Commerce Bank in Mass. to Offer Loans Through Embrace
Commerce Bank in Worcester, Mass., has agreed to offer home financing through Embrace Affinity Mortgage Solution, an outsourced provider of residential mortgages.
The bank will offer conventional, FHA, VA and USDA residential mortgages under the brand Commerce Bank Mortgage Solutions.
Embrace will assume regulatory responsibility for the loans. The company, which is based in Newport, R.I., will also manage customer support.
"We are proud to be affiliated with Embrace, and to be able to make their wide array of high-quality mortgage products and services available to our customers for their home financing needs," said Brian W. Thompson, the bank's president and chief executive, in a press release Monday.
Commerce Bank has approximately $2 billion in assets and operates 16 offices throughout Massachusetts.