MIDDLETOWN, R.I.--(BUSINESS WIRE)--As growth and demand continue to rise in Washington, D.C., national lender Embrace Home Loans expands its presence, adding a new branch to accommodate and connect with new buyers. The branch is located at 1001 Connecticut Ave. N.W. Ste. 405 Washington, D.C. 20036, and will be led by mortgage professional and branch manager, Margie Hennessey.
Home sales and prices continue to increase in metropolitan Washington, D.C. According to the Housing Market Update from the Metropolitan Regional Information System, home sales increased by 26.7 percent and the average price of homes sold increased by more than five percent in March of 2017 compared to March of 2016. Throughout D.C., property taxes are low, property values are high and new buyers are moving out of the suburbs and into the district.
“With this expansion, Embrace will be able to better serve homebuyers in the district and recruit expert loan officers to our team, ultimately helping us further demonstrate our reputation as a trusted and experienced lender throughout D.C.,” said Hennessey. “Our goal is to not only cultivate relationships with local real estate agents and buyers, but also to serve the diverse cultural needs of D.C. and the surrounding communities. We pride ourselves on our ability to serve a wide variety of groups, as our team is fluent in American Sign Language as well as Spanish.”
With more than 13 years in mortgage lending, Hennessey has served as mortgage professional and branch manager gaining a wealth of loyal borrowers through the purchase and refinancing processes. She is an accredited life coach, coaching her team of loan officers on how to excel in business and provide customer-centric service. In addition to her work, she is fluent in American Sign Language and a native to the American Deaf Culture.
For 34 years, Embrace Home Loans has prided itself on being a market leader by differentiating the experience it creates for its customers, clients and employees. The lender’s 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.
“With the recent increase of homebuyers in D.C., there is a need for trusted home financing solutions and Embrace’s expansion will support this increased demand for home-buying,” said Jeff McGuiness, Chief Sales Officer, Embrace Home Loans. “We are confident Margie and her team will continue to provide unparalleled service for both borrowers and real estate agents while maintaining a strong brand presence in the area. We look forward to continuing to support this market and developing relationships with local homebuyers.”
On July 24, Embrace Home Loans will be a platinum sponsor at the Greater Capital Area Association of Realtors® (GCAAR) Realtor Fest annual convention. The event will be held at Marriott Marquis in Washington, D.C. Embrace Home Loans will be the main underwriting sponsor, and the event will include a silent charity auction. All proceeds will go to support nonprofits in Washington, D.C. committed to providing housing-related services to individuals and families in the community.
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.