Victor Ciardelli | President and CEO - Forbes Councils Actively read by 45K+ of South Floridas Top Real Estate Industry Professionals. In addition, he was named to MPA Magazines 2013 Hot 100 list of the most influential people in the mortgage industry. Within five to seven years, Ciardelli's goal is to make the company he founded in 2000 one of the nation's top five mortgage companies, moving into ranks occupied by such heavy hitters as Wells Fargo, Bank of America and Quicken Loans. Victor Ciardelli - Facebook Last May, Victor Ciardelli, president and CEO of Chicago-based Guaranteed Rate, paid $37.5 million for an oceanfront home and adjacent lot at 7709 Atlantic Way. [24] The company budgeted up to $10 million for the campaign, growing to as much as $15 million in 2015. During the holidays, all employees receive a free turkey and rock out at a fabulous holiday party at the House of Blues. A one-of-a-kind compound in Miami Beach's exclusive beachfront Altos Del Mar neighborhood just sold for a record $37.5 million. So far, Guaranteed Rate's strategy is largely working. Altos Del Mar is a quiet neighborhood of beachfront homes in North Beach where a few properties have recently traded. [60] In November 2018, Guaranteed Rate announced that it would acquire some assets of Honolulu HomeLoans and its affiliate Hawaii Lending Alliance, in order to expand further into the state. An entrepreneurial spirit: Victor Ciardelli looks to innovate the Matthew Whitman Lazenby Sells Miami Beach Home for $21M - The Real Deal All rights reserved. PROFILEmiami takes no ownership of any imagery unless otherwise noted. Quote: "Everything that I'm trying to drive is efficiency, because I think the mortgage business is a dinosaur business.". Where people are really smart from a recruiting standpoint, even on the JV partnerships, what you really want to do is begin to reach out, and then hang around the rim looking for a rebound.. They shut the door in his face, said one person with direct knowledge of the talks. "It's all about more, more how can we grow," Ciardelli said. [15][16] In 2020, Banosian also became Guaranteed Rate's first loan officer to originate over $1 billion in total loan volume in a year, followed a few months later by Ben Cohen. Victor F Ciardelli III, Hinsdale, IL (60521) - Spokeo Anthony Noto, its CEO, spoke at length last week about the opportunity to capture the wealthy unbanked, particularly with mortgage products. He was born in Italy, north of Florence. [38], In October, Guaranteed Rate partnered with online notary company Notarize to launch a product allowing homebuyers to complete the entire closing process online. Back then, classmates wouldnt have predicted Victor would become the CEO of a major mortgage company he wasnt exactly a star student. Victor Ciardelli, CEO and founder of Guaranteed Rate, is an innovative entrepreneur who is revolutionizing the mortgage industry. We break down the deal for Stearns, and assess the Chicago lender's prospects as a public company. [24], In February 2014, Guaranteed Rate launched its first national ad campaign, featuring American television host Ty Pennington. With a total commitment to each client he represents, Victor Ciardelli holds a reputation for unsurpassed preparation and advocacy. In 2012, Ciardelli was named the regional winner of the Ernst & Young Entrepreneur of the Year award, and was named CEO of the Year by Mortgage Executive Magazine in both 2012 and 2013. Victor Ciardelli with his Miami Beach property. The company's headquarters in Chicago's North Center neighborhood resembles a tech firm in amenities it offers to employees. As a criminal defense attorney, he has accumulated an extensive list of Not Guilty verdicts in both the Federal courts system and in criminal courts across the State of Illinois. Ciardelli has a reputation as an intense, hands-on operator who is keen to grow Guaranteed Rate into a mortgage shop that can grace the same stage as a Rocket Mortgage. "Instead of feeling like, oh, we care about people's feelings and all that, it's all about results," he added. If you guys don't like it, I could care less. [33] The partial sale was finalized in June 2018. Sbroggio paid $782,500 for the 10,290-square-foot lot in 2011. "It's a wide open, transparent environment. "All the other kids were partying and going nuts," he said. So I said, alright, who else would I rather help than my employees and their friends and family? The company has also more top loan originators than any other bank or mortgage company, according to the top mortgage industry publication, Mortgage Executive Magazine. Victor Talks with Men's Book - Victor Ciardelli - CEO & Founder of My GPA was second to last for my entire graduating class. The property, north of the Miami Beach Golf Club on the Biscayne Waterway, includes a heated pool, Ipe deck, new boat lift, 70 feet of water frontage and a rooftop entertaining deck. Restaurateur of Salumeria 104 and Spris listed the house for $6M in August, Graziano Sbroggio with 3427 Meridian Avenue (Linkedin, Google Maps). And one of them was tarring driveways. Last fall, the company hired Olson as its first public relations and advertising agency of record and this year undertook its first national television advertising campaign, a $10 million effort featuring Ty Pennington. And it wasnt that I couldnt do it, I just refused to do it. In many respects, its hard to find such stark contrasts between two independent mortgage banks operating in the post-financial crisis years. So I worked two nights a week as a telemarketer, making phone calls to homeowners and looking at doing debt consolidations, refinancing their loans. Today, his company is the tenth largest retail mortgage lender in the country. Quarterly statements filed with the Securities and Exchanges Commission show that the deal generated about $619 million in originations during the second quarter, and about $1.9 billion in the nine months that ended Aug. 31. SoFi is determined to capture as much of the high-earner-not-rich-yet market as possible. 5 magnificent acres includes an approximately 400 sq/ft cabin and a fully functional 5th wheel trailer. 3940 N Ravenswood Ave, Chicago, Illinois, 60613, United States. As part of the deal for Stearns, Blackstone Group, which took full ownership in 2019, will receive an undisclosed minority stake in Guaranteed Rate. James Kleimann is the Managing Editor at HousingWire. Victor Ciardelli, CEO and founder of Guaranteed Rate, is an innovative entrepreneur who is revolutionizing the mortgage industry. "He was so enthusiastic," Conlon recalled. That frees loan officers, who may be outgoing but not so detail-oriented, to bring in new business. One of the core values was customer first, like you said, but another one was best of the best. I dont remember doing any homework. "One thing I appreciate about Victor is he's a nonconformist," Wong said. Another source said the shackles may actually come off for a lot of the Stearns folks, and theyll be energized by a new opportunity. The company gave the family $25,000 for food and clothing with hopes of helping them rebuild what had been lost. About Victor Ciardelli - Victor Ciardelli - CEO & Founder of Guaranteed It is a task that Ciardelli, a corporate chief whose laid-back looks belie an intense drive, is seeking to accomplish by rapidly adding offices across the nation, using technology to create a highly efficient, competitive workplace and not mincing his words. The founder and CEO of Guaranteed Rate, which originated $73 billion in mortgages last year, has made joint ventures and acquisitions a cornerstone of his growing business. Guaranteed Rate CEO Victor Ciardelli spends record $37.5M on Miami Industry executives believe theres sizable upside in the deal for Guaranteed Rate. As your partner grows, you grow.. Very difficult. After recalibrating his attitude in college, and in keeping with his underdog-made-good mentality, it was failure and frustration in the commercial real estate world that eventually led him to start Guaranteed Rate, the seventh largest residential mortgage company by volume in the United States. In addition to working on its online business, the company also is tinkering with its Partner Xchange, an online resource to help real estate agents market to clients as well as track a customer's mortgage loan application. Covering Miami, Fort Lauderdale and the Palm Beaches since 2016. How SoFis own plans to go public at a $8.6 billion valuation may impact the partnership down the road remains somewhat fuzzy. Stearns LOs are high-touch, they offer that white-glove service, added another former Stearns executive. Victor: I was part of a board of a hospital but I wasnt making a difference. How Victor Ciardelli Went From Broke and in a Bad Spot to CEO of a Mortgage Giant. "Quicken has built their business on that. Victor dropped by the WGN studio to talk about how that hard-earned grit helped him stick out the difficult times, and how the company is giving back to the community (outside of the baseball diamond). He let department heads speak their minds without interruption but asked pointed questions. Guaranteed Rate Gives Back at the Common Pantry, Guaranateed Rate Foundation Entrepreneur and Leadership Scholarship Winners, Victors Leadership Tip Featured in Smart Business Chicago, Victor Ciardelli Named CEO of the Year at 2014 ITA CityLights Awards. 5000 list of fastest growing privately-held companies in the U.S. We started 19 years ago with the concept of being completely transparent to the consumer on rate and fee, and having a model where were willing to take lower margins with the intent that its goodwill. Building a Culture - Victor Ciardelli - CEO & Founder of Guaranteed Multiple people who know Ciardelli said the scrutiny that comes from analysts, stockholders and compliance would be a challenge for him should the private equity investors drive the company toward an IPO. Yes, I did. Despite the name of the company, there is no guarantee attached to its rates. Did I think he was going to do something fairly exceptional? Guaranteed Rate CEO Victor Ciardelli Buys Miami Beach Home Among them was Sean Conlon, who at the time was a top producer for Koenig & Strey. The reason why is it's run by bankers who are bean counters.". "He does an unbelievable job of providing a fun, high-performance environment," said Chris Krause, founder of the National Collegiate Scouting Association, who has known Ciardelli for 25 years and has somewhat modeled his own company after Guaranteed Rate. Riffs on the company name: A 47-foot boat named Guaranteed Fun, and a rum-based drink, the Guarantini, which is trademarked. We were going into battle," Conlon said. The combined sale of 7709 Atlantic Way, and the vacant lot next door creates the only double lot in the exclusive gated community. Downtime: Spending time with his four children, ages 9 to 17; attending professional sports events. Guaranteed Rate - Wikipedia In Miami Beach, two adjacent propertiesa highly customized modern home designed with a "slow" staircase and an empty lot next doorhave sold for a combined $37.5 million. Required fields are marked *. Scott: What are some things you care about and how do you get to serve them now? The company he so passionately leads continues to receive accolades as well. All rights reserved 2023 The Real Deal is a registered Trademark of Korangy Publishing Inc. Miami luxury real estate agent pleads guilty in PPP fraud case, Real estate lender dodges bullet after Signatures collapse, Johnson elevates transfer tax hike with appointments. In the latest sale, the waterfront house sold for the asking price, which is becoming increasingly common in Miami Beach luxury real estate. [55] Founded in 1985 by Melissa L. Cohn, the company employed more than 100 home loan professionals and originated loans in New York, Vermont, Massachusetts, Connecticut, Florida and New Jersey. [36] In October, Guaranteed Rate is one of the seven-largest retail mortgage provider in the US. Guaranteed Rate CEO Victor Ciardelli spends record $37.5M on Miami Beach home by Timothy Inklebarger May 21, 2021 Miami Beach's exclusive Altos Del Mar neighborhood just got a new resident, Guaranteed Rate CEO Victor Ciardelli, who spent a record $37.5 million on the home and adjacent lot. "They did not like me at all. [3] As of 2021, the company has more than 10,000 employees and more than 850 offices nationwide and is located in 50 states. He's a passionate father of four, a great friend to people from all walks of life, and a believer in the law of attraction, positivity and . Scene of much of the city's history, it was from the balconies of the Casa Rosada that Juan and "Evita" Pern addressed the masses during the late 1940s and early 1950s. Villa Martelli - Wikipedia Scott: I find this common thread with a lot of the successful founders is theyre scrappy. A Miami Beach Modernand the Lot Next DoorSell for $37.5 Million Score cards have been developed for almost all positions within the company; employees can go on the company intranet at any time to see how their performances compare with those of their peers.
