About Us

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 late 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. The company is extremely active and well positioned in the Puerto Rico Home Builders Association and 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.   

Since inception, FEMBi Mortgage has made substantial investments and a concerted effort to provide the underserved Hispanic market with affordable home financing options.  All marketing, advertising, and information literature is printed in English and Spanish.  Furthermore, at least one fluent Spanish speaker is employed at every position in each office in order to answer questions and to help make the home buying experience as stress-free as possible for Spanish speaking families. Marketing to this segment has been through a combination of consistent print advertisements in the local newspapers and in Hispanic-targeted monthly journals and publications, through TV and radio advertisements on Hispanic stations and through multiple live 30-minute radio segments every week on every major Hispanic radio station in Florida.   

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 "Seller/Servicer" of Fannie Mae and Ginnie Mae, and has delegated underwriting privileges with the nation’s largest institutional investors.  The company has over $75,000,000 in available lines of credit to fund its loan production. 

In their yearly rankings of the Top 500 Hispanic owned businesses in the United States, Hispanic Business ranks FEMBi Mortgage in the top 5% of the nation based on gross revenues.  In addition, South Florida CEO and The South Florida Business Journal list FEMBi Mortgage as one of the TOP 100 Private Companies and TOP 100 Fastest Growing Companies.  Caribbean Business also lists FEMBi Mortgage as the largest privately held mortgage bank in Puerto Rico.   

FEMBi Mortgage currently employs over 86 professionals, including 36 full-time loan originators.  The Company maintains two main processing offices: one in South Miami, Florida, and one in San Juan, Puerto Rico, but also has several smaller origination centers throughout Florida and Puerto Rico.  FEMBi Mortgage has enjoyed steady and significant growth in loan production, revenue, and net income during the last ten years.

Although the last couple years have been extremely challenging for mortgage lenders throughout the country, FEMBi Mortgage is a well capitalized direct mortgage lender and we will be financing our clients' home purchases and refinances for years to come.