MIAMI--(BUSINESS WIRE)--Embrace Home Loans’ Miami, Fla. office celebrates its one-year anniversary with record results, including more than $69 million in loans. Embrace Home Loans is a prominent leader in the mortgage industry and a direct lender for Fannie Mae and Freddie Mac, approved by FHA and VA, and an issuer for Ginnie Mae.
With more than 30 years of mortgage lending experience, Gene Swindle, vice president of the Miami office, cites significant change in the Miami market over the last three decades. The Miami housing market is struggling. Hundreds of foreclosures coupled with low credit scores as a result of the recession has made it seemingly impossible for the economy to recover. Some industry experts even predict as much as a 10 percent decline in housing sales for 2011 in Florida. Unlike reports from other lenders, Embrace Home Loans achieved record success in 2010 and has high expectations for 2011.
Swindle said, “By keeping to our values, we put hundreds of families into homes last year. We expect to do the same in 2011 by continuing to focus on first-time homebuyers. Unlike other lenders, we can service loans to individuals with credit scores in the 500’s. Additionally, as the 13th largest FHA lender in the nation, Embrace Home Loans has a great command of the many FHA programs available – a great option for many buyers today.”
“We attribute our success to excellent service, superior technology, an outstanding marketing program and a strong dedication to our community from a great team. We look forward to an even better year in 2011,” Swindle concluded.
“2010 marked a great year for Embrace Home Loans, closing more than $2.8 billion in loans, a 37 percent increase from 2009, and serving more than 17,000 customers,” said Kurt Noyce, president, Embrace Home Loans. “Florida has been hit hard by the economy, but with customer-committed professionals, like Gene and his team, we’re confident we can put even more deserving families back into homes in 2011.”
About Embrace Home Loans
Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac and, approved by HUD to make FHA insured loans, approved for VA, and an issuer for Ginnie Mae. Embrace Home Loans has remained a prominent leader in the industry, having helped hundreds of thousands of individuals and their families purchase new homes, lower their monthly payments and consolidate high-interest debt since its inception. For more information, visit the company’s website at www.embracehomeloans.com or follow them on Twitter and Facebook.