Guaranteed Rate Picks MortgageHub

To expand its wholesale lending initiative and help its originators price loans more efficiently, Chicago-based Guaranteed Rate has picked MortgageHub's LoanFactory decisioning, product, and pricing engine and Wholesale Internet Lending applications.Conshohocken, Pa.-based MortgageHub offers a Web services platform to deliver Internet-based systems for wholesale, retail, and servicing functions. Guaranteed Rate will use the wholesale system to start serving 100 brokers immediately, with the intention of expanding to 500 by year-end, the company said. The MortgageHub wholesale system offers to eliminate costly paper, fax and phone communications between wholesaler and broker. Guaranteed Rate can be found online at http://www.guaranteedrate.com.