Embrace Home Loans Inc., is an American full service direct mortgage lender, headquartered in Newport, Rhode Island. In 2009, the company changed its name from Advanced Financial Services Inc. (AFS) to better reflect its products and services. Embrace provides residential mortgage loans directly to its customers and is licensed in 46 states and Washington, D.C.. The company employs 600+ people spanning 25 branches along the East Coast of the U.S.
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Company
Embrace is a direct lender of Fannie Mae and Freddie Mac and is approved by FHA and VA. The company is also an Equal Housing Lender and an issuer of Ginnie Mae. With over 30 years of experience, Embrace has been helping customers refinance their mortgages, purchase new homes, and consolidate high interest debt. As an accredited business, Embrace received an A+ rating with the Better Business Bureau based on its commitment to resolving customer complaints, etc. Embrace is an approved Servicer for:
- Fannie Mae and Freddie Mac
- United States Department of Housing and Urban Development (HUD)
- Ginnie Mae
Embrace is an active member of:
- Mortgage Bankers Association (MBA)
- Direct Marketing Association (DMA)
- FNMA Regional Advisory Council
Best Bank For A Home Loan Video
Awards
- Top 25 Mortgage Companies in America (2014)
- 100 Most Influential Mortgage Executives, Kurt Noyce (2014)
- One of the Fastest-Growing Companies in Rhode Island (2013)
- The Best Place to Work in Rhode Island (2006, 2007, 2008, 2009, 2011, 2012, 2013)
- 50 Best Small & Medium Companies to Work for in America (2004, 2005, 2007, 2008, 2009, 2012)
- Business Excellence Award for Community Involvement (2006)
Recent News
With the addition of a Retail Branch Origination in 2009, as well as a Correspondent Origination Division in 2013. Embrace is continuing to expand its branches across the country, including the opening of its 20th Retail Branch Office located in Charlottesville, VA. This particular office will focus on specializing in realtor sales, as well as builder and other referral business. More recently, Embrace launched its Affinity Mortgage Solution, which is a new residential lending program specifically for community banks and credit unions. Some benefits of this program include:
- Reduces the level of resources and capital dedicated to a non-core product
- Mitigates risk associated with increasing regulation, compliance rules, qualified mortgage and increased document requirements
- Eliminates rising staff and technology costs
- Increases competitiveness with a wide breath of products including conforming, government, state bond programs and jumbo products
- Retains customers
- Capitalizes on cross sell opportunities
Charity
Employees at Embrace are offered 100 hours of paid time off if they use it to volunteer. The company also matches employee donations up to $2,500 a year per employee. In 2013, Embrace donated $30,000 to a short list of charities including:
- Division of Children, Youth and Families- East Bay
- Ponies as Partners
- Make A Wish, Rhode Island
- The Stone School Athletic Department
- Alabama Eye Bank, Mikal Ann Indigent Care Fund
- Year Up, Providence
- Dana Farber Cancer Institute- Jimmy Fund
- Boy Scouts of America - Inner City Camperships
- Homes for Our Troops
- Multiple Sclerosis Society - Canine Caregivers
- Generosity Water
- Rhode Island Family Shelter
Source of the article : Wikipedia
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