Marcus by Goldman Sachs to Provide Financing Option to Guaranteed Rate Customers

Marcus by Goldman Sachs to Provide Financing Option to Guaranteed Rate Customers

Consumer Finance Disruptor and Fast-Growing Mortgage Lender Join Forces to Offer a Superior Experience & Promote Marcus Financing Option to Homeowners and Real Estate Agents

Marcus by Goldman Sachs, which offers products and tools designed to help people achieve financial well-being, including no-fee, fixed-rate personal loan options and a high-yield Online Savings Account, announces a new collaboration with Guaranteed Rate, one of the largest and most innovative retail mortgage lenders in the country. This latest strategic partnership for Marcus brings two brands focused on excellent customer service together and allows Marcus to provide an unsecured personal loan for Guaranteed Rate customers looking to finance their home improvement projects or consolidate their debt.

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Now, in as little as five minutes, Guaranteed Rate customers can go online to check their eligibility for a Marcus personal loan, which can be used for debt consolidation or to fund projects such as updating bathrooms or kitchens, replacing windows and doors or making other home improvements and repairs.

“This partnership is a huge value-add for customers and real estate agents,” said Guaranteed Rate Founder and CEO Victor Ciardelli. “Partnering with the Marcus personal loan platform helps customers consolidate debt and enables agents to help their sellers address much-needed repairs or upgrades that could help increase the value of their homes.”

Marcus is a startup backed by Goldman Sachs’ 150 years of financial expertise and a vision to build an integrated digital storefront to help customers take control of their financial lives. The partnership with Guaranteed Rate is the latest in a series of initiatives by Marcus to work with dynamic companies whose differentiated products and services lead with a customer-centric approach, helping customers to make smarter financial decisions.

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“We at Marcus seek out like-minded partners who share our passion for developing transparent financial solutions that are on the side of the customer,” said Abhinav Anand, head of consumer loans for Marcus by Goldman Sachs. “With all of our products, we are open to partnerships that provide value to consumers, and customers are consistently giving Guaranteed Rate high marks for the value they provide.”

Guaranteed Rate has achieved rapid growth, tripling its total loan origination volume over the past five years. Guaranteed Rate had a 96% Customer Satisfaction rating among clients surveyed in 2019. The award-winning fintech retail mortgage lender has built strong relationships with agents nationwide, including a joint venture with Realogy Holdings Corp., the largest provider of residential real estate services in the US.

Personal loans from Marcus have no fees and offer fixed rates with loan amounts ranging from $3,500 to $40,000. Marcus was recently ranked #1 in Customer Satisfaction with Personal Loans in J.D. Power’s 2019 study* Marcus also offers a high-yield Online Savings Account and certificates of deposit, including a No-Penalty CD.

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