MINNEAPOLIS--(BUSINESS WIRE)--Ameriprise Financial (NYSE: AMP) today announced it is rolling out home lending solutions to further serve clients’ comprehensive and long-term financial needs. Through a new partnership with Embrace Home Loans, Ameriprise clients will have access to mortgage products and services to complement the personalized advice they receive from their Ameriprise financial advisors. Additionally, the new relationship provides Ameriprise clients with competitive interest rates, no application fees, a streamlined application process and a dedicated loan consultant from pre-qualification to closing.
“Whether clients are looking for a new home or refinancing their current one, securing the right mortgage is a critical piece of their financial planning,” said Abu Arif, President, Ameriprise Bank, FSB. “We’re committed to helping our clients manage their finances every step of the way. To that end, we’re excited to launch our new mortgage partnership, which combines Ameriprise’s comprehensive advice with Embrace’s expansive lending products to help clients achieve their financial goals.”
“We’re honored to team with such a respected organization as Ameriprise Financial,” said Kurt Noyce, Embrace’s Financial Institutions Group President. “The vision Ameriprise has for their clients and advisors – both during the origination and the life of the loan – is inspiring and aligns ideally with Embrace’s values and mission.”
In addition to resources and expertise to buy or refinance a home, Ameriprise clients will have access to Embrace’s lending programs, including:
- Approved to Move™: This program gives clients a fully underwritten loan approval before they set foot in an open house.
- Complimentary Mortgage Review: A holistic evaluation that compares clients’ existing mortgages to current market opportunities.
- A streamlined application process: Clients can track the loan online, 24/7, and will receive Status Manager alerts so they can stay apprised of the progress of their loan application.
Home loan products are made available from Embrace Home Loans in partnership with Ameriprise Bank, FSB. Further details about the home lending solutions can be found at https://aficlient.embracehomeloans.com/.
About Ameriprise Financial
At Ameriprise Financial, we have been helping people feel confident about their financial future for more than 125 years. With extensive advisory, asset management and insurance capabilities and a nationwide network of approximately 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. For more information, or to find an Ameriprise financial advisor, visit ameriprise.com.
About Ameriprise Bank, FSB
Ameriprise converted its existing limited purpose national trust bank into a federal savings bank in the second quarter of 2019 following approvals from the Office of the Comptroller of the Currency and the Federal Reserve. The newly-expanded federal savings bank offers a tailored set of banking products primarily to Ameriprise clients as part of the company’s comprehensive set of solutions.
About Embrace Home Loans
Founded in 1983, Embrace Home Loans has remained a prominent leader in the industry, having helped hundreds of thousands of individuals and their families with their residential financing goals. Additionally, Embrace has partnered with some of the nation’s premier banking institutions in supporting their mortgage operations. Embrace has been frequently recognized as one of the Best Medium-sized Companies to Work for in America, and as one of the Fastest Growing Companies in America. For more information, please visit www.embracehomeloans.com.
Equal Housing Lender
Neither Ameriprise Bank, FSB nor AFS financial advisors are authorized to give legal or tax advice. For specific legal or tax matters, clients should consult with their own legal and/or tax advisors.
Ameriprise Bank, FSB provides deposit, lending, and personal trust products and services to its customers, including clients of Ameriprise Financial Services, LLC. (“AFS”). Ameriprise Bank, FSB and AFS are subsidiaries of Ameriprise Financial, Inc. AFS financial advisors may receive compensation for selling bank products.
Ameriprise Bank, FSB provides mortgage lending products and services through a third-party partnership with Embrace Home Loans, Inc. NMLS#2184. Embrace Home Loans, Inc. is not an affiliate of Ameriprise Bank, FSB
Ameriprise Bank, FSB has partnered with Embrace Home Loans* to offer clients mortgage products and services. Ameriprise Bank, FSB is not affiliated with Embrace Home Loans and does not take mortgage applications. Ameriprise Bank, FSB may purchase and service some loans originated by Embrace Home Loans. Go to https://www.embracehomeloans.com/comingsoon for more information on our partnership with Embrace Home Loans. Ameriprise Bank, FSB does not guarantee products or services offered by Embrace Home Loans, Inc.
*Embrace Home Loans, Inc.: NMLS #2184. 24 Enterprise Center, Middletown, RI 02842. 1-800-333-3004 (toll free). www.nmlsconsumeraccess.org. Licensed in all states except Hawaii and Nevada. AZ - Mortgage Banker License #BK-0906375; CA - Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act; CO - Regulated by the Division of Real Estate, License #096162; DE - Licensed by the Delaware State Bank Commissioner, License #7317; GA - Residential Mortgage Licensee #12848; KS - Supervised Lender License #SL.0000625; MA - Mortgage Lender & Broker License #MC2184; ME - Supervised Lender License; MO - 400 Chesterfield Center, Suite #400, Chesterfield, MO 63017; MS - Licensed Mortgage Company; NJ - Licensed by the New Jersey Department of Banking and Insurance; NY - Licensed Mortgage Banker-NYS Department of Financial Services, 100 Motor Parkway, Suite 159, Hauppauge, NY 11788; OR - License #ML-3228; RI - Rhode Island Licensed Mortgage Lender & Broker; WA - Consumer Loan Company License CL-2184.
Ameriprise Financial advisors may not arrange for, promote or suggest that a client use mortgage or home equity loan proceeds to purchase securities or other investment products offered by financial advisor.
Investment products are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value.
Investment advisory products and services are made available through Ameriprise Financial Services, LLC, a registered investment adviser.
Ameriprise Bank, FSB. Member FDIC.
© 2020 Ameriprise Financial, Inc. All rights reserved.