Community Bankers’ Bank Now Offering Embrace Home Loans’ Affinity Mortgage Solution to Community Banks

Embrace Home Loans announced that Midlothian, Virginia-based Community Bankers’ Bank (“CBB”) will offer lending services to community banks in its market area through Embrace’s Affinity Mortgage Solution (“Affinity”), a fully outsourced, private label lending program. Embrace Home Loans is 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.

CBB selected Affinity to provide community banks based in the Fifth Federal Reserve District (Virginia, West Virginia, Maryland, North Carolina, South Carolina, and the District of Columbia) a customer-centric lending program that reduces regulatory oversight and lowers operational costs. The CBB Mortgage Solution offers community banks the opportunity to devote more time and resources to core products and services, while offering a more competitive mortgage product to provide increased focus on customer relationships.

“Community Bankers’ Bank was founded to advance the growth and success of our clients and shareholders,” said Howard F. Pisons, CBB’s President and Chief Executive Officer. “With our new CBB Mortgage Solution, we’re greatly enhancing our suite of services and products. Our CBB Mortgage Solution helps community banks reduce lending costs and limit risks while adding a new dimension of personal care for consumers. We expect this new offering to be of significant value to community bankers in our market area.”

“The increased risks and costs to originate loans are forcing many community financial institutions to exit the mortgage business,” said Dennis Hardiman, CEO and founder of Embrace Home Loans. “Affinity enables community bankers in the Fifth Federal Reserve District to offer mortgage products without the associated risk and cost. In addition, by aligning with each community bank’s unique culture, we place an emphasis on establishing an emotional connection with each bank customer to provide superior service. This not only ensures customer loyalty, but will strengthen banks’ competitiveness.”

To learn more about how Embrace is uniquely positioned to provide community financial institutions with a solid mortgage solution, please call 1-800-333-3004 or email Jacqueline Weed at jweed@embracehomeloans.com.

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. For more information, please visit www.embracehomeloans.com.

About Community Bankers’ Bank

Since 1986, Community Bankers’ Bank has been a correspondent bank owned and directed by community banks in the Fifth Federal Reserve District serving needs of financial institutions. CBB does not compete against its clients for their business, but partners with them to enable their success. For more information, please visit www.cbbonline.com.