Embrace Promotes New President

Former SVP Ryan Hardiman promoted to oversee growth and customer satisfaction initiatives

Ryan “Buddy” Hardiman, President, Embrace Home Loans

Middletown, Rhode Island-based mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman from SVP of Retail and Direct Sales to President. In his new role as President, Hardiman will oversee the company’s lending operations and fulfillment areas, as well as continue to head Embrace’s Financial Services Division.

Hardiman joined Embrace Home Loans in 2008 as a Project Manager. He held various roles before being promoted to VP of Sales Strategy and Recruiting in 2016, and SVP of Retail and Direct Sales in 2019.

“Buddy’s promotion reflects his hard work and exceptional contributions to Embrace,” said Embrace Home Loans CEO Dennis Hardiman. “His leadership in building a top-tier sales force, achieving outstanding results in data analytics, and enhancing the borrower experience speak for themselves. We’re confident in Buddy’s ability to drive our company’s continued success.”

Licensed in all 50 states and the District of Columbia, Embrace Home Loans has been recognized seven times as one of the “Best Medium-Sized Companies to Work for in America” by Fortune, and as one of the “Fastest Growing Companies in America” by Inc. The company has also been recognized 17 times as one of the “Best Places to Work in Rhode Island,” as the “Most Community Involved Company in Rhode Island,” and with the Leadership Excellence Award by Providence Business News.

“I’m genuinely thrilled for this new opportunity,” Hardiman said. “We have an outstanding team at Embrace, and I’m looking forward to contributing to our growth and our community-focused initiatives. It’s a great honor, and I’m eager to lead us into this new chapter.”

Embrace Home Loans also recently announced that Alvaro Loureiro has been hired as Branch Manager of the company’s Tampa, Florida office. Loureiro and his team will continue to originate loans on existing homes as well as new construction homes. Originally from Brazil, Loureiro is multilingual—he speaks Portuguese, Spanish, and Italian—and has assembled a culturally diverse team able to serve a range of consumers, including those from different backgrounds and ethnicities who prefer to communicate in their native language.

Loureiro has more than 18 years of mortgage banking experience. Prior to joining Embrace, he was a producing branch manager at Homeowners Financial Group USA LLC. Previously, he served in sales manager and mortgage banking roles at New Penn Financial LLC, Fifth Third Bank, and Manhattan Mortgage Corporation.

“We’re delighted to welcome Alvaro to our team as head of our Tampa branch,” said Jason Will, SVP of Growth and Southeast Regional Executive at Embrace Home Loans. “His charisma, energy, drive and team spirit make him a fantastic leader, as well as a top-performing producer. Alvaro is known for providing personalized attention and for his ability to communicate with non-English speaking borrowers, which is in high demand in the Tampa area.”

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Eric C. Peck

Eric C. Peck

Eric C. Peck has 25-plus years’ experience covering the mortgage industry, most recently serving as Editor-in-Chief for National Mortgage Professional Magazine. He graduated from the New York Institute of Technology, where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books, and has served as Copy Editor for Entrepreneur.com.
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