Noyce moves to the role after serving as president of the company for the last 18 years. Dennis Hardiman, currently CEO of the company, will assume the role of president and will hold the title of CEO and president. Al Dussinger, Embrace’s CTO for 22 years, has been appointed to COO.
“We believe the services we provide banks allow banks to scale a variety of challenges they face today in providing their customers a highly satisfying mortgage loan experience and originate mortgages profitably,” Hardiman said. “Banks are frustrated by the difficulties they face in providing mortgages for their customers, and this has caused a growing number of banks to stop offering them. We see there to be a sizable growth opportunity for us with helping banks be successful with furnishing mortgages to their customers and respond to the digitalization of mortgages which is taking place. We need a proven leader and mortgage professional
to guide this effort for us, and there is none better than Kurt for the task.”
Embrace Home Loans said that financial institutions that it supported saw volume growth in 2016 from the prior year double that of the 16% national average according to the Mortgage Bankers Association. The company also said that institutions it supported received favorable regulatory and internal audit examinations, evidencing Embrace Home Loans’ adherence to regulatory guidelines.
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Embrace Home Loans has appointed Kurt Noyce to lead its expanded financial institution services division.