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Embrace Home Loans, a mortgage lender based in Middletown, R.I., said today it has named Kim Castiglioni vice president of market growth and national condominium program manager.
Castiglioni will be responsible for expanding the company's retail mortgage sales team in the southeastern U.S., developing strategic alliances with prospective clients, and leading Embrace's growth strategy for condominium and cooperative property financing nationwide.
Castiglioni has more than 30 years of experience in the mortgage industry. She spent most of her career at Wells Fargo Home Mortgage, most recently as the company's vice president, national condominium manager. She previously held other leadership roles at Wells Fargo, including vice president, national strategic alliances manager, and vice president, regional sales manager.
"We are tremendously excited to have Kim join our team," said Jason Will, senior vice president of market growth at Embrace. "Kim brings a wealth of knowledge and experience, an infectious enthusiasm, and the outstanding ability to develop meaningful strategic relationships and energize high-performing teams."
Castiglioni is a member of the Mortgage Bankers Association (MBA) and the National Association of Home Builders' (NAHB's) Multifamily Council. She is a sought-after speaker at the International Builder Show and has extensive experience working with industry trade associations and housing agencies.
"I was drawn to Embrace Home Loans due to its strong leadership team, stellar customer service, and superb relationships with referral partners," Castiglioni said. "I look forward to working with the Embrace team and building our presence in the Southeast and expanding our condominium program."
Embrace originated $6.4 billion in mortgage loans in 2020, a company record and a 70% increase from 2019. The company plans to double its retail production in 2021 and increase business in its consumer-direct and financial institutions group divisions, with a focus on purchase loans.
Embrace is a Fannie Mae, Freddie Mac, FHA, and VA lender, and also originates non-conforming loans, including jumbo and other unconventional loans. The company processes, underwrites, funds, and closes all loans in-house.