Guaranteed Rate announced that Boston’s Shant Banosian has funded $1 billion in loan volume for the second consecutive year—at record speed.
“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,” said Guaranteed Rate’s president and CEO Victor Ciardelli. “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.”
Late last year, Banosian shared some of his secrets of what it takes to be a top loan originator, appearing on nmpTV's Mortgage Leadership Outlook. He was also featured on the cover of the November 2020 issue of National Mortgage Professional Magazine, where he was interviewed about hitting $1B in originations for the first time.
Banosian made headlines in 2020 when he funded a total of $1.7 billion, finishing the year as the nation’s #1 loan originator for purchase volume according to Scotsman Guide. He closed more than 1,400 purchase loans and 3,551 loans in total.
With more than a decade of mortgage industry experience, 40-year-old Banosian has earned an impressive total career volume of over $5 billion in funded loans. He has been Guaranteed Rate’s top loan officer and the top producer in Massachusetts consistently since 2013.
“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.”
Along with his family and team, Banosian actively participates in numerous charitable events throughout his community, consistently fundraising for the Greater Boston Food Bank and running one of the top 5 fundraising teams in the country for St. Jude Children’s Research Hospital. Banosian is also actively involved in the Guaranteed Rate Foundation, a 501(c) 3 organization that has granted more than $5 million directly to individuals and families in need.
