In March 2021, Guaranteed Rate launched Gateless: a new mortgage technology company which utilizes artificial intelligence. And now, Rick Lang has been named as the first chief operating officer.

As COO, Lang will drive its integration and development. “Gateless is focused on using AI technology to automate the underwriting of a loan to create a seamless, intuitive, real-time experience for the customer,” explained Guaranteed Rate Chairman Victor Ciardelli. “Adding Rick to the executive team does exactly that. His considerable leadership skills and technical expertise will ensure that we achieve our goal.”

Lang is also excited about the prospects. “I’m thrilled to join Gateless as we redefine how AI Mortgage is delivered,” he said, “Our scale, scope and combined experience allow us to solve problems others can’t.” Having worked previously at Freddie Mac, AEGON, Prudential, JPMorgan Chase and Bank of America, Lang joins the team with 25 years of experience in various profitable business transformations.

Considering the innovative reputation of Gateless, Lang’s leadership skills will be put to good use. Currently, the Gateless AI technology further automates the mortgage process and includes AI Underwriter™ which can accelerate the finalization of a loan by up to 10 days.