Chris Knapp appointed President of Proper Rate

Right pricea joint venture between Guaranteed price and housing agency @Characteristicshas appointed Chris Knapp as President of the company.

Knapp returned to Chicago-based Guaranteed Rate like a boomerang after leaving in 2019. He held positions at competitors CrossCountry Mortgage, Draper & Kramer Mortgage Corp. and last Wintrust Mortgagewhere he was vice president.

“I am pleased to welcome back Chris Knapp as President of Proper Rate. Chris has been a tremendous sales leader during his impressive 11 years at Guaranteed Rate,” said Victor Ciardelli, CEO of Guaranteed Rate, in a prepared statement.

“With Chris on board, I’m sure his extensive experience will be a great asset to Proper Rate’s growth and overall culture. He will ensure we deliver an exceptional customer experience to @Properties’ real estate agent clients and he will definitely help establish Proper Rate as the industry’s leading boutique mortgage company.”

Knapp spent ten years at Guaranteed Rate in various leadership roles between 2008 and 2019. At the time of his retirement in 2019, he was Chief Retail Production Officer.

Chicago-based brokerage @properties is the eighth-largest brokerage in the country by closed sales volume, according to the company’s 2023 figures. Verified by RealTrends Rankings. The brokerage company also owns the Christie’s International Real Estate global luxury brand and network.

Guaranteed Rate was the ninth-largest mortgage lender in the country in the first quarter of 2024, according to Insights into mortgage financing (IMF). The retail lender, which has several joint ventures with other real estate brokers, issued $7 billion in loans between January and March, according to the IMF.

The lender was recently the subject of a Chicago Tribune investigation that accused it of having a toxic work environment. Guaranteed Rate and Ciardelli denied the allegations.

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