Guaranteed Rate Acquires Attorneys' Title Guaranty Fund
April 5, 2022
Guaranteed Rate Companies completed its acquisition of Chicago-based underwriter Attorneys' Title Guaranty Fund Inc. (ATG).
"Adding ATG's team to the Guaranteed Rate team is a total win-win situation, allowing us to further serve consumers in real estate sales and the purchase process," said Victor Ciardelli, president and CEO of Guaranteed Rate. "I have always appreciated and valued the importance of the lawyer's role in real estate transactions. That is why Guaranteed Rate is committed to the lawyer-agent business model created by ATG. We look forward to building on ATG's success by giving lawyers and consumers the technology, tools and additional support that will enable ATG to flourish in the years to come."
Guaranteed Rate has more than 10,000 employees in over 850 branches across the U.S., serving all 50 states and Washington, D.C. The mortgage lender reported $116 billion in total loan volume in 2021.
ATG President and CEO Peter Birnbaum said the acquisition provides a great opportunity for the underwriter’s law firms, team members and customers. ATG generated $65.3 million in premiums in 2021.
“With the support of Guaranteed Rate, ATG will continue to be the single most ardent and effective advocate for lawyers in the conveyancing process,” Birnbaum said. “We are excited to be part of such an innovative, tech-forward company that is dedicated to preserving the lawyer-centric service model that has defined ATG's success over the years."
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