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Rate Hires Chicago Mortgage Executives, Opens Elmhurst Branch

Created at 2 Sep · 5:40 PM1 source
IN SHORT

Rate has hired mortgage executives Vito Roppo and Nick Ferrante from Fairway Home Mortgage to lead a new branch in Elmhurst, Illinois. The pair brings $155 million in combined production as Rate expands its profit-and-loss branch platform.

Key Numbers

$155Mcombined production of new hires

Who's Involved

Vito Roppo
Producing partnership branch manager at Rate, formerly of Fairway Home Mortgage
Nick Ferrante
Producing partnership branch manager at Rate, formerly of Fairway Home Mortgage
Rate
Mortgage company expanding its branch platform
Fairway Home Mortgage
Previous employer of Roppo and Ferrante
Jim Eboli
Executive Vice President and Midwest Divisional Manager at Rate
Rate Hires Chicago Mortgage Executives, Opens Elmhurst Branch

↳ Why This Matters

The expansion signifies Rate's strategy to grow its market share by acquiring established mortgage professionals and leveraging their local expertise and production volume.

Key facts

  • Rate has hired Chicago-area mortgage executives Vito Roppo and Nick Ferrante.
  • Roppo and Ferrante join from Fairway Home Mortgage.
  • They will lead a new Rate branch in Elmhurst, Illinois.
  • The pair brings $155 million in combined production.
  • Rate is expanding its profit-and-loss branch platform with these hires.

    • Rate has expanded its presence in the Chicago area by hiring mortgage executives Vito Roppo and Nick Ferrante from Fairway Home Mortgage. The two will serve as producing partnership branch managers and lead a new branch in Elmhurst, Illinois.

    Roppo and Ferrante bring a combined $155 million in production to Rate. Their move aims to expand Rate's profit-and-loss branch platform and leverage the executives' established relationships within the local real estate community in Chicago's western suburbs.

    Roppo stated that Rate's platform offers a better customer and partner experience, along with the technology and support needed for growth. Ferrante added that the platform allows them to maintain their successful business model while accessing additional resources.

    Jim Eboli, Rate's executive vice president and Midwest divisional manager, described the hires as a significant addition, highlighting Roppo and Ferrante's strong business acumen in the western suburbs.

    Frequently asked questions

    Vito Roppo and Nick Ferrante are mortgage executives who have joined Rate as producing partnership branch managers. They previously worked at Fairway Home Mortgage and bring $155 million in combined production.

    The new Rate branch is located in Elmhurst, Illinois, expanding the company's presence in Chicago's western suburbs.

    Rate's profit-and-loss branch platform is a business model that allows branch managers to operate with a degree of autonomy and financial responsibility, aiming to foster growth and better customer experiences.

    What Happens Next

    01Rate will continue to expand its profit-and-loss branch platform.

    How It Developed

    Rate hired Vito Roppo and Nick Ferrante from Fairway Home Mortgage.
    Roppo and Ferrante will lead a new Rate branch in Elmhurst, Illinois.
    The duo brings $155 million in combined production.
    The Elmhurst branch expands Rate's presence in Chicago's western suburbs.

    Sources

    T1
    Rate adds Chicago-area mortgage leaders, opens Elmhurst branchHousingWire

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