Guaranteed Rate announces significant investments to rapidly develop end-to-end digital solutions to serve customers across a diverse range of financial products beyond mortgages. End-to-end digital HELOCs are already available in 41 states and Washington, DC, and end-to-end digital personal loans are currently being tested in Illinois and will soon be rolled out nationwide, the company said.
“Guaranteed Rate is committed to becoming the #1 fintech in the country,” said Victor Ciardelli, President and CEO of Guaranteed Rate. “Our company has long been the digital leader in mortgages, and we are uniquely positioned to use our incredible technology platform to deliver impressive new end-to-end digital solutions that will make our customers’ lives easier and better.”
The company says these new Fintech solutions will be designed for rapid scaling nationwide and deliver low-friction customer experiences that emphasize speed, flexibility and convenience. Along with Guaranteed Rate’s industry-leading digital mortgage customer experience, these new digital products will enable the company to develop broader, deeper, longer-lasting and higher-value relationships with its customers.
“Our goal is nothing less than to be the best Fintech in the country by creating incredible digital solutions that will make a real and positive difference in people’s lives,” says Ramesh Sarukkai, Chief Product and Technology Officer at Guaranteed Rate. “And I’m absolutely confident that we have the technical team to make it happen.”
To drive these Fintech initiatives, the company has added three executives to its leadership team. Raman Muralidharan will serve as President of New Financial Products, reporting to Ciardelli. Anand Cavale, Executive Vice President and Head of Unsecured Lending Products, will report to Muralidharan; and Arun Tripathi, executive vice president and head of new secured lending products.
Prior to joining Guaranteed Rate, Muralidharan was Senior Vice President of Lending at HSBC, USA, where he led the digitalization and growth of the mortgage business and helped launch personal loan and credit card products. digital credits. At Guaranteed Rate, he will lead the company’s overall expansion into new financial products.
“Rate Guaranteed has a tremendous opportunity for growth by offering additional products and services that meet the needs of our customers,” says Muralidharan. “Our goal is to produce game-changing Fintech solutions that deliver unparalleled speed, ease and convenience to our customers.”
Cavale previously held global leadership positions at Citi as Managing Director, Consumer Banking and later as Head of Consumer Lending at SoFi. In his new role at guaranteed rates, he is responsible for building new businesses that make it easier for consumers to borrow and spend in collaboration with the management team.
Tripathi most recently served as Head of Mortgage Products, Pricing and Capital Markets at HSBC, USA, before joining Guaranteed Rate. Previously, he worked at Bank of America and USAA in various management roles. In his new role at Guaranteed Rate, he is responsible for launching and growing new lines of business focused on offering new guaranteed loan products to customers and prospects.
For more information, visit https://www.rate.com/.