Embrace Home Loans has tapped Kurt Noyce to lead its expanded Financial Institution Services Division, the company announced.
For nearly two decades, Noyce has served as president of Embrace Home Loans. The company said he was instrumental in helping it become nearly a 1,000-employee company which produces more than $3 billion annually in mortgage originations.
“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,” Embrace CEO Dennis Hardiman said in a release. “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,” Hardiman added. “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 provides loan operation functions to banks and credit unions.
“We feel confident we have established a well-proven mortgage service for banks and are positioned to expand the channel,” Hardiman said. “Moreover, our ongoing advances to further digitalize the customer experience and the fulfillment processes that produce a mortgage will continue to strengthen the value of our service.”
The company said Hardiman will assume the role of president of Embrace Home Loans and will hold the title of CEO and president. Al Dussinger was appointed as chief operating officer.