Equity Loans LLC Secures Fannie Mae First Lien Mortgage Approval for Whole Loan Execution

ATLANTA--(BUSINESS WIRE)--Equity Loans LLC, a leader in the residential mortgage industry whose operations extend to more than 30 states, announced it has received approval as a seller/servicer of one-to-four family first lien mortgages to Fannie Mae for whole loan execution, further enhancing the lender’s product offering and benefits for borrowers.

“Equity Loans has one of the most diverse portfolios of loan products in the residential mortgage industry, and the ability to sell whole loans to Fannie Mae gives us a greater opportunity to help even more borrowers achieve their dreams of homeownership”

In securing Fannie Mae approval, Equity Loans’ financial condition, organization, staffing, experience and written processes and procedures were carefully vetted and tested by Fannie Mae. As a result, Equity Loans is now approved to sell mortgages for delivery to the government sponsored entity (GSE).

Equity Loans adds its Fannie Mae approval to its existing industry certifications and memberships, including: Better Business Bureau Accreditation; Community Mortgage Lenders of America; Lenders One; Mortgage Bankers Association; and the National Reverse Mortgage Lenders Association.

“Equity Loans has one of the most diverse portfolios of loan products in the residential mortgage industry, and the ability to sell whole loans to Fannie Mae gives us a greater opportunity to help even more borrowers achieve their dreams of homeownership,” said Kunjan “KP” Patel, CEO of Equity Loans. “We’re looking forward to a successful and long-standing relationship with Fannie Mae.”

About Equity Loans

Equity Loans LLC is a leader in the residential mortgage industry whose operations extend to more than 30 states. Headquartered in Atlanta, Ga., Equity Loans provides a full array of lending resources when making Conventional, FHA, VA, Jumbo, Reverse Mortgages and USDA loans. With a dedicated staff of experienced professionals, Equity Loans provides exceptional pricing for thousands of clients annually, without compromising follow through and customer service. For more information on Equity Loans, please visit http://www.equityloans.com.