contents Success Technology Leadership Incentive Vision & Values Benefits Community Comfort Financial Testimonials Experience Locations Products Branch Managers Licensing 2012 Additions Personal Growth Online MarketingThis recruitment package is neither a legal compensation document not anagreement for employment. If there are any conflicts between the informationpresented here and other internal documents, the internal documents will govern.Embrace reserves the right to change or terminate compensation, benefit plans, andcontests at its discretion.
embrace success For over 30 years, Embrace Home Loans has been a trusted leader in the mortgage industry. Headquartered in scenic Newport, Rhode Island, with 18 retail branch offices nationwide, Embrace currently employs 600 people doing business across 46 states. We know that success in the 21st century requires incomparable customer service and exceptional products. That differentiation in a competitive marketplace demands the ability to leverage technology, and utilize innovative marketing techniques. But at Embrace Home Loans we realize that to be truly successful, to really stand out, requires an investment in our most valuable resource, our people. Embrace maintains an atmosphere where employee appreciation, growth and accountability are its core values. In these turbulent times, these values have allowed us not only to survive, but to flourish. Rhode Islandcareers.embracehomeloans.com
embrace leadership Cary Reines, Retail Sales Director – Since 2009, Cary Reines has successfully lead the Embrace Home Loans retail division; overseeing sales and origination activities of the platform. Spanning over 20 offices along the East Coast and Mid-Atlantic Regions, Reines’ platform contains roughly 190 mortgage professionals. Reines enjoys investing in the company’s greatest asset, its people, and this has attributed to the success and growth of the platform. His “hands on” management approach provides the tools necessary to cultivate managers into knowledgeable leaders as well as great coaches. This methodology of “giving-first” has rendered a 98% positive customer referral rating as well as an increase of 40% in closed volume over the last three years. Kenny Kasnett, Executive Vice President – Kenny Kasnett has been instrumental with the growth initiative and continual development of our retail platform by opening several new retail offices within the last two years. His experience and networking acumen partnered with Embrace’s core values, many strengths, and commitment to sustained growth has positioned the platform for rapid expansion. Kasnett prides himself on his ability to identify individuals that aspire to shape the mortgage industry and in particular Embrace’s retail platform.careers.embracehomeloans.com
embrace vision & values To be a leader in… Providing an honoring customer experience The professional and personal development of each other Utilizing corporate resources to help our neighbor Financial performance of our industry Honor all customers as our guests Invest in the professional and personal development of each other Operating Embrace as a family that cares, and is generous toward our neighbor Practicing the highest ethical conduct Doing what’s best for Embrace, today & tomorrow Be eager to learn and open to coaching Encouraging and rewarding initiative, both large and small Constant and never-ending improvement Protecting the downside Sharing knowledge and invoking responsibility Sharing the wealthcareers.embracehomeloans.com
embrace community Embrace is committed to the communities where employees and customers reside. A significant portion of pre-tax profits is distributed to charity each month. Over the past 5 years we have donated more than $15 million to charitable causes. Embrace matches 100% of eligible employee charitable donations of $25 or more, up to $2,500 per calendar year, and employees are encouraged to take up to 100 paid hours off to volunteer for a charitable organization. Embrace matches each volunteer hour with a $10 donation to the qualified charitable organization. Here is a brief list of charities we donated to over the course of last year: Cool Kids Campaign Hurricane Sandy Relief Foundation Families of Newtown, CT St. Ann’s Infant and Maternity Home The Treatment and Learning Center Child Advocacy Center Wounded Warriors Foundation EquiKidscareers.embracehomeloans.com
embrace financial strengthEmbrace Home Loans’ financialposition is strong. We regularlyreinvest to strengthen ourinfrastructure, exercisedisciplined cost-managementpractices, and created a solidcash foundation. Ourcommitted banking andfinancing relationships allow uscompetitive advantages in themarketplace.We have the ability to adaptquickly to shifts in investor andconsumer demand. During thepast 5 years, Embrace virtuallymaintained its’ overallproduction volume, making2012 our 13th profitable year ina row, a truly remarkableaccomplishment in our industry. Figures above in billionscareers.embracehomeloans.com
embrace experience The benefit of working with a company that has been in business for more than 28 years: • Access to competitive rates • Advanced technology keeping everyone informed 24/7 • Customer service that earns us an A+ rating with the Better Business Bureau • Loan application processing in the branch • One of the industry’s fastest average closing times—as little as 14 dayscareers.embracehomeloans.com
embrace products In 2012, Embrace originated more than $3.7 billion in loans, as a result of an aggressive growth strategy. We are approved Seller/Servicer for both Fannie Mae and Freddie Mac, HUD and Ginnie Mae approved, and an active member in the Mortgage Bankers Association (MBA), the Direct Marketing Association (DMA), and the FNMA Regional Advisory Council. In 2012 Embrace ranked #9 in the list of top FHA Lenders. Overview Licensed in 46 states nationwide 98% positive customer referral rating Loans close in as little as 14 days All loans approved in-house Conforming Libor 3/1 caps 2-2-6 Conforming Libor 5/1 caps 5-2-5 Conforming Libor 7/1 caps 5-2-5 Conforming Fixed (10/15/20/25/ or 30yrs) Conforming Refi Plus Expanded Approval Refi FHA Fixed FHA Streamline Fixed HomePath® FHA 203(k) Streamline Loan FNMA Expanded Level 1 Freddie Mac A- Jumbo Libor 10/1 Jumbo Libor 3/1 Jumbo Libor 5/1 Jumbo Libor 7/1 Jumbo Fixed VA Fixed VA IRRL USDAcareers.embracehomeloans.com
embrace licensing Our licensing department will work closely with new hires to identify and address individual needs, by ensuring that application paperwork is accurate and new hires are well prepared for each licensing exam. Additional assistance includes: • Step by step direction for those without NMLS number • Providing study materials for exams • Scheduling tests • Email notification of updates to licensing requirements • Continuing educational instruction and assistance with renewalscareers.embracehomeloans.com
embrace personal/professional growth As part of our corporate vision to Invest in the professional and personal development of each other, Embrace has team of people that provides sales coaching and continuous training. Each employee has access to our internal University for continued education.careers.embracehomeloans.com
embrace marketing Our in-house Creative Services team includes copywriting and graphic design in support of a growing portfolio of strong branded materials. • Online promotional item and collateral material ordering system • Co-branded marketing materials • Rapid turnaround on requests • Social media marketing support • Onsite trade show support • Personalized bio page, announcements, and PR • Earned marketing dollarscareers.embracehomeloans.com
embrace technology • Real-time web based updates for borrower status • 24/7 access to Loan Origination System • Apply online via long application on dedicated Loan Officer bio page • Loan status updates via email notification • Access to email anywhere via remote web access and cellular phone • Price and place your loan with daily rate sheet and lock through Empower • Extensive Intranet for access to internal company information Personalized Customer website with document downloadscareers.embracehomeloans.com
embrace incentive • Attractive commission plan • Aggressive start-up packages for both Branch Manager’s and Loan Officer’s • Standard bi-weekly draw for Loan Officers Miscellaneous Incentives (rules apply for programs below): • Start-up Commission • President’s Club • Loan Officer Referral Program • Quarterly & Annual Sales Bonus Program • Opportunity to earn marketing dollars for Loan Officer’s • Branch Marketing budget for Branch Managerscareers.embracehomeloans.com
embrace benefits •Medical Coverage •Group Term Life • (Blue Cross/Blue Shield) •Optional Life Insurance •Dental Coverage •401(k) Retirement Plan • (Delta Dental) •Stock Appreciation Rights Plan •Flexible Benefits Plan •Employee Assistance •Short & Long Term Disability •Work/Life Solutions •Adoption Assistance •Paid Time Off •Matching Gifts •Paid Holidays •Volunteer Program •Fitness Reimbursement •Marketing Dollars Earned •Teammate Referral Programcareers.embracehomeloans.com
embrace comfort Your comfort is our priority! In an effort to make our company a more enjoyable and comfortable place to work, Embrace has adopted a Business Casual Dress policy. This means that you may wear casual business wear each day of the week. Business Casual Dress means clothing that is appropriate for an office environment. It is a way to be free of the constraints of regular business attire, such as neck ties, suits, dresses and high heels, while still looking neat and professional.careers.embracehomeloans.com
testimonial “Cary hired me in August 2009 from a company that I had worked with for ten years. I never had any intentions on leaving my former company, however, Cary presented a work environment that was too hard to pass up. I have never worked with a more genuine group of people and I have Cary to thank for bringing me aboard. The company is much more than I ever dreamed of and Cary is very responsible for the environment we have here. He truly leads by example and walks the walk.” Mike Easterly, Branch Manager, Embrace Home Loans “Cary has been a tremendous help in the many challenges that continue to mold our industry” Joe Beacher, Vice President/Branch Manager, Embrace Home Loanscareers.embracehomeloans.com
testimonial “Some people just strive to make a difference – that’s Kenny; whether it’s a difference for you, your life, or your business. Kenny is not only a diligent and astute business person with proven results – that’s a given. Kenny is deeper; he cares about the people within the business, which is rare territory in business and especially the lending business. Regardless of the business relationship; whether customer, supplier, associate, supervisor, I would recommend Kenny Kasnett. I know I’m not the only one, as Kenny is surrounded by long-time loyal colleagues -which again, is a rarity in the industry.” David Ratti, Branch Manager, Embrace Home Loans “Working with Kenny for the last 10 years his given me the privilege of highly recommending him. I can personally attest to his strong character, extensive knowledge, and warm heart. Kenny is a leader in the mortgage industry, and I am proud to be on his team. I look forward to many years to come with Kenny as his recruiting efforts are applied to the growth of Embrace Home Loans.” Tim Higgins, Branch Manager/Vice President, Embrace Home Loanscareers.embracehomeloans.com
embrace locations Retail Offices Desk Rentals •Lewes, DE •Annapolis, MD •Wilmington, DE •Ellicott City, MD •Atlanta, GA •Blacksburg, VA •Maitland, FL •Dublin, VA •Tampa, FL •Roanoke, VA •Louisville, KY •Wilmington, DE •Annapolis, MD •Bethesda, MD •Frederick, MD •La Plata, MD •Rockville, MD •Sandy Spring, MD •Timonium, MD •St. Louis, MO •Bedminster, NJ* •Culpeper, VA •Fairfax, VA •Lynchburg, VA •Salem, VA * Indicates opening sooncareers.embracehomeloans.com Embrace lends in 46 states
retail managers Cary Reines - EVP Kenny Kasnett - EVP Jenn Murphy - AVP John Barbato Joseph Beacher Jeff Kaune Branch Manager VP/Branch Manager Branch Manager Lewes, DE Wilmington, DE Saint Louis, MOJane Williams Tim Higgins Gil Lunsford Carol Coleman Mike Easterly Billy WoolridgeVP/Branch Manager VP/Branch Manager VP/Branch Manager Branch Manager Branch Manager Branch ManagerAnnapolis, MD Rockville, MD Fairfax, VA Culpeper, VA Salem, VA Lynchburg, VAcareers.embracehomeloans.com
retail managers David Ratti Frank Nesbit Vance McGhee Greg Peele Branch Manager Branch Manager Branch Manager VP/Branch Manager Timonium, MD La Plata, MD Atlanta, GA Maitland, FLPhoto(s) Missing:Catherine MauldinRetail Administration AssistantDan GlaskeyBranch Manager, Bedminster NJTom Trott Jr.Branch Manager, Frederick MDcareers.embracehomeloans.com
2012 embrace additionsQuin Bernhardt - joined the Embrace Home Loans family as theBranch Manager of our Louisville, KY retail branch. He has beenin the mortgage/ finance business as a Sales Manager for years;working for Fifth Third Bank, PHH Mortgage and StonegateMortgage. Quin has received recognition for being a perennial topproducer from each of his past employers as well as from theMortgage Bankers Association. He is currently serving asPresident of Metro Louisville Networking and was the pastPresident of Mortgage Bankers Association of Louisville. Marcos Sanchez - joined the Embrace Home Loans family with nearly 20 years of experience in the mortgage banking industry. Prior to joining Embrace, Marcos managed a branch for Corridor Mortgage Group with 7 Loan Officers. In 2010 & 2011, his office ranked # 2 in production companywide with loan production exceeding $7 million per month on average. In addition to his Branch Manager duties, Marcos averages more than $15 million per year of personal production. Marcos also worked for Access National Mortgage as an area manager for close to 5 years, RBC Mortgage as a partner in the Mid Atlantic Division for 7 years, and Harbor Financial Mortgage Corporation as the Secondary Marketing Manager for nearly 5 years.
2012 embrace additionsTony Scardelletti- joined the Embrace Home Loans family as aBranch Manager for our Bethesda Maryland location. Being in thebusiness for over 16 years has allowed Tony to become an expertin his field. Prior to Embrace, Anthony was a partner atWashington Capitol Financial Corporation as well as the owner ofhis mortgage company. He is an active member of the MarylandMortgage Brokers Association.
embrace onlineembrace onlinewww.embracehomeloans.comembrace social mediaBecome a Fan on Facebook at www.facebook.com/embracehomeloansFollow us on Twitter at www.twitter.com/embraceretailCheck out our LinkedIn profile at www.linkedin.com/companies/712074Subscribe to us on YouTube at www.youtube.com/user/EmbraceHomeLoansRead our blog at http://embracecary.wordpress.com/