MIDDLETOWN, R.I.--(BUSINESS WIRE)--Embrace Home Loans, a prominent leader in the mortgage industry, announced today that Kurt Noyce would head its expanded Financial Institution Services Division.
Noyce has served as President of Embrace Home Loans for the last eighteen years. During that time, he has been instrumental in helping to lead the national lender to become nearly a 1,000-employee company producing more than $3 billion annually in mortgage originations.
“We believe the services we provide banks allow banks to scale a variety of challenges they face today in providing their customers a highly satisfying mortgage loan experience and originate mortgages profitably,” said Dennis Hardiman, Embrace’s CEO. “Banks are frustrated by the difficulties they face in providing mortgages for their customers, and this has caused a growing number of banks to stop offering them. We see there to be a sizable growth opportunity for us with helping banks be successful with furnishing mortgages to their customers and respond to the digitalization of mortgages which is taking place. We need a proven leader and mortgage professional to guide this effort for us, and there is none better than Kurt for the task.”
Embrace Home Loans has thrived and transformed from a purely business-to-consumer approach to one that includes a business-to-business component, providing loan operation functions to banks and credit unions. The Mortgage Bankers Association (MBA) indicated that industry volume rose 16 percent in 2016 from the prior year. However, financial institutions supported by national lender Embrace Home Loans more than doubled that national average. Moreover, financial institutions supported by Embrace received favorable regulatory and internal audit examinations, demonstrating the lender’s outstanding performance as well as its adherence to regulatory guidelines.
Hardiman added, “We feel confident we have established a well-proven mortgage service for banks and are positioned to expand the channel. Moreover, our ongoing advances to further digitalize the customer experience and the fulfillment processes that produce a mortgage will continue to strengthen the value of our service.”
Noyce attributes Embrace’s success to a core set of values that grew from Embrace’s purpose – to make a positive impact in the lives of others and to prove that a strategy which is good for people, is good for business. Noyce was recently honored by the Providence Business News with its 2017 Excellence in Business Leadership Award. In his 27 years with Embrace, Noyce believes his and the company’s success can be attributed to never losing sight of the fact that serving a customer is a privilege.
Dennis Hardiman will assume the role of President of Embrace Home Loans and will hold the title of CEO and President. Al Dussinger, Embrace’s CTO for 22 years, has been appointed to Chief Operating Officer. Dussinger’s commonsense approach to business, knowledge of mortgages, entrepreneurial skills, and his ability to design and navigate digital solutions makes him a prototypical mortgage company COO for this digital age.
About Embrace Home Loans
Founded in 1983, Embrace Home Loans has remained a prominent leader in the industry, having afforded borrowers and financial institutions an exceptional mortgage experience. Licensed in 46 states and D.C., Embrace has been recognized seven times as one of the Best Medium-sized Companies to Work for in America by Fortune and four times as one of the Fastest Growing Companies in America by Inc. The company has also been recognized twelve times as one of the Best Places to Work in Rhode Island, as the Most Community Involved Company in Rhode Island, and the Leadership Excellence Award by Providence Business News. For more information, please visit www.embracehomeloans.com.
