Equity Loans received approval to be a seller and servicer of one-to-four family first-lien mortgages to Fannie Mae for whole loan execution. To gain approval, Equity Loan's financial status and condition was thoroughly investigated by Fannie Mae, according to a press statement from Equity Loans.

"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 Patel, CEO of Equity Loans.