississippi Licensed Mortgage Company, Lic # 2611 MO - Guaranteed Rate Lic # 10-1744 MT - Lic# 2611 Licensed in NJ: Licensed Mortgage Banker - NJ Department of Banking & Insurance NE - Lic #1811 NV - Lic #3162 & 3161 NH - Guaranteed Rate, Inc. dba Guaranteed Rate of Delaware, licensed by the New Hampshire Banking Department - Lic # 13931-MB NM - Lic #01995 NY - Licensed Mortgage Banker - NYS Department of Financial Services- 3940 N Ravenswood, Chicago, IL 60613 Lic # B500887 NC - Lic #L-109803 ND - Lic #MB101818 OH - Lic #MBMB.850069.000 & Lic #SM.501367.000 - 3940 N. Ravenswood Ave., Chicago, IL 60613 OK - Lic # MB001713 OR - Lic #ML-3836 - 3940 N. Ravenswood Ave., Chicago, IL 60613 PA - Licensed by the Pennsylvania Department of Banking and Securities Lic #20371 RI - Rhode Island Licensed Lender Lic # 20102682LL, RI - Rhode Island Licensed Loan Broker Lic # 20102681LB SC - Lic #-2611 SD - Lic# ML.04997 TN - Lic #109179 TX - Lic # 50426 & Lic # 47207 UT - Lic #7495184 VT - Lic #LL6100 & MB930 VA - Guaranteed Rate, Inc. - Licensed by Virginia State Corporation Commission, License # MC-3769 WA - Lic #CL-2611 WI - Lic #27394BA & 2611BR WV - Lic #ML-30469 & MB-30098 WY - Lic#2247

guaranteed rate - a mortgage company built for builders

Real Estate

indexed rate

note rate

longterm rate

loan approval

builders copyright

rising rate environment

financing available