Guaranteed Rate buys out Premia Relocation Mortgage

Ownership change allows JV to expand specialized product offerings

Guaranteed Rate buys out Premia Relocation Mortgage

Guaranteed Rate has inked a deal to take full control of its joint venture with moving services provider Sirva.

The mortgage company has entered a definitive agreement to acquire full ownership of the joint venture, Premia Relocation Mortgage. The Michigan-based company offers purchase loans and refinancing services for employees moving across the country, or from other countries.

Premia president Nina Arnaiz said the move will enable Premia to deliver a wider range of products and specialized services.

“This acquisition begins an exciting new chapter in our story,” Arnaiz said in the company’s press release. “We look forward to bringing additional value to our existing partners and continuing to introduce our exceptional service delivery model to new opportunities. The increased investment in technology and additional resources GRI brings will enhance and strengthen an already established foundation.”

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“Welcoming Premia fully into our family turbo charges the abilities of both companies to deliver world-class services to help our customers access groundbreaking technology, streamlined service, and an overall best-in-class experience, whatever their needs may be,” said Victor Ciardelli, CEO of Guaranteed Rate.

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