History
First Equity Mortgage Bankers, Inc., better known by its acronym, FEMBi Mortgage, began its mortgage-financing career under the name of No Equity Mortgage Company in September 1997. The company was originally founded to market and originate high loan to value residential second mortgages. With the down sizing of the over-equity loan market in 1998, and the company's expansion into the origination of government and conventional first mortgage loans, the company name evolved to its current name; FEMBi Mortgage. FEMBi Mortgage currently employs over 108 professionals, including 65 full-time loan originators. The Company maintains its main office in Miami, Florida and has several other origination and processing branch offices throughout Florida. FEMBi Mortgage has enjoyed steady and significant growth in loan production, revenue, and net income during the last ten years.
Specialties
FEMBi Mortgage is an unsupervised mortgage lender approved by the Department of Housing and Urban Development, the Department of Veteran Affairs, and the Department of Agriculture to originate FHA, VA, and Rural Housing loans, respectively. FEMBi Mortgage is also an approved