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Embrace Home Loans is recruiting loan officers, underwriters, and loan processors to meet its increase in lending volume. The company has originated $5 billion in mortgages in the past 12 months and has seen an overall production increased of 100%.
Embrace has 650 team members across the country and has added 45 new employees over the past three months. It is licensed in 48 states and the District of Columbia and is looking to expand in all three of its major channels which include direct-to-consumer, the financial institutions group and retail.
"We have been well-positioned to capitalize on the current origination market and have been able to expand our production volume considerably, even given some of the economic challenges that COVID-19 has brought on," said Embrace CEO Dennis Hardiman. "We have been measured in our growth and are well-diversified with three production channels to ensure that our growth is sustainable in changing markets. As a result, we are proactively adding teammates to meet the business demand."
According to a release, Embrace has plans to hire about 20 mortgage loan associates and 10 loan officers to add to the current team of loan officers in its direct-to-consumer channel in the next 60 days, all based in Middletown, Rhode Island, the company's headquarters location. It also plans to add additional teammates before the end of the year. Embrace recently launched a unique six-month "Mortgage Loan Associate" program to educate new hires with no mortgage experience about the mortgage industry, as well as about Embrace's systems, compliance requirements and sales process.
Learn more about Embrace's hiring plans.