Guaranteed Rate Launches Document-Sharing Service

Retail mortgage lender Guaranteed Rate has launched an encrypted, cloud-based platform that borrowers can use to transmit documents to loan officers.

Transfersafe gives borrowers the ability to upload their income documentation with a smartphone or mobile device. It also includes a drag-and-drop feature for uploading files from a home computer.

"Transfersafe is the next major step in our evolution of the mortgage process," said Chief Executive Victor Ciardelli in a news release Tuesday, adding that the service is designed to make lending "quicker, easier and more transparent."

Guaranteed Rate has its headquarters in Chicago.

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