Embrace Home Loans

Embrace Home Loans
Company typePrivate
IndustryFinancial Services
Founded1983
FounderDennis Hardiman
HeadquartersMiddletown, Rhode Island,
Middletown, Rhode Island
,
United States
ProductsFHA Loans, VA Loans, HARP2, Fixed Rate Mortgage, Variable Rate Mortgage, Fannie Mae, Fannie Mae Homepath, Freddie Mac, Jumbo, USDA, Homepath
Number of employees
300+ nationally[1]
Websitewww.embracehomeloans.com

Embrace Home Loans Inc., formerly Advanced Financial Services Inc. (AFS), is an American full service direct mortgage lender. It is headquartered in Newport, Rhode Island.[2] Embrace provides residential mortgage loans directly to its customers and is licensed in 46 states and Washington, D.C.[3] The company employs 500+ people spanning 25 branches along the East Coast of the U.S.

Company

The company was founded by Dennis Hardiman in 1983. A direct lender of Fannie Mae and Freddie Mac, the company is also an Equal Housing Lender and an issuer of Ginnie Mae.[4] The company is also approved by FHA and VA.

Embrace is an approved Servicer for:

Embrace is an active member of:

Awards

  • Top 25 Mortgage Companies in America (2014)[6]
  • 100 Most Influential Mortgage Executives, Kurt Noyce (2014)[7]
  • One of the Fastest-Growing Companies in Rhode Island (2013)[8]
  • The Best Place to Work in Rhode Island (2006, 2007, 2008, 2009, 2011,[9] 2012,[10] 2013)[11]
  • 50 Best Small & Medium Companies to Work for in America (2004, 2005, 2007, 2008, 2009, 2012)[12]
  • Business Excellence Award for Community Involvement (2006)[13]

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.[14]

In December 2017, it was announced that Kurt Noyce would lead the Financial Institution Services Division. Noyce had been President of Embrace Home Loans for 18 years.

In 2024, it was announced that Ryan "Buddy" Hardiman would be President. [15]

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.[16]

References

  1. ^ Bedard, Moe. "Embrace Home Loans Listed Embrace Home Loans On Inc. 5000". LoanSafe. LoanSafe & MoeSEO Inc. Retrieved 10 June 2014.
  2. ^ Bedard, Moe. "Embrace Home Loans Listed Embrace Home Loans On Inc. 5000". LoanSafe. LoanSafe & MoeSEO Inc. Retrieved 10 June 2014.
  3. ^ "BBB Business Review". Better Business Bureau. Retrieved 3 May 2014.
  4. ^ "Embrace Home Loans Is Recognized For Continued Excellence By Mortgage Executive Magazine". Reuters. Archived from the original on 15 February 2015. Retrieved 3 May 2014.
  5. ^ "Embrace Home Loans Celebrates Decades of Success with New Name". Bloomberg. Bloomberg L.P. Retrieved 10 June 2014.
  6. ^ "Embrace Home Loans Is Recognized For Continued Excellence By Mortgage Executive Magazine". Reuters. Archived from the original on 15 February 2015. Retrieved 1 May 2014.
  7. ^ "Embrace Home Loans Is Recognized For Continued Excellence By Mortgage Executive Magazine". Reuters. Archived from the original on 15 February 2015. Retrieved 1 May 2014.
  8. ^ "Embrace Home Loans continues to transform itself to new market opportunities/conditions". Rhode Island Small Business Journal. Retrieved 3 May 2014.
  9. ^ "PBN Names Quality Partners to Best Places to Work for 2011". Healthcentric Advisors. Archived from the original on 7 May 2014. Retrieved 3 May 2014.
  10. ^ "Embrace Home Loans, Inc, #18-Best Medium Workplaces". Best Places to Work. Retrieved 3 May 2014.
  11. ^ "PBN recognizes R.I.'s Best Places To Work in 2013 awards program". Providence Business News. 10 May 2013. Retrieved 2 May 2014.
  12. ^ Gurchiek, Kathy. "2012 Best Small, Medium Workplaces Named". Society for Human Resource Management. Archived from the original on 18 January 2013. Retrieved 2 May 2014.
  13. ^ "Embrace Home Loans". Dex Media, Inc. Retrieved 3 May 2014.
  14. ^ "Embrace Home Loans Celebrates Hiring Award with 20th Branch Opening". PR Web. Retrieved 2 May 2014.
  15. ^ "Embrace Home Loans' Kurt Noyce to Head Financial Institution Services Division". 9 January 2018.
  16. ^ Akhtar, Omar. "The 25 best medium-size companies to work for". CNN Money. Retrieved 2 May 2014.