Rate Hires Chicago Mortgage Executives, Opens Elmhurst Branch

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.