Embrace Home Loans Explained

Embrace Home Loans
Type:Private
Foundation:1983
Founder:Dennis Hardiman
Location City:Middletown, Rhode Island
Location Country:United States
Location:Middletown, Rhode Island
Industry:Financial Services
Products:FHA Loans, VA Loans, HARP2, Fixed Rate Mortgage, Variable Rate Mortgage, Fannie Mae, Fannie Mae Homepath, Freddie Mac, Jumbo, USDA, Homepath
Num Employees:300+ nationally[1]
Homepage:www.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

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]

Notes and References

  1. Web site: Bedard. Moe. Embrace Home Loans Listed Embrace Home Loans On Inc. 5000. LoanSafe. LoanSafe & MoeSEO Inc.. 10 June 2014.
  2. Web site: Bedard. Moe. Embrace Home Loans Listed Embrace Home Loans On Inc. 5000. LoanSafe. LoanSafe & MoeSEO Inc.. 10 June 2014.
  3. Web site: BBB Business Review. Better Business Bureau. 3 May 2014.
  4. Web site: Embrace Home Loans Is Recognized For Continued Excellence By Mortgage Executive Magazine. https://web.archive.org/web/20150215070840/http://www.reuters.com/article/2014/03/27/idUSnGNX6FG1Q9+1da+GNW20140327. dead. 15 February 2015. 3 May 2014. Reuters.
  5. Web site: Embrace Home Loans Celebrates Decades of Success with New Name. Bloomberg. Bloomberg L.P.. 10 June 2014.
  6. Web site: Embrace Home Loans Is Recognized For Continued Excellence By Mortgage Executive Magazine. https://web.archive.org/web/20150215070840/http://www.reuters.com/article/2014/03/27/idUSnGNX6FG1Q9+1da+GNW20140327. dead. 15 February 2015. Reuters. 1 May 2014.
  7. Web site: Embrace Home Loans Is Recognized For Continued Excellence By Mortgage Executive Magazine. https://web.archive.org/web/20150215070840/http://www.reuters.com/article/2014/03/27/idUSnGNX6FG1Q9+1da+GNW20140327. dead. 15 February 2015. Reuters. 1 May 2014.
  8. Web site: Embrace Home Loans continues to transform itself to new market opportunities/conditions. Rhode Island Small Business Journal. 3 May 2014.
  9. Web site: PBN Names Quality Partners to Best Places to Work for 2011. https://archive.today/20140507045213/http://www.healthcentricadvisors.org/in-the-news/in-the-news-2011/147-pbn-names-quality-partners-to-best-places-to-work-for-2011.html. dead. 7 May 2014. Healthcentric Advisors. 3 May 2014.
  10. Web site: Embrace Home Loans, Inc, #18-Best Medium Workplaces. Best Places to Work. 3 May 2014.
  11. Web site: PBN recognizes R.I.'s Best Places To Work in 2013 awards program. 10 May 2013. Providence Business News. 2 May 2014.
  12. Web site: Gurchiek. Kathy. 2012 Best Small, Medium Workplaces Named. Society for Human Resource Management. 2 May 2014. https://web.archive.org/web/20130118040021/http://www.shrm.org/Publications/HRNews/Pages/2012-Best-Small-Medium-Workplaces.aspx. 18 January 2013. dead.
  13. Web site: Embrace Home Loans. Dex Media, Inc.. 3 May 2014.
  14. Web site: Embrace Home Loans Celebrates Hiring Award with 20th Branch Opening. PR Web. 2 May 2014.
  15. Web site: Embrace Home Loans' Kurt Noyce to Head Financial Institution Services Division. 9 January 2018.
  16. Web site: Akhtar. Omar. The 25 best medium-size companies to work for. CNN Money. 2 May 2014.

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