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$500 million McCoy Federal Credit Union partners with national lender Embrace Home Loans to expand mortgage offering

NEWPORT, RI (April 19, 2016) — 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, today announced a partnership with Orlando, Fla.-based McCoy Federal Credit Union (McCoy FCU). As part of the partnership, McCoy FCU will now offer its more than 58,000 members home financing through Embrace’s Affinity Mortgage Solution.

Affinity is a simple and risk-free lending program that offers FHA, VA and USDA residential mortgages. As a private label, outsourced program, Affinity removes all regulatory oversight from McCoy FCU while managing the credit union’s brand and cross-sell opportunities. Additionally, Affinity supports Embrace’s customer-centric approach to lending, allowing McCoy FCU to remain a community and business-minded institution.

“Our vision at McCoy Federal Credit Union is to provide financial services beyond our members’ expectations,” said Basil Buchanan, VP of Lending at McCoy Federal Credit Union. “Working with Embrace Home Loans ensures we continue to deliver on our commitment by now offering home financing products to our members. With a New Year on the horizon and a housing market that continues to strengthen, we look forward to this partnership.”

Serving the Orlando community since 1954, McCoy FCU pledges to provide members with a wide range of affordable financial products matched by exceptional service. To maintain that commitment, Embrace’s Affinity solution will enable them to now provide mortgage products, including FHA, VA and conventional loans.

Embrace prides itself on its innovative, customer-centric approach to lending. By incorporating emotional connection and superior service, the lender serves its customers in a way that aligns with their culture. Embrace Home Loans’ unique system for processing and underwriting, expediting document collection and setting a 24-hour turnaround for underwriting, as well as programs like Approved to MoveTM, which enables borrowers to close in seven days, along with its human sigma customer engagement approach, ensures a 98 percent customer satisfaction rating based on customer surveys.

“While the economy continues to recover, unemployment is falling and more people are working – a good sign for the housing market,” said Dennis Hardiman, CEO and founder of Embrace Home Loans. “For institutions like McCoy FCU, this is the perfect time to expand their product offering to meet their members’ home-financing needs, and we’re excited to help them do that. Embrace has been a leading full-service direct mortgage lender for more than 30 years – and for good reason. With our industry knowledge and customer-centric approach, McCoy will not only strengthen its existing business but position itself for future growth.”

To learn more about how Embrace is uniquely positioned to provide community banks and credit unions with a solid mortgage solution, please call 1-800-333-3004.


About McCoy Federal Credit Union

McCoy Federal Credit Union provides financial services that are built on trust and honesty. Established in 1954 as the Pine Castle Air Force Base Federal Credit Union, it has been a part of the Orlando, Fla. community for more than 60 years. The credit union has more than 58,000 members and 13 branch locations making it one of the largest credit unions in Central Florida. For more information, please visit www.mccoyfcu.org, on Facebook at www.facebook.com/mccoyfcu, on Twitter at @McCoyFCU, or on LinkedIn at www.linkedin.com/company/mccoy-federal-credit-union.

About Embrace Home Loans

Founded in 1983, Embrace Home Loans is a direct lender for Fannie Mae and Freddie Mac, approved by FHA and 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. Operating 40+ offices across 46 states, Embrace has been recognized seven times as one of the Best Medium-sized Companies to Work for in America by Fortune, four times as one of the Fastest Growing Companies in America by Inc., and recognized as the Most Community Involved Company in Rhode Island by Providence Business News. For more information, please visit www.embracehomeloans.com.

Contacts

407-855-5452
888-584-7701

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