Utah Family Wins Three Months Paid Mortgage from Guaranteed Rate

CHICAGO and MIDVALE, Utah, Aug. 27, 2015 (GLOBE NEWSWIRE) -- Quinten Barney, of American Fork, Utah, has fewer financial concerns today after winning Guaranteed Rate's "Old Way, Blown Away Giveaway" via social media. Guaranteed Rate, the eighth largest retail mortgage lender in the nation and an industry technology leader, will pay the Barney family's mortgage for the next three months.



Barney's contest entry – a throwback photo of antique electric watt-hour readers – illustrates how far communication and technology have advanced over the years, and was the perfect fit for Guaranteed Rate's contest to raise awareness of the major advancements they have made in revolutionizing the mortgage industry with the launch of the world's first Digital Mortgage. And the timing of this win came at exactly the right time for the Barney family.

"We were blessed this year to welcome a new baby into our family, although he recently underwent heart surgery," said Barney. "We have a number of financial burdens right now and Guaranteed Rate has truly helped us during this trying time. We're so grateful."

Barney learned about Guaranteed Rate's "Old Way, Blown Away Giveaway" from Sean Knudsen, a vice president of mortgage lending for Guaranteed Rate in Midvale, Utah, who suggested the contest as a possible way to help the Barneys with their mortgage payments.

"We launched this contest as a fun and creative way to give homebuyers a chance to win free mortgage payments for three months while also generating more excitement around our Digital Mortgage," said Victor Ciardelli, president and CEO of Guaranteed Rate. "But it was a fortunate stroke of luck that such an incredibly deserving family ended up winning the award."

The Barney family's mortgage will be paid for three months starting in October. To learn more about the "Old Way, Blown Away Giveaway," please visit the website.

More About Guaranteed Rate

Guaranteed Rate is the eighth largest retail mortgage lender in the United States. The company has become The Home Purchase Experts® by offering industry-leading, self-service tools and low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Headquartered in Chicago with approximately 175 offices across the U.S. and licensed in all 50 states, Guaranteed Rate has helped hundreds of thousands of homeowners with more than $80 billion in home purchase loans and refinances since 2000 and nearly $10 billion in 2015 alone through June. Guaranteed Rate was ranked No. 1 in Scotsman Guide's "Top Retail Mortgage Lenders 2014" honors, and was recognized by Inc. magazine as the No. 4 private company job creator in the U.S. in 2013.

Guaranteed Rate has received numerous honors for its technology innovations: last year, Victor Ciardelli was named "CEO of the Year" at the 2014 Illinois Technology Association CityLights Awards and the company's online loan application was named the "Best Corporate Digital Innovation" at the 2013 Moxie Awards. The company now has more top loan originators in the annual national rankings from mortgage industry publications Mortgage Executive, Scotsman Guide and Origination News than any other bank or mortgage company.

A photo accompanying this release is available at:
http://www.globenewswire.com/newsroom/prs/?pkgid=35622

CONTACT: Molly Lynch Lynch Communications Group, LLC 773-505-9719 molly@lynchgrouponline.com

Source: Guaranteed Rate