Published: March 04, 2010
Embrace Home Loans Expands to Accommodate Growth
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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