MIDDLETOWN, R.I.--(BUSINESS WIRE)--National lender Embrace Home Loans announced that it has opened a new branch in Rhode Island, located at 935 Jefferson Blvd, Ste. 3003 in Warwick. The new location will be managed by branch manager Michelle Solomon.
According to a release from the Rhode Island Association of Realtors®, 2016 was the year when the state’s housing market firmly reestablished its footing. Last year, Rhode Island saw record home sales, with 11,038 single-family homes sold, a 12.4 percent increase from 2015. Additionally, home prices rose 6.6 percent with the vast majority of homeowners regaining the home equity lost during the housing market crash.
“With an improving economy and increased buying activity, we felt we needed to increase our presence in Rhode Island,” said Solomon. “By being more centrally located, we’ll be able to better serve both our borrowers and referral partners across the state, as well as the surrounding communities, including Massachusetts and Connecticut.”
Solomon has nearly 20 years of mortgage banking experience. Prior to joining the Embrace Home Loans team, she was a producing branch manager at Poli Mortgage Group, overseeing sales, training and coaching her sales staff, and managing the day-to-day events and challenges. Solomon’s successful career stems from her excellent customer service, extensive loan program knowledge as well as the respect and guidance she provides her team of dedicated loan officers. She is an active member of several professional and community associations, such as the National Association of Professional Woman, Business Networking International and her local Chamber of Commerce.
“Embrace has a long history in Rhode Island and expanding into this office was a natural decision for us,” said Jeff McGuiness, Chief Sales Officer, Embrace Home Loans. “As more individuals and families find themselves ready to buy their first or next home, we aim to support them on this journey through our superior service that we’re known for. We look forward to Michelle and her team taking us to the next level.”
In its 34th year, Embrace Home Loans has prided itself on being a market leader by differentiating the experience it creates for its customers, clients and employees. Its unique approach has resulted in industry-leading customer satisfaction scores, several national and state employer-of-choice awards, and a doubling of the company’s sales force in the last few years.
On Thursday, May 4, Embrace Home Loans will host a grand opening and open house at the new branch. Beer, wine and hors d’oeuvres will be served, and guests will have an opportunity to network and meet the Warwick team. Additionally, in conjunction with National Bike Month in May, Embrace will raffle a customized bike. The lender will also make a donation to Camp Ruggles on behalf of each attendee. Camp Ruggles is Rhode Island’s only day camp program for children diagnosed with emotional and behavioral disabilities.
About Embrace Home Loans
Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac, approved by FHA and 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. With 80+ offices and 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 eleven times as one of the Best Places to Work in Rhode Island and as the Most Community Involved Company in Rhode Island by Providence Business News. For more information, please visit www.embracehomeloans.com.