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Guaranteed Rate’s Shant Banosian hits $1 billion milestone

by Liz Hughes

Guaranteed Rate’s Shant Banosian has funded $1 billion in loan volume at record speed for the second consecutive year, the company announced today. Banosian has been Guaranteed Rate’s top loan officer and top producer in Massachusetts consistently since 2013.

“What Shant’s doing is incredible. Funding this much volume in less than six months shows his amazing dedication and true commitment to everyone around him,” Guaranteed Rate’s President and Chief Executive Officer Victor Ciardelli said in a press release. “Given how big he dreams and how well he and his team leverage our innovative system, it’s not surprising he crossed the billion-dollar mark three months faster than he did last year.”

In 2020, Banosian funded $1.7 billion in loan volume, ending 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 loans in total, according to a company release. 

Banosian has more than a decade of mortgage industry experience and has earned a total career volume of more than $5 billion in funded loans. For six years running, he’s ranked in the top five loan originators in the United States by Scotsman Guide. He ranked No. 1 in two of those years. 

“My team and our partners are on track to serve more borrowers this year than ever before,” said Banosian. “Reaching this goal yet again, and at record speed, would not have been possible without the hard work and dedication of my team. In this fast-paced market, Guaranteed Rate’s leadership and technology continuously sets us up for success.” 

A Massachusetts native, Banosian currently lives in Belmont with his wife Kara and three daughters. He credits his success to his amazing team, adding that, “Surrounding yourself with the right people and working together to accomplish big goals is a lot of fun.”

Active in local charities, Banosian is a regular donor to various causes in the Greater Boston area including the Greater Boston Food Bank and running one of the top five fundraising teams in the country for St. Jude Children’s Research Hospital. He’s also actively involved in the Guaranteed Rate Foundation, which has provided more than $5 million in grants to those in need.

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