Atlanta-based mortgage banker Equity Loans says it has changed its name to Equity Prime Mortgage to reflect its recent expansion into the wholesale and correspondent lending markets, as well as plans for future growth.
Equity Prime Mortgage is licensed in 41 states and will continue to operate as Equity Home Capital in New York.
‘While the name Equity Loans has served us well, the transformation to Equity Prime Mortgage was sparked by our company's expansion into new markets and our plans for the future, as we want our name to reflect that change and new divisions of the company,’ says Kunjan ‘KP’ Patel, CEO.
Equity Loans was established in 2008 and entered the wholesale market in June 2013, and the correspondent lending market in December 2013.