Rate brings on Arizona-based LO Kelsey Marquardt

Rate has added Scottsdale, Arizona-based loan originator Kelsey Marquardt to the company, the Chicago-based national mortgage lender announced Friday, as competition for high-producing loan officers continues across the mortgage industry.

Marquardt, who has generated more than $85 million in loan production, joins Rate after a three-month stint at Universal Lending Corp. She previously built her production business at NFM Lending, according to Rate’s release.

Per Modex data, Marquardt’s 2025 production was $86.97 million.

Licensed in Arizona, California, Colorado, Florida, Oregon, Texas and Washington, Marquardt began her career as a real estate agent before transitioning into mortgage lending. Rate said that background gives her experience across both the homebuying and financing sides of the transaction.

“We’re very pleased to welcome Kelsey to Rate. She has built a strong reputation in Scottsdale through her consistent commitment to clients and partners,” Todd Heaton, divisional manager at Rate, said in a statement. “Combined with Rate’s depth of products and a process designed to create a smoother experience, this is a strong fit for everyone involved.”

Rate said Marquardt’s hiring reflects the company’s continued investment in technology, pricing and operational infrastructure aimed at helping loan officers grow their businesses.

“I’m proud to join Rate. The combination of loan programs, competitive pricing, and tools that simplify the process for clients and partners truly sets the company apart,” said Marquardt. “I’m looking forward to building on the momentum I’ve created and continuing to grow my business with the support and platform Rate provides.”

Marquardt will continue serving borrowers and real estate partners in Scottsdale and across her multistate lending footprint, the company said.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication. The system helps convert company announcements and industry data into HousingWire-style news coverage.