Rate Hires 14 Loan Officers From New American Funding

Chicago-based mortgage lender Rate announced on Thursday that it has hired 14 loan officers from New American Funding. These new hires collectively bring "nine figures in production volume" to Rate. The group of loan officers includes Lori Crabb, Maria Castorena, Cory Graciano, Donaciano Garcia Amaya, Jim Butz, Samuel Wagner, Kristi Hernandez, Andy Thom, Michael Giganti, Joe McCaslin, Kyle Travers, Peter Strahler, Jay Kunkle, and Chad Geyer.

According to Modex data, Chad Geyer has achieved a year-to-date volume of $12.21 million, making him the top producer among the new hires. Kyle Travers is also a significant contributor, with a year-to-date volume of $9.426 million. Rate indicated that several of these loan officers are returning to the company after previous tenures with other lenders, attributing their decision to Rate's platform, technology, and product offerings.

Shant Banosian, president of Rate, stated that top performers are making "intentional decisions" to join companies that offer a competitive edge. He highlighted Rate's product depth, pricing, technology, execution, and collaborative culture as key factors for business growth. Jay Kunkle, one of the returning loan officers, cited Rate's industry-leading technology, broad product offering, and competitive pricing as primary reasons for his return, emphasizing the platform's ability to enhance service for clients and partners.