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Guaranteed Rate’s Shant Banosian funds $2 billion in loan volume

by Liz Hughes

Guaranteed Rate’s Shant Banosian has funded $2 billion in total loan volume this year, becoming the company’s first loan originator to reach that milestone.

This isn’t the first time Banosian has made headlines for breaking records. In June, he funded $1 billion in loan volume at record speed for the second consecutive year, three months faster than in 2020.

In 2020, Banosian funded $1.7 billion in loan volume, and ended the year as the country’s No. 1 loan originator for purchase volume, according to Scotsman Guide, closing more than 1,400 purchase loans and 3,551 total loans.

“The big difference between this year and last year is our hyper-focus on closing fast by utilizing our technology platform to make the client experience even better,” Banosian said in a press release. “By putting our clients and real estate partners on the purchase side in a position to win, we are able to serve more homebuyers in this very competitive marketplace.”

Banosian is based in Massachusetts and is licensed in all 50 states. His total career volume is more than $7 billion. He’s a member of the 2021 Mortgage Global 100 and has been recognized as one of the top 5 loan originators in the U.S. by Scotsman Guide for six years. He took the number one spot two years in a row. Banosian has been Guaranteed Rate’s top loan officer and top producer in the Bay State since 2013. 

“Shant is a testament to the core values that his team lives by; always learning, doing whatever it takes, caring about people and winning as a team,” Guaranteed Rate president and CEO Victor Ciardelli said in the release.

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