FEMBi Mortgage

What FEMBi Mortgage does

FEMBi Mortgage (legal name First Equity Mortgage Bankers, Inc., NMLS#162197) is an independent, privately held mortgage bank founded in 1997 and headquartered in Miami, Florida. The company operates as a fully diversified residential mortgage lender, originating and refinancing purchase and refinance loans across Conforming, Non-conforming, FHA, VA, USDA/Rural, Jumbo, Reverse Mortgage, and specialty products (FHA 203k, Foreign National, FNMA HomeReady/Homestyle, FHMLC Home Possible, No-Income Investor, Bank Statement, and Credit Challenged Borrower programs). It is licensed in Florida, Alabama, Georgia, and Puerto Rico, and operates branches in Miami, Tampa, and Plantation (FL) plus Ponce and San Juan (Puerto Rico).

The technology stack is centered on Encompass by Ellie Mae as the loan origination system for processing, underwriting, secondary market, and servicing, with LoanBeam for self-employment income calculation, SureFire for CRM and automated marketing (including a 5-year, 84-touch post-closing campaign), Mortgage Returns for customer retention, Loan Toolbox for marketing automation, and IDX Broker for property listings. FEMBi also offers a direct online application portal and a native mobile application on iOS and Android. Proprietary workflow features include an in-house condo approval process, electronic closings, paperless application packages, and personalized loan officer web pages.

FEMBi generates revenue through mortgage origination fees, the interest rate spread between borrower rates and warehouse/investor pricing on loans sold into the secondary market, and ongoing loan servicing. Go-to-market is hybrid: a retail branch network of loan originators serving individual home buyers and refinancers (with a strong focus on bilingual English/Spanish service for the Hispanic/Latino market in South Florida and Puerto Rico), a consumer-direct digital channel targeting Spanish-speaking first-time homebuyers, a B2B channel program white-labeling mortgage services to over 100 credit union and community bank locations in Florida since 2008, and referral relationships with a large realtor network. With 150+ mortgage professionals (125+ per the Spanish-language About page), FEMBi is positioned as a mid-sized, founder-led regional mortgage bank rather than a national volume player.

Name

FEMBi Mortgage

Legal name

First Equity Mortgage Bankers, Inc.

Website

https://fembi.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

FEMBi Mortgage (First Equity Mortgage Bankers, Inc.) is an independent, privately held mortgage bank founded in 1997 and headquartered in Miami, FL, providing diversified residential purchase, refinance, and specialty mortgage products to consumers and credit union/bank channel partners across Florida, Puerto Rico, Alabama, and Georgia.

Ownership category

akta.pro rank

Product category

Residential Mortgage Lending

NAICS

Nondepository Credit Intermediation (5222)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Residential Mortgage Origination & Servicing (Retail) (FSABAAAD)

akta.pro secondary industries

Non-QM / Alternative Documentation Mortgage Origination (FSALAAAJ), Renovation Mortgage Origination (FHA 203(k), HomeStyle, CHOICERenovation) (FSALAAAL)

Keywords

• Residential mortgage lending
• Home purchase financing
• Mortgage refinancing loans
• FHA VA loan programs
• Reverse mortgage services

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Mortgage Origination Fees: FEMBi Mortgage generates revenue through origination fees charged on mortgage loans they originate. As a fully diversified mortgage bank, they finance purchase and refinance transactions through Conforming, Non-conforming, FHA, VA, and USDA/Rural loans.
2. Interest Rate Spread: Revenue is generated from the spread between the interest rate charged to borrowers and the rate paid to warehouse lenders or investors when loans are sold in the secondary market.
3. Loan Servicing: FEMBi services loans internally through their loan servicing team and also uses sub-servicer relationships. FNMA approved seller/servicer, approved FHA DE lender, and VA automatic lender.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels10 records

Core offering

FEMBi Mortgage is a fully diversified independent mortgage bank that originates, processes, underwrites, and services residential home loans for purchase and refinance transactions. The product portfolio spans Conforming, Non-conforming, FHA, VA, USDA/Rural, Jumbo, Reverse Mortgage, and specialty programs for self-employed, foreign national, credit-challenged, and investor borrowers. Operations are supported by in-house processing and underwriting, bilingual English/Spanish service, branch offices across South Florida and Puerto Rico, and a credit union and community bank partnership program serving over 100 Florida locations.

Product overview

FEMBi Mortgage (First Equity Mortgage Bankers, Inc.) is a fully diversified mortgage bank offering a unified platform of home financing products and services. The core product portfolio includes six primary mortgage products (FHA Loans, VA Loans, ARMs, Reverse Mortgages, 30-Year Fixed, and 15-Year Fixed) that serve as the foundation of their lending business. These are complemented by specialty products including Jumbo Loans, Foreign National Products, FHA 203k renovation financing, FNMA HomeReady/Homestyle, FHMLC Home Possible, No-Income Investor Programs, Bank Statement Programs for self-employed borrowers, and programs for credit-challenged borrowers. The company also offers digital tools (Mortgage Calculator, Document Checklist, Mortgage Glossary, FAQs, Property Search) and a mobile application to support borrowers throughout the loan process. A key differentiator is their credit union and community bank partnership program, which provides white-label mortgage services to over 100 institutional locations. The company operates through multiple branch locations in Florida and Puerto Rico with in-house loan processing, underwriting, and loan servicing capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

• FHA Loan Federal Housing Administration insured mortgage offering low down payments (as little as 3.5%), higher loan amounts, lower cash to close, and streamlined refinancing options for qualified borrowers.
• VA Loan Veterans Administration mortgage for active, non-active, and retired military personnel offering 100% financing, no private mortgage insurance, and flexible terms.
• Adjustable Rate Mortgage (ARM) Hybrid mortgage starting at a fixed rate for 3, 5, 7, or 10 years before converting to an adjustable rate, offering lower initial rates and flexible terms.
• Reverse Mortgage FHA-insured mortgage for borrowers 62 or older allowing them to convert home equity into cash without monthly mortgage payments.
• 30 Year Fixed Rate Mortgage Traditional fixed-rate mortgage with constant monthly payments over 30 years, providing payment stability for homeowners planning to stay long-term.
• 15 Year Fixed Rate Mortgage Shorter-term fixed-rate mortgage amortized over 15 years with higher monthly payments but lower total interest costs and faster equity buildup.
• Jumbo Loan Competitive jumbo loans including a 2% closing cost credit on some programs for high-value property financing.
• Foreign National Mortgage Product Proprietary foreign national mortgage product that FEMBi originates and services for non-U.S. citizen borrowers in the South Florida and Puerto Rico markets.
• FHA 203k Rehabilitation Loan FHA rehabilitation mortgage insurance program that finances both the purchase and renovation of homes needing repairs or remodeling.
• FNMA HomeReady & HomeStyle Fannie Mae programs offering low down payment options (HomeReady) and renovation financing (HomeStyle) for creditworthy borrowers.
• FHMLC Home Possible Freddie Mac affordable lending program with low down payment requirements and flexible credit guidelines.
• No-Income Investor Program Investment property financing program that does not require income verification from borrowers.
• Bank Statement Program Self-employed borrower program using 12 or 24 months of bank statements to verify income instead of traditional documentation.
• Credit Challenged Borrower Program Loan programs for borrowers with prior foreclosure, bankruptcy, or low credit scores who may not qualify for conventional financing.
• Credit Union & Community Bank Mortgage Partnership Program White-label and co-branded mortgage origination, processing, underwriting, and servicing program that enables Florida credit unions and community banks to offer mortgage products to their members/customers without building in-house mortgage infrastructure. Operational since 2008, the program supports over 100 partner locations across Florida, with assigned retail loan originators, in-house processing and underwriting, and dedicated partnership management by Ed Wilburn (EVP).

Quantifiable outcome

• Pre-approval is provided free of charge as the first step in the home buying process
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Florida Credit Unions (multiple)coreChannel Partner/ Reseller/ Distributor · 1 January 2008FEMBi Mortgage has been a valued partner of several Florida Credit Unions since 2008. FEMBi supports and services over 100 locations throughout Florida through its network of local branches and experienced Loan Originators. The partnership offers true local support with in-house processing and underwriting, providing a full suite of mortgage lending products. Team members are available by phone, electronically, and face-to-face.
• Florida Community Banks (multiple)coreChannel Partner/ Reseller/ Distributor · 1 January 2008FEMBi Mortgage has partnered with community banks in Florida since 2008, creating custom solutions that help partners increase revenue, enhance customer experience, and reduce compliance and regulatory liability. The partnership fits into organizational culture as FEMBi becomes an extension of the bank's team, exercising transparency in every detail while making the partner's client the priority.
• Fannie Mae (FNMA)coreTechnology or IntegrationFEMBi Mortgage is an FNMA approved seller/servicer, enabling the company to sell and service loans on the secondary mortgage market. This certification is a core operational requirement for a diversified mortgage bank.
• FHA (Federal Housing Administration)coreTechnology or IntegrationFEMBi Mortgage is an approved FHA DE (Direct Endorsement) lender, enabling them to underwrite FHA loans directly without prior FHA approval, streamlining the loan origination process for FHA products.
• Department of Veterans Affairs (VA)coreTechnology or IntegrationFEMBi Mortgage is a VA automatic lender, enabling streamlined origination of VA loans for eligible veterans without prior VA review of individual loan files.
• Realtor NetworkminorGTM or Marketing PartnerFEMBi partners with a large network of knowledgeable and licensed real estate agents and can refer home buyers to agents specializing in their area of interest. This referral relationship helps facilitate the home buying process end-to-end.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Others

• Rocket Mortgage:

Direct peers

• NewRez (Rithm Capital): Top-15 mortgage originator with retail and wholesale channels, full agency certifications, and specialty products. Operates a similar diversified IMB model and competes head-to-head with FEMBi in the Southeast.
• Academy Mortgage Corporation: Mid-sized independent mortgage bank with retail and wholesale channels and a diversified product offering including government and renovation loans. Comparable regional IMB peer.
• Paramount Residential Mortgage Group (PRMG): Large independent mortgage bank with retail and wholesale origination across multiple states, similar diversified product set including government and non-QM, and comparable multi-channel go-to-market including partner relationships. Closely aligned business model to FEMBi in terms of IMB structure and product breadth.
• Caliber Home Loans: Independent mortgage bank with retail, wholesale, and correspondent channels, full agency certifications, and specialty products including non-QM. Direct comparable on business model and product mix.
• Embrace Home Loans: Regional independent mortgage bank with retail, wholesale, and consumer direct channels, multiple product offerings including FHA, VA, and non-QM, and an established partner network. Comparable mid-size IMB peer for FEMBi.
• Cardinal Financial Company: Mid-sized independent mortgage bank operating in retail and wholesale channels with a diversified product menu and partner-credit-union programs. Closely comparable in scale, product breadth, and channel structure to FEMBi.
• Guaranteed Rate: Large retail-focused mortgage lender with consumer-direct digital capabilities and a wide product menu. Competes with FEMBi for retail purchase and refinance volume, especially through digital channels.

Broad incumbents

• loanDepot: Top-5 national mortgage lender operating retail, wholesale (LDWholesale), and consumer direct channels with the full suite of agency and government products. Broader incumbent that competes across FEMBi's entire footprint and product set.
• United Wholesale Mortgage (UWM): Largest wholesale mortgage lender in the US and dominant partner to independent mortgage brokers and smaller lenders. Indirect competitor to FEMBi's TPO/wholesale channel partners.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/fembimortgage
• Facebookfacebook.com/fembimiami
• LinkedInlinkedin.com/company/fembi
• Instagraminstagram.com/fembiloans
• Xx.com/fembi_mortgage

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FEMBi Mortgage