A bright future
Although we would all like to forget 2020, thankfully it had some silver linings. Embrace Home Loans had a record year. In particular, the Northeast region saw a volume increase of 64% from the previous year. Although much of this increase was due to refinance activity, we also saw continued strength in our purchase business. Taking advantage of historically low interest rates, we helped thousands of people refinance their mortgages or purchase new homes, helping them to better their financial situations.
As we move into spring of 2021, we will be increasing our focus on the purchase business as we continue to help our borrowers improve their financial situations. Embrace offers many exclusive programs for homebuyers. We’re so confident that we’ll close on time, we brought back our Guaranteed On-Time Closing (GOTC) program. If we don’t meet a closing date, we’ll pay the client $2,500 within 30 days of closing. We also offer a nine-month Extended Rate Lock, which allows customers to buy or build a home with confidence, knowing if things get delayed and rates rise, their rate isn’t budging.
In today’s competitive market, multiple buyers are often competing for the same house. Our Approved to Move™ program gives clients a distinct advantage. Unlike a typical preapproval, Approved to Move™ is a fully underwritten approval that’s completed before a buyer finds a home. Because it’s the next best thing to a cash offer, it’s a hit with both sellers and REALTORS®.
Embrace is also stepping up our recruiting efforts. We’re increasing our underwriting staff by 300%, hiring junior loan officers to help with the workload and providing every resource to ensure our loan officers’ success. As always, we’re looking for talented sales professionals and leaders to join our growing team.
We’ve been in the industry for 38 years, and today we’re one of the nation’s top mortgage lenders. But our success is more than just financial; it is rooted in our culture. We care about our employees as much as our customers — and we’re happy to report that Embrace employees are thriving. We’ve been awarded Top Mortgage Employers, Best Places to Work in RI (for 15 consecutive years), and Best Mortgage Companies to Work For again this year.
To join our team or learn more about Embrace, visit www.embracehomeloans.com/recruiting