Guaranteed Rate Inc. will acquire Honolulu HomeLoans and Hawaii Lending Alliance, increasing its presence in the Hawaii market and adding an experienced team of mortgage professionals.

Also, Guaranteed Rate will license new branch locations in downtown Honolulu and in other locations as well as maintain its existing branch locations in Honolulu and Aiea.

“Hawaii is a growing market where we’ve already built a great team. Adding this opportunity will accelerate our market share dramatically,” said Victor Ciardelli, executive officer and founder at Guaranteed Rate, an independent mortgage company.

“What enables Guaranteed Rate to be a top-retail lender in the country will certainly benefit our loan officers, realtor partners and customers,” said Anders Hostelley, former president and CEO of HHL. “Guaranteed Rate has cutting-edge technology coupled with excellent customer service and an outstanding base of products to offer our clients, which will enable us to excel as a mortgage lender in Hawaii.” After the acquisition, Hostelley will continue to lead that business unit as a regional manager.

As a result of this acquisition, the Company will expand its presence with the goal of reaching an even broader audience on the Hawaiian Islands. Many of the former Honolulu HomeLoans and Hawaii Lending Alliance loan officers that are joining Guaranteed Rate are fluent in Vietnamese, Ilocano and Tagalog.