Mortgage lender Embrace Home Loans has promoted Brian Gilpin to vice president of capital markets, a new division at the company's Newport, R.I.-based headquarters.
A 13-year company veteran, Gilpin has held various leadership positions with Embrace Home Loans. He joined the company as an assistant loan officer and has served as a secondary marketing associate, and most recently, he helped lead a team as an assistant vice president.
In his new role, Gilpin will be responsible for financial analysis, the setting of internal interest rates, the hedging of interest-rate risk, and the integration of risk software systems and trading nearly $3 billion of production that Embrace Home Loans closes annually.
