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Embrace Home Loans Expands to Accommodate Growth

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NEWPORT, R.I. - (BUSINESS WIRE) - Embrace Home Loans, a prominent leader in the mortgage industry and a direct lender for Fannie Mae and Freddie Mac, approved by FHA and VA, and an issuer for Ginnie Mae, today announced it is expanding to accommodate current and future growth. The company is moving its Internet origination division, which is comprised of 50 employees, to an 18,000 square foot building located in Providence, R.I.

"As a company, Embrace Home Loans has experienced significant growth," said Kurt Noyce, president of Embrace Home Loans. "Most recently we've added several new retail branches along the Eastern Seaboard, and completed a substantial acquisition to further increase our geographic footprint. We are proud of the work we've accomplished and are pleased to be able to add additional office space right here in our local economy. The addition of a new building in Providence not only provides a space for our growing Internet origination division, but also provides the ability for our company to add more local jobs in the future."

For the past 27 years, Embrace Home Loans has helped hundreds of thousands of individuals and families purchase new homes, lower their monthly payments and consolidate high-interest debt. Customers are included in every step of the process to develop real, working relationships. Currently the company employs more than 500 employees and has been recognized for its excellence in the workplace and devotion to community service through numerous local and national awards, reflecting the lender's commitment to its strong values and to provide outstanding service.

About Embrace Home Loans

Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac, approved by FHA and VA, and an issuer for Ginnie Mae. Embrace Home Loans has remained a prominent leader in the industry, having helped hundreds of thousands of individuals and their families purchase new homes, lower their monthly payments and consolidate high-interest debt since its inception. Embrace Home Loans' unique customer-centric approach to lending has helped secure more than $2 billion in home loans since late 2008.

A member of the Mortgage Bankers Association of America (MBA), Embrace Home Loans is an Equal Housing Lender and an accredited business of the Better Business Bureau. Additionally, Embrace Home Loans has been recognized for its excellence in the workplace and devotion to community service through numerous local and national awards, reflecting the lender's commitment to continued self-improvement. For more information, please visit www.embracehomeloans.com.

For Embrace Home Loans
Anna Stanley, 251-990-3559



 
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