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December 15, 2017

PE Firm Thomas H. Lee Buys a Stake in Guaranteed Rate, but Ciardelli Still in Control

By Paul Muolo

The spokesperson noted that Guaranteed Rate founder and CEO Victor Ciardelli “is still in control.”

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%