Industry Vet Returns To Embrace As Vice President

Senior Editor

May 18, 2022

Mehdi Pirzadeh will work in Rockville, Maryland, office

Embrace Home Loans announced that Mehdi Pirzadeh has been named senior loan officer, vice president in the company’s Rockville, Maryland, office. Pirzadeh is a top-producing loan originator who previously worked for Embrace and recently returned.

“We are delighted to welcome Mehdi back to Embrace,” said Guy Silas, branch manager of Embrace’s Rockville office. “He has great knowledge and expertise in the Maryland and the greater Washington, D.C. markets. Mehdi is one of the best mortgage originators in the country, and we’re very fortunate he has rejoined us.”

Pirzadeh began his 22-year career in the mortgage industry as a mortgage originator at Mason Dixon Funding, which was acquired by Embrace Home Loans in 2009. In 2013, he joined Eagle Bank in the Washington, D.C. area as a vice president, senior loan officer. Pirzadeh rejoined Embrace in March 2022.

Pirzadeh commits to supporting a number of local nonprofits and charities in the Washington, D.C. area that combat food insecurity. He has supported Dreaming out Loud, Compassion without Borders and World Vision International.

About the author

Keith Griffin

Senior Editor

Keith Griffin is a senior editor at NMP.

Link copied

Published

May 18, 2022

Rural Lending

USDA Fast-Track Mortgage Pilot Doubles In Size

Twelve lenders are now selected for a program that removes a key USDA preclosing approval step

The U.S. Department of Agriculture is doubling the number of lenders in a pilot program designed to speed up rural mortgage closings.Six additional lenders will join USDA's Delegated Authority Lender Interactive Test Environment (LITE) Pilot Program on Dec. 1, bringing the t...

Analysis and Data

Nearly Half Of Foreclosures Involve Newer Loans As FHA Auctions Surge

ICE and Auction.com data reveal a growing concentration of recent mortgage vintages in foreclosure activity, with government-backed borrowers facing additional equity pressures

Mortgages originated since 2022 now account for nearly half of completed foreclosure sales, while foreclosure auction activity involving those newer loans has surged 73% over the past year, according to separate reports from Intercontinental Exchange (ICE) and Auction.com.Th...