Embrace Home Loans To Provide Home Mortgages To Amalgamated Bank’s Customers
Embrace Home Loans, a national independent mortgage lender, announced an agreement with Amalgamated Bank to provide residential mortgage financing for the bank’s customers. Amalgamated Bank is a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL).
Under the agreement, Amalgamated Bank will direct customers seeking residential mortgages to Embrace, which will originate and service mortgage loans through a platform specifically designed for the bank’s customers. Embrace will provide the bank’s customers with convenient access to an expanded range of home financing products and dedicated lending support.
“This agreement underscores a shared priority: making sure customers experience stability and confidence,” said Dennis Hardiman, founder and CEO of Embrace Home Loans. “By pairing Embrace’s exclusive focus on residential lending with experienced local loan officers, we’re able to ensure Amalgamated Bank’s customers continue to receive professional, dependable service.”
“Our focus has always been supporting our clients and creating opportunities that make an impact,” said Sam Brown, Amalgamated Bank’s chief banking officer. “Embrace allows us to confidently connect customers with an experienced lender that shares our commitment to excellent service and ethical lending and can offer the knowledge and breadth of mortgage solutions that our clients seek.”
Amalgamated Bank’s customers now have access to a variety of mortgage loans, including Embrace’s proprietary Approved to Close program, which certifies the property value and gives the seller a backup cash guarantee of $10,000, making the homebuyer’s bid even more attractive than a cash offer. Customers will also have access to Embrace’s Property Value Certificate, through which the lender certifies the value of the home a buyer is seeking to purchase so the appraisal contingency can be waived. In addition, Amalgamated Bank’s customers will receive personalized support from Embrace’s dedicated loan officers.
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