Local Businesses Detail
Pompano Beach, FL, 33069
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.
In early 1999, FEMBi Mortgage expanded its lending operations to Puerto Rico and is currently the exclusive on-site lender at numerous residential developments, including every new development of the largest builder in Puerto Rico. In Florida, FEMBi Mortgage has established business relations with numerous other homebuilders throughout the state and is the preferred lender for several of them. In 2006 the company received the 2006 Mortgage Lender of the Year Award by the Builders Association of South Florida. FEMBi Mortgage is also a member on the board of directors of the Latin Builders Association, arguably the most influential trade association in Florida