Rate Leads Scotsman Guide’s 2020 Top Originators Rankings
April 5, 2021 (CHICAGO) – Rate Companies had 544 of its loan officers named to the Scotsman Guide annual list of “Top Originators,” including 3 in the top 10 and 13 in the top 100.
For the ninth consecutive year, Rate Companies, which includes Rate, Inc., Guaranteed Rate Affinity, LLC, Proper Rate, LLC, and the recently acquired Stearns Holdings, LLC, has more top originators than any other company. That group includes the number one originator for total purchase volume, Shant Banosian of Boston, who funded more than $1.7 billion in total loan volume and closed over 3,500 loans in 2020.
“Amidst the unprecedented circumstances they faced in 2020, our loan officers stepped up and drove the company forward,” said Rate President and Chief Executive Officer Victor Ciardelli. “Having the most loan officers on this list for nine years in a row says a lot about our powerful platform, and our culture of winning.”
The Scotsman Guide rankings celebrate loan originators who excel in customer service and professional expertise to grow their businesses. Leading these rankings is a reflection of Rate Companies’ record-breaking year, in which two of its loan officers, Banosian and Chicago-based Ben Cohen, funded more than $1 billion in loan volume, and the Companies funded more than $73 billion. Rate also significantly expanded its workforce in 2020 and continues its market growth through acquisitions and new national brand marketing initiatives.
Rate Companies, an Equal Opportunity Employer, continues to hire across the U.S., with more than 600 open positions. To learn more, please visit rate.com/careers.
About Rate Companies
The Rate Companies, which includes Rate, Inc., Guaranteed Rate Affinity, LLC, and Proper Rate, LLC, has more than 10,000 employees in over 850 offices across the United States. Headquartered in Chicago, Rate Companies is one of the largest retail mortgage lenders in the United States, funding over $73 billion in 2020. Founded in 2000 and licensed in all 50 states and Washington, D.C., Rate, Inc. has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. In 2020, the company launched Proper Rate, LLC, a mortgage origination joint venture between Rate, Inc. and @properties, one of the nation's largest residential brokerage firms. Collectively, the Rate Companies have earned honors and awards including: Top Lender for Online Service for 2018 by U.S. News & World Report; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashClose SM technology; No. 3 ranking in Scotsman Guide's Top Retail Mortgage Lenders 2019; Chicago Agent Magazine’s Lender of the Year for five consecutive years; Chicago Tribune's Top Workplaces list for seven consecutive years. Visit rate.com for more information.