PowerBid* mortgage pre-approval from Guaranteed Rate makes it easier than ever for prospective home buyers to get pre-approved and compete toe to toe with all-cash offers on desirable properties. Our team will quickly verify your credit report details as well as other financial information to create a well-rounded pre-approval letter that goes above and beyond the industry standard. When we stand behind your offer, sellers can take confidence that your mortgage is most likely to close on time, without delays.