Key facts
- Mortgage lender Rate has hired 14 loan officers from New American Funding.
- The group of loan officers brings "nine figures in production volume" to Rate.
- Chad Geyer and Kyle Travers are noted as top producers within the group.
- Several loan officers are returning to Rate after previously working for the company.
- Rate cited its platform, product breadth, technology, pricing, and culture as reasons for the hires.
Chicago-based mortgage lender Rate announced on Thursday that 14 loan officers have joined the company from New American Funding. These new hires collectively bring "nine figures in production volume" to Rate. The company highlighted its platform, product breadth, technology, pricing, and collaborative culture as key factors driving these decisions.
Among the new hires are Chad Geyer, who has a year-to-date volume of $12.21 million, and Kyle Travers, with a year-to-date volume of $9.426 million, according to Modex data. Rate noted that several of these loan officers are returning to the company after previous tenures elsewhere, indicating satisfaction with Rate's evolved offerings.
Shant Banosian, president of Rate, stated that top producers are making deliberate choices to join platforms that offer comprehensive support for business growth. He emphasized Rate's product depth, pricing, technology, execution, and culture as competitive advantages. Loan officers like Jay Kunkle and Chad Geyer cited Rate's industry-leading technology, broad product selection, and competitive pricing as significant factors in their decision to return and better serve clients and partners.