Builders Choose Guaranteed Rate September 2023
Why
Page 2 | Return to Table of Contents Our Premier Builder Value Proposition Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. BUILDER & NEW CONSTRUCTION *Guaranteed Rate, Inc. cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe. All dates are estimates and will vary based on all involved parties level of participation at any stage of the loan process. Contact Guaranteed Rate, Inc. for more information. Co-branded marketing and events to help promote and drive traffic to sales centers and model homes 2 Real-time updates on customer loan status and details National builder team with local support staff 1 Escrow holdback waivers for external repair assurance 5 Custom, creative builder products provide more flexibility 3 Fast approvals provide confidence at time of contract* 6 7 Dedicated appraisal panels for a more consistent experience 4
Page 3 | Return to Table of Contents Guaranteed Rate is a strong national brand with great momentum. • 6,000+ employees nationwide • 2nd largest retail mortgage lender in the country 1 • Over 890 branches across the country and licensed in all 50 states • We have a title company, Advocus Title2 • We have an insurance company, Guaranteed Rate Insurance3 • Major sports sponsorships across the nation and official naming rights to Chicago White Sox stadium 3-Guaranteed Rate, Inc. may choose to recommend Guaranteed Rate Insurance, LLC insurance. Guaranteed Rate, Inc. has 100% ownership and a direct or indirect financial interest in Guaranteed Rate Insurance, LLC (d/b/a Guaranteed Rate Insurance Agency, LLC in California (License 0K09890), New Hampshire (License 2065537), and Texas (License 2557056). You are not required to use Guaranteed Rate Insurance, LLC as a condition for, settlement of your loan on, or purchase, sale, or refinance of, the subject property. There are frequently other settlement service providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services. Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION 1-Inside Mortgage Finance 2023 2-Guaranteed Rate, Inc. may choose to recommend Advocus Title Agency, LLC to provide insurance and/or title/escrow services. Guaranteed Rate, Inc. has 100% ownership and a direct or indirect financial interest in Advocus Title Agency, LLC. You are not required to use Advocus Title Agency, LLC as a condition for, settlement of your loan on, or purchase, sale, or refinance of, the subject property. There are frequently other settlement service providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services.
History and Experienced LOs
Danielle Young
NMLS # 265241
Making the mortgage process as simple as possible is what I do. Your loan experience should be easy and you should know everything that is going on at every step. I take pride in letting you know what is happening during the mortgage transaction so you know all your options and, most importantly, feel comfortable with the loan you’re choosing. Whether you’re a first-time buyer or a seasoned veteran, you can trust me and my team with all of your home financing needs.
Mike Sanchez
NMLS # 860048
I started in the mortgage industry in 2001 and over the years have utilized my experience and program knowledge to find the very best loan options for every client. While I’m proficient in all lending programs, I have a special place in my heart on VA loans. I was named the #1 VA loan originator in Virginia for three straight years (2013-15) by the Scotsman Guide and one of the top 25 VA originators in the country by Mortgage Executive Magazine. However, none of this would be possible without the support of my family and the relationships I’ve built throughout the years. My business philosophy is simple: always do the right thing and provide exceptional service. My goal is to make your homebuying experience memorable, keeping you informed every step of the way. My team and I look forward to working with you!
Adam Slack
NMLS # 203603
I’ve been a licensed loan officer since 2008 and with Guaranteed Rate since 2011. My exceptional team of mortgage professionals and I work to make sure that every client receives the quality and attention that you would expect. I have been ranked the #1 Guaranteed Rate loan officer in North Carolina since 2016*, and my business model is centered around the client. Speed, communication and customer service are the priorities, and I’m proud to say that our level of honesty, integrity and customer service is known throughout the local real estate community.
*Guaranteed Rate Internal Production Reports
Allyson Kreycik
NMLS # 484108
A 20-year veteran of the mortgage industry, I’ve always felt a need to help people. Mortgages are not something that most people are educated on, and I feel that it’s my job to help them understand everything at every step and navigate the entire process.
I really care about clients. At this point in my career, it’s more important for me to do the right thing than just make a commission. I’m thrilled that my team feels the same way, and I know that we can help any client get the mortgage that is best for them.
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Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION
Red Arrow Connect Product Matrix Advantageous loan pricing keeps everyone happy (your clients’ happiness means a lot to us) Competitive loan pricing puts customers first by keeping rates low. Shows your customer that you have a recommended lender that has their best interest at heart. Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION Page 5 | Return to Table of Contents
Lock ʻnʼ BuildExtended Rate Lock Program
Protect buyers from rising rates while their home is under construction with our Lock ‘n’ Build Extended Rate Lock program
Lock ‘n’ Build Program1
• 4-, 5-, 6-, 9- and 12-month locks available2
• 30-year fixed products
• Conventional, FHA and VA products
• High-balance and super conforming 30-year fixed-rate loans
• Non-refundable and refundable upfront fee options
• Jumbo & Non-conforming loan amount options available up to 365 days
• Float down option available prior to closing if rates improve3
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Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. Guaranteed Rate has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency. 2-Additional fees may apply. 1-Eligible for new construction properties. Borrower must pay the Extended Rate Lock Fee up front within 72 hours and sign an Extended Lock Authorization Form within 24 hours of locking the rate. The Extended Rate Lock Fee is refundable to the borrower at closing; however, the fee will not be refunded if the borrower cancels, the loan is relocked, or if the loan is denied. Borrower's rate may be locked up to 365 days and will be eligible for one renegotiation which will incur a renegotiation fee. The new rate will expire either on the current rate expiration date or 45 days from the renegotiation date, whichever comes first. Applicants are subject to credit and underwriting approval. Not all applicants will be approved. Additional restrictions apply. Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION 3-Only one rate renegotiation per file is permitted. Case-by- case basis if the rate is 0.25% better. Renegotiation fee: -0.375%.
Focus on quick-delivery homes with our Rate Reduce Program
Drive more traffic to quick-delivery homes by temporarily lowering your buyer′s interest rate. Our menu of Temporary Rate Buydown options lower monthly mortgage payment via a seller concession for the first one, two or three years, depending on option chosen.
• Allows your customer to ease into their new mortgage payment
• Reduces initial payments, freeing up funds to help with those little things that make a house a home
• Five options: 3-2-1,
provides flexibility in both price and marketing
or
Page 7 | Return to Table of Contents Guaranteed Rate is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture, or any other government agency. No compensation can be received for advising or assisting another person with a matter relating to veterans’ benefits except as authorized under Title 38 of the United States Code.
1-1-1, 2-1, 1-0,
1.5-.05
2-1 Sample Scenario Year Rate* 1 4.99% 2 5.99% 3 - 30 6.99% (back to original rate) Qualifications
15- & 30-Year Fixed rate
Conventional Conforming
High-balance FHA/VA Conforming Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Guaranteed Rate cannot predict where rates will be in the future *Rate Reduce option available from participating builders and sellers on select properties. Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION Rate Reduce Program*
•
products available •
and
Quick Delivery Home Solutions
Forward Commitments
• Help builders sell quick-delivery & completed inventory homes by locking in a block of funds at or below market rates without counting against Interested Party Contributions through a permanent rate buy down.
• 3M-20M blocks available
• Conventional, FHA & VA 30 Year Fixed (high-balance not avail.)
• Lock periods can be between 60 and 120 days* (must be decided upfront)
• May be combined with Rate Reduce (Temporary buydowns)
‘n’ Sell**
• *The Lock ‘n’ Sell builder paid price adjustment varies by lock period, up to 120 days, with a minimum cost of .25% and a maximum cost of .50%. Eligible for 30 year, fixed rate loan options
Lock BUILDER & NEW CONSTRUCTION FOR BUILDER USE ONLY — Not for public dissemination. May not be distributed, reprinted or shown to the public in oral, written or electronic form as sales material.Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information. Guaranteed Rate, Inc is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture, or any other government agency. No compensation can be received for advising or assisting another person with a matter relating to veterans’ benefits except as authorized under Title 38 of the United States Code.*Rate Reduce available from participating builders and sellers on select properties.
whichever
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**Eligible borrowers must be under contract and have submitted their application to Guaranteed Rate no later than 15 days prior to lock expiration date in order to maintain eligibility for the advertised rate. Available for 30 year, fixed rate loans. If the loan does not close during the initial lock period or if the initial lock period expires the borrower may incur additional fees. The initial lock period will be either 90 or 120 days. Borrower's rate and APR may be higher based upon borrower's credit profile and other criteria. Not all applicants will be approved. Restrictions apply. *Eligible for new construction properties. Borrower must pay the Extended Rate Lock Fee up front within 72 hours and sign an Extended Lock Authorization Form within 24 hours of locking the rate. The Extended Rate Lock Fee is refundable to the borrower at closing;
the fee will
be refunded if the borrower cancels, the loan is relocked, or
the loan is denied. Borrower's rate may be locked up to 365 days and will be eligible for one renegotiation which will incur a renegotiation fee. The new rate will expire
on the current rate
date or 45
date,
comes first. Applicants are subject to credit and underwriting approval. Not all applicants will be approved. Additional restrictions apply.
however,
not
if
either
expiration
days from the renegotiation
• May be combined with Rate Reduce (Temporary buydowns) Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org.
BUILDER & NEW CONSTRUCTION
Give your clients the option to upgrade their home before they move in.
Guaranteed
Dream
• Satisfy more clients and close more deals on time.
Qualifications
• Fannie Mae–conventional, fixed and ARM products only
• New build/new construction only
• Cost to complete improvements can′t exceed 15% of new appraisal value
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Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org.
Dream Bigger
Rate’s
Bigger program can help you close more deals. This program enables your clients to
a
and
• Must have guaranteed contract from third-party contractor Third-party contractor is paid 25% of material costs at close and three disbursements after closing. Everything held in escrow for third-party contractor. Project must be completed within 90 days of close, subject to exception depending on scope of project. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.
hire
third-party contractor
include the cost of the project in their mortgage.
• Give your clients a great alternative if the project is outside your scope of work.
• Focus on building the home while they install a custom project–perfect for pools, landscaping, fences and more.
Page 10 | Return to Table of Contents Custom Marketing and Events *Events Team Assistance only available to builders partnered with President’s Club and Chairman’s Circle Loan Officers. We also support all LOs that funded $5M + in 2022 along with new hires who come on with that loan volume. Builders and agents are financially responsible for their pro rata share of marketing costs. When you partner with a qualifying Loan Officer,* you’ll have access to our in-house Events Team that will help you plan the best festivities—ensuring no detail is left undone. From food trucks to virtual golf, our exciting and effective events can help generate new traffic to your community, sales center or future development. Kick your event game up a notch Our Events Team will help: Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. • Fun & engaging events designed to drive additional traffic to sales centers and model homes • Fresh marketing materials and signage, with the opportunity for co-branding • Source vendors • Negotiate pricing • Personalize invites • Assist with order promotional items • Set-up event registration BUILDER & NEW CONSTRUCTION
Appraisals and Escrow Holdbacks
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Appraisal panels can help avoid bumps in the road A team of construction-certified appraisers, who understand the nuances and challenges of homebuilding, is assigned. Appraisal Panels help provide a level of consistency to help reduce surprises and mistakes Escrow Holdback Waivers for common non-health & safey related items Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION
We invented the world’s first digital mortgage years ago to make it easier for the customer to get the loan process going. Years later, it’s still the industry standard, getting people applied in as little as 10 minutes*.
• Generates recommended loan options with real-time rates
• Advanced Asset Verification: hassle-free automated bank statement gathering
•
•
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Technology
income
LoanBeam technology simplifies tax return income for faster and more accurate
analysis
Personalized
through
Convert traffic and close deals faster with a DIGITAL KIOSK (your clients can be pre-approved in minutes) On-sight financing tool for your sales team Maintain momentum during the sales process Wrap up purchase agreements in minutes 1 2 3 Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. If California regulator updates to require licensing, the kiosk would be removed from the builder’s space. Not all states are approved for kiosks. *Guaranteed Rate cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe. All dates are estimates and will vary based on all involved parties level of participation at any stage of the loan process. Contact Guaranteed Rate for more information. Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION
document to-do list guides users
the process
Loan Status Monitor
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Consistent regular pipeline/ backlog reporting Get 24/7 real-time access to loan status You′ll never have to wonder where a file is 1 2 3 LOAN STATUS UPDATES Our feelings won’t be hurt (much) if you don’t call us Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION
Page 14 | Return to Table of Contents Contact your Guaranteed Rate Builder Expert today! (20230912-2139456) Guaranteed Rate, Inc.; NMLS #2611; 3940 N Ravenswood, Chicago, IL 60613; 866-934-7283. For licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. Conditions may apply. • AZ: 14811 N. Kierland Blvd., Ste. 100, Scottsdale, AZ, 85254, Mortgage Banker License #0907078 • CA: Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act • CO: Regulated by the Division of Real Estate • GA: Residential Mortgage Licensee #20973 • MA: Mortgage Lender & Mortgage Broker License #MC2611 • ME: Supervised Lender License #SLM11302 • NH: Licensed by the New Hampshire Banking Department, Lic #13931-MB • NJ: Licensed by the N.J. Department of Banking and Insurance • NY: Licensed Mortgage Banker - NYS Department of Financial Services • OH: MB 804160 • OR: Licensed and Regulated by the Department of Consumer and Business Services • PA: Licensed by the Pennsylvania Department of Banking and Securities • RI: Rhode Island Licensed Lender • WA: Consumer Loan Company License CL-2611. Guaranteed Rate, LLC. NMLS #2611; For licensing information visit nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION
