Embrace Home Loans has announced the appointment of Randy Johnson to the newly formed position of senior vice president of corporate development. Johnson will be wholly focused on leading Embrace’s acquisition of independent mortgage lenders with originations between $1-$3 billion. Johnson joined Embrace three years ago and has been instrumental in developing the companies’ retail expansion. The expansion that includes, most notably, the acquisition of Mason Dixon Funding, based in Rockville, Md. in 2009.
“Randy is an ideal choice for this new position primarily because of the success of the Mason Dixon acquisition and its integration with Embrace,” said Kurt Noyce, president of Embrace Home Loans. “He has first hand knowledge of Embrace, he’s been through the process and managed our retail division through an integration. By allowing him to have a singular focus, Randy will bring unique insight to Embrace that other advisors and headhunters just can’t."
Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac, approved by FHA and VA, and is an issuer for Ginnie Mae.
“My role as senior vice president of corporate development is to fully utilize our resources in this search. By networking on multiple levels and tapping industry leaders that work with mortgage bankers, we can identify companies that might be a good fit.” said Johnson. “There are companies out there in need of capital, systems or perhaps they need to increase staff to meet compliance requirements. They are efficient, mature organizations with a reputation for quality and we are looking to match our needs and our strengths with theirs. By investing in people, Embrace has seen robust activity in 2012, voted as one of the Top 25 places to work for mid-size companies in America seven out of the last eight years.”