With more than $800 million in closed transactions, Joel Michael Schaub is well respected and well known by real estate professionals in Chicago. His billboards, TV commercials and promotional events have made him a household name.
In 2005, Schaub became the youngest vice president in Guaranteed Rate’s history at age 23. Year after year, he ranks among the company’s top 1% of mortgage originators nationwide.
Growing up, Schaub always knew he wanted to work in real estate. “My aunt and uncle were successful real estate agents,” he recalls. “They taught me a lot about what good agents needed in order to be successful.”
A graduate of DePaul University, Schaub has a degree in finance and real estate. He has built a reputation for closing high-end, complex transactions in 10 days or less. “When agents see a preapproval from me, they know the buyers are going to close,” he declares. Lucky enough to work predominantly by referral, Schaub sees a typical month involving 50 or more closings, made possible with help from his knowledgeable team.
“What people want is a friend in business — a real person who has your back, takes your calls and goes to bat for you,” Schaub believes. “People choose me because they know I can get complex deals closed that others can’t.” His secret weapon is his wife, Christine, who plays an integral role in the business by producing all of Schaub’s events, attending closings and arranging client thank-you gifts from Tiffany’s.
Schaub serves as a local chapter president of Business Network International and was on the board of directors of the nonprofit Real Estate to the Rescue. Although a proven leader in Chicago real estate, he still feels like he learns something new every day. “I am building a brand and a legacy that I can pass down,” he says. “Mortgage lending is more than a job; it’s my passion. I am proud of what I have built and excited to keep my foot on the gas.”
Guaranteed Rate, Inc. is a private corporation organized under the laws of the state of Delaware. It has no affiliation with the U.S. Department of Housing and Urban Development, the U.S. Department of Veterans Affairs, the U.S. Department of Agriculture or any other government agency.