Guaranteed Rate’s Ben Cohen Originates $1 Billion for Second Consecutive Year
Top originator hits milestone four months faster than last year
September 29, 2021 (CHICAGO) – Guaranteed Rate, one of the top 5 retail mortgage lenders in the country, is proud to announce that Managing Director/SVP of Mortgage Lending Ben Cohen of Chicago has crossed $1 billion mark in total loan volume for the second consecutive year.
“What Ben and his team have done is absolutely amazing. His leadership, dedication and efficiency are truly inspiring,” said Guaranteed Rate’s President and Chief Executive Officer Victor Ciardelli. “What’s even more impressive than funding $1 billion two years in a row is that he hit this incredible goal more than four months faster than last year.”
Cohen, the #1 originator in Illinois, has quickly risen to become one of the top loan officers in the country. In just five years, his annual loan volume skyrocketed from $150 million to over $1 billion in 2020. He made headlines last year when he crossed the billion-dollar mark, funding a total of $ 1,096,420,132. He finished last year as one of the nation’s top originators according to Scotsman Guide, closing more than 2,325 loans.
“Hitting this milestone once, let alone twice, in my career is a true testament to the trust of my clients along with the sheer passion of my entire team and our referral partners,” said Cohen. “I’m incredibly grateful for Guaranteed Rate’s leadership as well as my partner Mike Dye, who helped me scale my business for efficiency and simplify the mortgage experience for both our clients and employees. Christine Lutz, our SVP of business development, also played a major role in this achievement by helping us build and sustain relationships with our real estate and corporate partners. Their efforts enabled us to help even more people, which is what I’m most passionate about.”
Cohen credits his success with surrounding himself with the best people and having the support of his family, which allows him to focus on what he does best–building lasting relationships with his clients and referral partners.
Cohen, whose extensive client base ranges from first-time homebuyers, move-up buyers, refinancers and investors, also participates in corporate benefit programs with businesses throughout the country.
Guaranteed Rate Companies, which funded more than $60 billion in loans in just the first half of 2021, is dedicated to its core value, “We Grow for Good.” As one of the company’s top performers, Cohen plays a direct role in achieving that goal.
“As our business grows, I will continue to give back and help make a difference,” said Cohen, who prioritizes charitable giving to those in his community. He and his team’s efforts support essential workers, youth schools, sports teams and various organizations including the Guaranteed Rate Foundation, Make-A-Wish® Foundation, the Jewish United Fund, Humble Design and Lemons of Love.
About Guaranteed Rate Companies
The Guaranteed Rate Companies includes Guaranteed Rate, Inc., one of the top 5 retail mortgage lenders in the United States, Guaranteed Rate Affinity, LLC, and Proper Rate, LLC. Headquartered in Chicago, Guaranteed Rate Companies combined funded over $73 billion in 2020 and have more than 10,000 employees in over 850 offices across the United States. Founded in 2000 and located in all 50 states and Washington, D.C., Guaranteed Rate has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. In 2017, the company launched Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. In 2020, the company launched Proper Rate, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and @properties, one of the nation's largest residential brokerage firms. Collectively, the Guaranteed Rate Companies have earned numerous honors and awards including: Forbes Advisor’s Top 10 Mortgage Lenders for 2021; Best Mortgage Lender for Online Loans and Best Mortgage Lender for Refinancing by NerdWallet for 2021; 2018 Top Lender for Online Service by U.S. News & World Report; HousingWire’s 2020 Tech100 award for the company’s industry-leading FlashCloseSM technology; No. 3 ranking in Scotsman Guide's 2021 list of Top Retail Mortgage Lenders; Chicago Agent Magazine’s Lender of the Year for five consecutive years; and Chicago Tribune's Top Workplaces list for seven consecutive years. Visit rate.com for more information.
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