Embrace, Rockland announcement partnership

NEWPORT – Embrace Home Loans last week announced a partnership with Rockland Trust to speed loan closings and improve the borrowing experience in Rhode Island and Massachusetts.
Embrace Home, headquartered in Newport, will cover Rockland Trust’s back office, underwriting and closing loans.
“By partnering with us, the bank can offer mortgages without the stress and significant costs, all while providing outstanding service by speeding loan closing,” Embrace Home said in a statement. “This will certainly increase Rockland’s competitiveness.”
The company touts its “customer-centric approach” to lending and borrowing practices.
“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 Rockland Trust’s residential lending. “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 the purchase-driven market.”
Embrace Home, a direct lender for Fannie Mae and Freddie Mac, operates in more than 40 offices in 46 states.
Independent Bank Corp., with about $6.4 billion in assets, is the holding company for Rockland Trust Co. headquartered in Massachusetts.