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Embrace Home Loans to Provide Home Mortgages to Amalgamated Bank's Customers

  • Embrace Home Loans has entered into an agreement with Amalgamated Bank to provide residential mortgage financing for the bank's customers.
  • Amalgamated Bank will direct customers seeking residential mortgages to Embrace, which will originate & service loans via a platform designed for the bank's clients.
  • Dennis Hardiman, CEO of Embrace, stated the partnership aims to ensure customer stability & confidence through professional service.
  • Sam Brown, chief banking officer of Amalgamated Bank, noted the deal connects clients with an experienced lender committed to ethical lending & excellent service.
  • Amalgamated Bank customers gain access to Embrace's Approved to Close program, which certifies property value & offers a $10,000 cash guarantee to sellers.
  • Customers can utilize the Property Value Certificate to waive appraisal contingencies by certifying the home's value.
  • The collaboration enables Amalgamated Bank to maintain strong client relationships while advancing its strategic focus.
  • Embrace Home Loans is a Middletown, Rhode Island-based lender licensed in 46 states & the District of Columbia.
  • Amalgamated Bank is a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) with branches in New York City, Washington D.C., San Francisco, & Boston.