Embrace Home Loans recently opened two new offices in East Greenwich and East Providence, Rhode Island.
Mike Raffa is the branch manager for the East Greenwich location while Jared Maxwell leads the East Providence office.
Both previously served in Embrace’s Middletown, Rhode Island branch office.
“We are delighted to grow our presence in Rhode Island,” says Paul Laprade, senior vice president, regional executive with Embrace, in a release. “Mike and Jared are exceptional leaders with proven track records of building sales teams and helping borrowers and real estate agents navigate the mortgage process.”
The East Greenwich office will be adding new loan officers and processors to its current staff of six, Raffa says.
“East Greenwich is a great town with a strong sense of community, a good school system and wonderful recreational amenities,” Raffa says. “Our location on Main Street is only ten minutes from Route 95, making it a convenient location for our clients and referral partners throughout the area.”
According to Maxwell, East Providence is equally well-positioned for doing business with local homebuyers and real estate agents.
“Providence is expected to be one of the top five housing markets nationwide this year,” Maxwell says. “With South Coast Rail having expanded commuter rail access from Boston to New Bedford and Fall River, East Providence is a great place to live—plus it has a high quality of life and strong economic growth. Our branch is uniquely positioned to reach the widest range of homebuyers throughout Rhode Island and Southeastern Massachusetts.”
The East Providence branch is also looking to add loan officers to its team, Maxwell said.
Both Raffa and Maxwell say two Embrace programs have been particularly appealing to local borrowers and referral sources. Embrace’s “Property Value Certificate” lets borrowers choose to waive their appraisal contingency based on a home’s certified value. The certificate also qualifies borrowers for Embrace’s Approved to Move program, through which homebuyers can present home sellers with a fully underwritten approval, as well as its Approved to Close Backup Cash Guarantee, in which borrowers can choose to waive both the financing and appraisal contingencies and give the seller a backup cash guarantee. Details for both programs may be found here.
“With our new offices and our ongoing investments in innovative products and solutions aimed at assisting customers and real estate agents alike, Embrace is well-positioned for continued growth,” says Laprade.