Proper
Rate,
a
joint
venture
between


Guaranteed
Rate
and
residential
brokerage


@properties,
has
tapped
Chris
Knapp
to
lead
the
company
as
president.

Knapp
boomeranged
back
to
Chicago-headquartered
Guaranteed
Rate
after
he
left
in
2019.
He
held
posts
at
rivals

CrossCountry
Mortgage,

Draper
&
Kramer
Mortgage
Corp.
and,
most
recently,

Wintrust
Mortgage,
where
he
was
a
vice
president.

“I’m
delighted
to
welcome
back
Chris
Knapp
as
president
of

Proper
Rate.
Chris
was
a
great
executive
sales
leader
during
his
impressive
11
years
at
Guaranteed
Rate,”

Victor
Ciardelli,
CEO
of
Guaranteed
Rate,
said
in
a
prepared
statement.

“With
Chris
on
board,
I
have
no
doubt
his
vast
experience
will
be
amazing
for
Proper
Rate’s
growth
and
overall
culture.
He
will
ensure
we
deliver
an
exceptional
customer
experience
to
@Properties’
real
estate
agents’
clients,
and
he
will
definitely
help
solidify
Proper
Rate
as
the
premier
boutique
mortgage
company
in
the
industry.”

Knapp
spent
10
years
at
Guaranteed
Rate
between
2008
and
2019
in
multiple
leadership
roles.
He
was
chief
retail
production
officer
at
the
time
of
his
departure
in
2019.

Chicago-based
@properties
is
the
nation’s
eighth-largest
brokerage
firm
by
closed
sales
volume,
according
to
2023
data
from
the


RealTrends
Verified
rankings.
The
brokerage
also
owns
the

Christie’s
International
Real
Estate
global
luxury
brand
and
network.

Guaranteed
Rate,
meanwhile,
was
the
nation’s
ninth-largest
mortgage
originator
in
the
first
quarter
of
2024,
according
to

Inside
Mortgage
Finance
(IMF).
The
retail
lender,
which
has
several
other
joint
ventures
with
other
residential
brokerages,
originated
$7
billion
between
January
and
March,
according
to
IMF.

The
lender
was
recently
the
subject
of
an
investigation
by
the
Chicago
Tribune,
which

alleged
a
toxic
work
environment.
Guaranteed
Rate
and
Ciardelli
denied
the
allegations.

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