When was Rate founded?

Rate was founded in 2000 and raised its 1st funding round 17 years after it was founded.

Where is Rate located?

Rate is headquartered in Chicago, United States. It is registered at Chicago, Illinois.

How many employees does Rate have?

As of Jun 30, 2026, the latest employee count at Rate is 5570.

Is Rate a funded company?

Rate is a funded company, having raised a total of $***** in its 1st and only funding round, a PE round on Dec 14, 2017.

When was the latest funding round of Rate?

Rate's latest funding was a $***** PE round on Dec 14, 2017, with participation from 1 investor.

Where does Rate rank among its competitors?

Rate ranks 3rd amongst 733 active competitors, of which 27 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was Freedom Mortgage, which secured $250M in Apr, 2019.

Who are the top competitors of Rate?

Rate's top competitors include loanDepot, Freedom Mortgage and Motilal Oswal Financial Services. Among them, Freedom Mortgage secured the most recent funding round in April, 2019.

Rate - 2026 Company Profile, Funding & Competitors

Rate is a late stage company based in Chicago (United States), founded in 2000. It operates as a Provider of mortgage loans. Rate has raised an undisclosed amount in funding. The company has 733 active competitors, including 27 funded and 75 that have exited. Its top competitors include companies like loanDepot, Freedom Mortgage and Motilal Oswal Financial Services.

Company Details

Provider of mortgage loans. It offers a a full suite of digital homeownership and financial services, including residential mortgage loans, refinancing, real estate search and property tools, personal financial wellness solutions, and an integrated insurance marketplace offering home, auto, life, and umbrella coverage.

Website: www.rate.com/
Social
Email ID: *****@rate.com
Phone Number: +1 **********
Registered Address: Chicago, Illinois

Key Metrics

Founded Year

2000

Location

Chicago, United States

Stage

Late Stage

Latest Funding Round

PE, Dec 14, 2017, $*****

Investors

Thomas H Lee Partners

Ranked

3^rd among 733 active competitors

Employee Count

5,570 as on Jun 30, 2026

Investment & Acquisitions

Premia Relocation Mortgage & 4 more

Similar Companies

India Shelter Finance Corporation & 1336 more

View Rate's full profile

Rate is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
GUARANTEED RATE, INC. CIN: 364327855 , United States, Active	Dec 26, 999	-	5492 (As on Dec 31, 2024)	-

Rate has raised funding over 1 round. Its latest funding round was a PE round on Dec 14, 2017 for $*****. 1 investor participated in its latest round. Rate has 1 institutional investor.

Here is the list of recent funding rounds of Rate:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Dec 14, 2017	5697611	PE	9238212	6912485	9468190	2775030

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Rate's employee count trend

Rate has 5,570 employees as of Jun 26. Here is Rate's employee count trend over the years:

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Top competitors of Rate include loanDepot, Freedom Mortgage and Motilal Oswal Financial Services. Here is the list of Top 10 competitors of Rate, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	loanDepot 2010, Lake Forest (United States), Public	Mortgage lender providing home loans, refinancing, and home equity solutions	$71.9M	Parthenon Capital	72/100
2nd	Freedom Mortgage 1990, Mount Laurel Township (United States), Funding Raised	Home loans provider	-	Tribune Publishing, J P Morgan Wealth Management ... & 1 others	67/100
3rd	Rate 2000, Chicago (United States), Late Stage	Provider of mortgage loans	-	Thomas H Lee Partners	61/100
4th	Motilal Oswal Financial Services 1987, Mumbai (India), Public	Diversified investment and advisory service provider	-	-	60/100
5th	Mr. Cooper Group 1994, Dallas (United States), Public	Provider of financial services	-	-	59/100
6th	CMG Financial 2011, San Ramon (United States), Acquired	Provider of residential mortgage loans	-	-	58/100
7th	Movement Mortgage 2008, Fort Mill (United States), Funding Raised	Online and mobile app based mortgage loans	-	-	57/100
8th	Summit Funding 1995, Sacramento (United States), Acquired	Provider of home loans	-	-	57/100
9th	Guild Mortgage 1960, San Diego (United States), Acquired	Provider of home loans	-	McCarthy Capital	56/100
10th	New American Funding 2003, Orange (United States), Unfunded	Home loans provider	-	-	53/100

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Rate has made 1 investments in companies including TurboAppeal. Rate has also acquired 4 companies including Premia Relocation Mortgage and Attorneys' Title Guaranty Fund.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 30, 2023	Acquisition	Premia Relocation Mortgage	1987	Troy (United States)
Apr 04, 2022	Acquisition	Attorneys' Title Guaranty Fund	1964	Gurnee (United States)
Feb 05, 2021	Acquisition	Owning	2018	Orange (United States)