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HousingWire Daily

James Kleimann on news about Rate, Rocket and UWM

Mar 6, 2025
James Kleimann, Managing Editor at HousingWire, shares insights into the evolving landscape of mortgage lending. He discusses Shant Banosian’s new leadership role at Rate and its implications. The conversation highlights Rocket's resilient growth post-IPO, examining its robust business model, and contrasts UWM's competitive advantages in the brokerage sector. Kleimann also touches on the unique aspects of the Houston market, offering a humorous take on its culture compared to life in New York City. Tune in for a deep dive into industry dynamics!
31:22

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Shant Banosian's appointment as president of Rate Mortgage highlights a leadership focus on loan originators' success and work-life balance.
  • Rocket's strategic technology investments and impressive profits position it as a key player in the evolving mortgage market landscape.

Deep dives

Shant Benosian's Leadership at Rate Mortgage

Shant Benosian has been appointed as the president of Rate Mortgage, marking a significant elevation for a top mortgage originator recognized for his exceptional performance over the past several years. His leadership style is noted for balancing hard work and success with an approachable demeanor, fostering a supportive environment for loan originators (LOs). The focus of his leadership emphasizes the importance of LOs' success and work-life balance, distinguishing him from other executives who prioritize profitability over personnel well-being. This approach aligns with the need for larger lenders to strategically differentiate themselves in a competitive market, as Benosian transitions his prior experience managing a large team into broader operational strategies for Rate Mortgage.

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