Peter Boomer Named President of Proper Rate

Peter Boomer, President, Proper Rate

Thirty-year mortgage executive Peter Boomer has been appointed President of mortgage lender Proper Rate, a Guaranteed Rate company, where he will be responsible for the overall direction of the business, including oversight of the company’s strategic growth and overall direction of all its programs, products, and services.

“With his extensive experience in growing companies and leading teams to success, we know he is the perfect person to help take us to the next level,” said Traci Anastasia, EVP of Operations at Proper Rate. “His passion for innovation and his focus on driving growth will be invaluable as we continue to expand and serve even more customers.”

Boomer had been serving in the role of EVP for Guaranteed Rate prior to his appointment. He will be charged with continuing the strategic growth of Proper Rate, as well as overseeing the entire operation. Prior to joining Guaranteed Rate, he served with PNC Bank for more than 12 years, and at JP Morgan Chase for more than 20 years.

Over the course of his 30-year career, Boomer has held leadership positions in all aspects of mortgage origination, including strategy, processing, underwriting, closing, post-closing, product development, pricing, risk, and technology. He has successfully developed and managed retail, direct and digital teams to support a wide range of strategies, including bank branch customers, real estate and builder partnerships, relocation programs, affinity partnerships, private label initiatives and joint ventures.

"I am thrilled to be joining Proper Rate, a company that truly embodies a culture of excellence,” said Boomer. “From the moment I walked in the door, I could feel the energy and passion of the team, all dedicated to providing the best possible service to their clients. I can't wait to contribute my own experience and expertise to this amazing group of professionals and help take the company to new heights.”

Proper Rate is a joint venture between Guaranteed Rate and @properties, an independent retail mortgage company offering homebuyers and homeowners personalized lending services through a select team of some of the most highly experienced and dedicated mortgage professionals in the industry.

Proper Rate recently named the winners of their 2022 JATF Leadership Award, including Anastasia; Chris Louis, SVP of Closing; and Steve Levitt, VP of Sales Performance. The JATF Leadership Award, now in its third year, celebrates exceptional leadership and unwavering commitment to the growth and success of Proper Rate and its employees, while exemplifying the company's core values.