“Suk is a great employer for guaranteed prices and fits in perfectly with the culture,” said founder and CEO Victor Ciardelli. “With his extensive background as a FinTech CFO, he brings a lot of experience to the company, including in areas such as mergers and acquisitions.”
As CFO, Shah will lead and oversee Guaranteed Rate’s focus on profitability and efficiency while supporting various growth strategies and initiatives. Shah’s presence will allow Guaranteed Rate to expand the company’s product, technology and service solutions that will enable the company to drive revenue growth and margin growth across the company.
“Guaranteed Rate is a pioneer in the digital mortgage industry and uniquely positioned as an industry leader to grow mortgage volume and revenue through its innovative products and services,” said Shah. “I look forward to joining this highly motivated and passionate leadership team to create a transformative impact for the company.”
Shah joins the Guaranteed Rate team from his previous nearly five-year position at a high-growth financial technology company where he helped sourcing over $ 600 million in equity and $ 4 billion in debt. Suk was previously CFO of the US and Canadian divisions of a global commercial bank, where he a $ 40 billion Loan and deposit. Shah began his career at General Electric and spent over eight years with the company in a variety of finance and operational roles helping to implement business priorities and meet financial commitments.
Shah holds a bachelor’s degree in Finance and Information Systems University of Illinois and an Executive MBA from Northwestern University. He lives in Hinsdale, Ill., with his wife and two children.
Guaranteed Rate has delivered competitive rates, mortgage products, and unmatched expertise from its leading loan officers, helping thousands of clients move into their dream home. The company launched the first digital mortgage in the market and created an easy-to-understand, transparent credit process that has resulted in an industry-leading customer satisfaction rating and exponential growth.
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Guaranteed Rate is one of the largest retail mortgage lenders in The United States. Headquarters in Chicago, the company employs more than 4,000 people in nearly 330 offices across the US and is licensed in all 50 states and Washington, DC Since its inception in 2000, Guaranteed Rate has helped and nearly funded hundreds of thousands of homeowners with home loans and refinances $ 24 billion in 2018. The company has cemented itself as Home Purchase Experts® by adopting innovative technologies such as the world’s first digital mortgage, offering low rates and providing unparalleled customer service. In 2017 Guaranteed Rate Affinity, LLC, a joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a leading global residential real estate franchise and brokerage company. Honors and awards include: “Top Lender for Online Service” for 2018 from US News & World Report; 3rd place in the Scotsman Guide’s Top Retail Mortgage Lenders 2018; Top Lenders 2016, 2017, and 2018 by Chicago Agent Magazine; On the Chicago Tribune’s Top Jobs List for seven years in a row; and Best Overall Online Lender and Best Lender for FHA Refinance from NerdWallet in 2018. Visit rate.com for more information.
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