Chicago-headquartered Rate Companies has named Shant Banosian as president of Rate Mortgage.
Banosian joined the company (formerly Guaranteed Rate) in 2007 and was most recently executive vice president for sales. According to the company, Banosian has funded over $10 billion in total loan volume and secured his place as the nation’s top loan officer for the past six consecutive years.
“There is not a better loan professional on the planet to lead Rate Mortgage to its next level of dominance,” said Victor Ciardelli, president and CEO of Rate Companies. “He is a leader and a teacher all in one and will build the best team of Loan Officers in the industry. Elevating Shant Banosian as president of Rate Mortgage is a natural progression of our shared ambition and complementary strengths, positioning Rate for accelerated growth and reinforcing its industry leadership.”
