NEWPORT, R.I.--(BUSINESS WIRE)--Embrace Home Loans today announced that Rockland, Mass.-based Rockland Trust, a $6.4 billion asset institution with nearly 80 branches across Massachusetts, has partnered with the mortgage lender to expand its lending operations. 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.
Through the partnership, Embrace Home Loans will process, underwrite and close loans originated by Rockland Trust, enabling the Massachusetts bank to increase its competitiveness as the demand for home financing grows. By leveraging Embrace’s more than 30 years of proven lending experience, Rockland Trust will significantly speed loan closings, improving the borrower experience. In addition, the bank will now offer USDA and VA loans to consumers across Eastern Massachusetts and Rhode Island.
Unlike other outsourced solutions, Rockland Trust will benefit from Embrace’s customer-centric approach to lending, as well as its superior technology. Borrowers will have access to a unique customer portal where both the loan officer and borrower will see real-time progress. Furthermore, Rockland Trust’s customers will be able to electronically sign important loan documents – an added convenience in an increasingly digital world.
“At Rockland Trust, we strive to offer our community the very best in financial products and services,” said Armando Carvalho, senior vice president and director of Residential Lending at Rockland Trust. “By partnering with Embrace Home Loans, we’re able to expand our mortgage offering and provide a better experience to borrowers – critical as the demand for home financing continues to grow and we shift to a purchase-driven market.”
According to Rockland Trust, one of the primary factors for selecting Embrace was its culture. “It was important that our partner not only be able to expertly process loans quickly and position our bank competitively within the marketplace, but also share our values,” said Carvalho. “Embrace is dedicated to its community, customers and employees, and this is vital to providing exceptional service and sustaining long-term growth.”
“With more than 100 years of rich history, Rockland Trust is one of few financial institutions leading the industry in providing consumers with high-value mortgage products coupled with superior service,” said Dennis Hardiman, CEO and founder of Embrace Home Loans. “By partnering with us, the bank can offer mortgages without the stress and significant costs, all while providing outstanding service by speeding loan closings. This will certainly increase Rockland’s competitiveness.”
To learn more about how Embrace is uniquely positioned to provide financial institutions with a solid mortgage solution, please call 1-800-333-3004 or email Jacqueline Weed at jweed@embracehomeloans.com.
About Rockland Trust Company
Independent Bank Corp. has approximately $6.4 billion in assets and is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust offers a wide range of banking, investment, and insurance services to businesses and individuals through retail branches, commercial lending offices, investment management offices, and residential lending centers located in Eastern Massachusetts and Rhode Island, as well as through telephone banking, mobile banking, and the Internet. Rockland Trust, which was named to Sandler 2014 Sm-All Stars list of top performing small-cap banks and thrifts in the country, is an FDIC Member and an Equal Housing Lender. To find out why Rockland Trust is the bank “Where Each Relationship Matters ®”, please visit www.rocklandtrust.com.
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. Operating 40+ offices across 46 states, Embrace has been recognized seven times as one of the Best Medium-sized Companies to Work for in America by Fortune, four times as one of the Fastest Growing Companies in America by Inc., and recognized as the Most Community Involved Company in Rhode Island by Providence Business News. For more information, please visit www.embracehomeloans.com.
