Amalgamated Bank, a wholly‑owned subsidiary of Amalgamated Financial Corp. (AMAL), announced on Thursday, February 5 2026 that it has entered into a partnership with Embrace Home Loans to provide residential mortgage financing for its customers. Under the agreement, the bank will refer mortgage‑seeking customers to Embrace, which will originate and service the loans through a platform tailored to the bank’s clientele.
The deal expands Amalgamated Bank’s product offering beyond its traditional commercial and trust services. Customers will gain access to a range of mortgage products, including Embrace’s proprietary “Approved to Close” program and Property Value Certificate, which can streamline the buying process and enhance customer experience. The partnership also allows Amalgamated Bank to maintain strong client relationships while leveraging Embrace’s expertise in residential lending.
By adding residential mortgage services, Amalgamated Bank can diversify its revenue mix and tap into a new customer segment. The collaboration aligns with the bank’s mission‑driven strategy of serving advocacy‑based non‑profits, labor unions, and political organizations, many of whom may seek home financing. The partnership is expected to generate referral fees and potentially increase deposit inflows from new mortgage customers, supporting the bank’s ongoing growth and digital modernization initiatives.
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