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New York

Chicago firm snaps up Manhattan Mortgage

Manhattan Mortgage founder Melissa Cohn (left) and Guaranteed Rate CEO Victor Ciardelli
Manhattan Mortgage founder Melissa Cohn (left) and Guaranteed Rate CEO Victor Ciardelli

From the November issue: In the wake of the fallout from the financial crisis, Manhattan’s largest independent mortgage broker — 27-year-old Manhattan Mortgage — has been acquired by the Chicago-based mortgage lender Guaranteed Rate.

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“It was time to be part of a bigger bank,” said Manhattan Mortgage founder Melissa Cohn, who is now an executive vice president at Guaranteed Rate. [more]

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