Guaranteed Rate Re-Enters Securitization Market with Prime Jumbo RMBS Deal


Guaranteed Rate is launching its first residential mortgage-backed securities (RMBS) deal of 2024, making it the first 100% retail non-bank lender to re-enter the securitization space with a prime jumbo deal since the pandemic.

The deal highlights a shift in strategy Guaranteed Rate has implemented to prove its commitment to offering robust financial solutions regardless of market conditions.

By providing a new outlet for liquidity, the company is doubling down on supporting the industry and its borrowers while banks are exiting the mortgage lending space due to new regulations.

Spearheaded by Allison Burkholder, senior vice president of non-agency trading, and Jennifer Shewski, senior vice president of transaction management, the RATE securitization shelf, created from the ground up in 2020, solidifies the company’s status as a programmatic seller for the future.

“We are playing offense in the market, offering this product to better serve our sales force and the consumer,” Burkholder says in a release.

“Our securitization program is the cornerstone of our ability to offer reliable jumbo financing to our customers and referral partners,“ adds Jeremy Collett, head of capital markets for Guaranteed Rate. “We have been the number one retail lender in the space for over a decade, and we are committed to regular, systematic issuance. With banks exiting the mortgage lending space due to new regulations, our securitization program should allow us to be the leading jumbo lender for a long time.”

Photo: Dollar Gill

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