Guaranteed Rate’s Shant Banosian breaks record, surpassing $ 1 billion in loans


How does it feel to fund $ 1 billion in loans in one year?

There is only one loan officer – Shant Banosian of Guaranteed Rate – who can answer this question.

Described by Guaranteed Rate CEO Victor Ciardelli as “determined, serious and relentlessly positive,” Banosian has financed more than $ 4 billion in loans during his career.

He was named the # 1 loan originator in the country by Scotsman Guide in 2018 and 2019, and he held his position as the senior manager of guaranteed rate loans for five consecutive years. Banosian has also been the company’s largest producer in Massachusetts since 2013, the company said in a press release.

“But he’s also a great father, husband and community leader. He didn’t sacrifice one thing for another. He has always had big dreams and believes he could accomplish each of them, ”Ciardelli said.

Banosian, who has a 95% customer satisfaction rating, said in the press release that this honor is “a reflection of all the hard work and dedication that my team and partners have put into serving our customers over the course of of the last decade “.

“We pride ourselves on not only being the best in the business, but also providing the best possible service to our wide range of customers across the country,” he said. “I look forward to continuing to take new steps as we help clients achieve their American dream of homeownership. “

Banosian, who lives in Belmont, is originally from Massachusetts and graduated from Bentley University. He is a regular donor to various causes in the Greater Boston area, such as the Greater Boston Food Bank and the St. Jude Children’s Research Hospital Walk / Run.

Banosian also contributes to the Guaranteed Rate Foundation, which has provided more than $ 4 million in grants to those in need.

The company noted that in addition to the success of the Banosian team, the company is having a record year, doubling the total lending volume of 2019, freezing a loan volume of $ 12 billion in August alone and beating its one-month volume record.

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