"Rate CEO Victor Ciardelli called Stenger a strategic addition who knows how to support loan officers to be their absolute best and optimize their potential and production. Rate president Shant Banosian added that Stenger is a super star that has the mindset of a producer gritty, driven and focused on winning. Stenger spent more than a decade at Movement Mortgage, the 25th-largest U.S. mortgage lender in the first half of the year, according to Inside Mortgage Finance (IMF)."
"At Movement, Stenger helped scale operations and retail performance, overseeing $130 billion in production over the past five years, Rate said in a statement. After his departure earlier this month, Movement named Lyra Waggoner as COO and Anna Benz as chief fulfillment officer, reporting to Waggoner. The company also recently announced that it has completed a three-year overhaul of its technology systems, culminating in the launch of its new loan origination system, MORE LOS."
Stenger joined Rate as a strategic addition aimed at supporting and optimizing loan officers’ potential and production. Rate executives described Stenger as gritty, driven, and focused on winning, with a producer’s mindset. Stenger spent more than a decade at Movement Mortgage and helped scale operations and retail performance, overseeing $130 billion in production over the past five years. Movement originated $9.3 billion from January to June, down 7% year over year, and named Lyra Waggoner COO and Anna Benz chief fulfillment officer after his departure. Rate reported $20.2 billion in first-half 2025 originations and operates over 850 branches nationwide.
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