NEWPORT, R.I.--(BUSINESS WIRE)--Embrace Home Loans, 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, has promoted Brian Gilpin as vice president of capital markets, a new division at the Newport, R.I.-based headquarters.
A 13-year company veteran, Gilpin has held various leadership positions with Embrace Home Loans. He began his career with the company as an assistant loan officer, and quickly was promoted to a secondary marketing associate. Most recently, Gilpin helped lead a team as an assistant vice president. A seasoned professional and member of the Mortgage Brokers Association, Gilpin has now been promoted to vice president, charged with launching and expanding the company’s new capital markets division.
In this role, Gilpin will be responsible for financial analysis, setting internal interest rates, hedging interest rate risk, and the integration of risk software systems and trading nearly $3 billion of production that Embrace Home Loans closes annually. Gilpin will manage a team of three strong analysts and two traders, manage banking relationships with three of the largest banks in the nation, be responsible for developing relationships with Wall Street partners and provide financial insight to the president, chief financial officer and treasurer of Embrace Home Loans.
“We are very pleased to have Brian head up our capital markets division,” said Dennis Hardiman, CEO and founder of Embrace Home Loans. “His years of experience with Embrace Home Loans are an asset to our company and its continued growth. Brian has extensive knowledge of the industry and Embrace, and his leadership skills will prove invaluable in this role. Our new division will focus on the continued growth of the company along with its financial insight, and I am confident Brian will lead this new division and Embrace to a successful future.”
About Embrace Home Loans
Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac, approved by HUD to make FHA insured loans, approved for 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. For more information, visit the company’s website at www.embracehomeloans.com or follow them on Twitter and Facebook.