Equity Loans Enters Wholesale Market, Adds Kingsley Kodan As SVP Of Sales

In an effort to leverage alternate channels and build a stronger foundation for future operations, Atlanta-based residential mortgage provider Equity Loans LLC has reportedly expanded into the wholesale market.

The lender reports that it now has wholesale licensing in more than 25 states. The company is also in the process of establishing a dedicated wholesale team to eliminate internal bandwidth issues. This includes the addition of Kingsley Kodan, previously with National Fidelity Mortgage, to serve as senior vice president of sales.

Prior to working for National Fidelity Mortgage, Kodan held various business development and sales positions with Franklin American Mortgage Co., First Residential Mortgage Services Corp. and Carteret Mortgage Corp., according to a press release.

Kunjan "KP" Patel, CEO of Equity Loans, said the expansion into wholesale will allow the company ‘to offer borrowers an abundance of flexible options, as well as open up new market opportunities for the future.’

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