Compass-Anywhere deal combines major mortgage joint ventures

"In 2017, Anywhere (formerly Realogy) and Rate launched Guaranteed Rate Affinity (GRA), replacing Anywhere's previous partnership with PHH Mortgage Corp. (now part of Onity Group). In 2021, Rate also partnered directly with Compass to create OriginPoint. And a year earlier, it launched Proper Rate with @properties, which later became part of Compass through its acquisition of Christie's International Real Estate. Rate typically holds a 50.1% majority stake in these ventures."

"By volume, GRA is the larger platform, originating $5.8 billion in the past 12 months, compared with $2.88 billion at OriginPoint and $340 million at Proper Rate (folded into Compass post-acquisition), according to Modex data. Sources told HousingWire there is a natural path to keep the GRA brand nationwide. GRA has 443 sponsored loan officers across 229 branches, while OriginPoint has 179 LOs in 29 branches, according to the Nationwide Multistate Licensing System."

Guaranteed Rate Affinity (GRA), OriginPoint and Proper Rate are mortgage joint ventures involving Rate and large brokerages, with Rate typically holding a 50.1% majority stake. GRA originated $5.8 billion over the past 12 months, OriginPoint $2.88 billion and Proper Rate $340 million. GRA operates 443 sponsored loan officers across 229 branches; OriginPoint has 179 LOs in 29 branches. The Compass and Anywhere merger enables consolidation of mortgage JVs under a single brand, offering a wider footprint of loan officers, higher attach rates, expense synergies, and complementary geographic coverage, particularly with strong California presence.

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