Banosian becomes first Guaranteed Rate LO to originate $1bn in a single year

Already the nation's top originator, Shant Banosian has just hit a huge milestone

Banosian becomes first Guaranteed Rate LO to originate $1bn in a single year

Guaranteed Rate’s Shant Banosian, already the nation’s number-one mortgage originator, has become the company’s first loan officer to fund $1 billion in loan volume in a single year.

Banosian, who is based in Boston, has more than a decade of experience in the mortgage industry, and has racked up a career volume of more than $4 billion in funded loans. For five consecutive years, he has been Guaranteed Rate’s number-one loan officer nationwide, and has been the top producer in Massachusetts consistently since 2013, according to Banker and Tradesman. He holds a 95% client satisfaction rate, according to Guaranteed Rate.

“What Shant’s done is completely amazing,” said Victor Ciardelli, president and CEO of Guaranteed Rate. “He’s determined, gritty, and relentlessly positive. But he’s also a great dad, husband and community leader. He hasn’t sacrificed one thing for another. He’s always had big dreams and belief he could accomplish every single one.”

“Reaching this incredible milestone is a reflection of all the hard work and dedication my team and our partners have poured into serving our clients over the past decade,” Banosian said. “We pride ourselves on not only being the best in the business, but also providing the best possible service to our wide range of clients throughout the country. I look forward to continuing to reach new milestones as we help clients achieve their American Dream of homeownership.”

Banosian was named Originator of the Year at MPA’s 2019 Power Originator Summit Awards.