The History of Equity Resources


Ed Rizor began Equity Resources in 1993. He had a vision that people deserve a mortgage company that thinks and acts like a Service Company, not a big bank or finance company. The first office was opened in Newark. Ohio in May 1993. In January 1994, Equity Resources opened its first office in Pennsylvania under the DBA Pennsylvania Equity Resources.

As business increased and more lender programs were added, Ed hired his first Ohio employee in March 1994, Kelly Maltby Welch. Kelly brought several years of banking experience with her when she relocated from Cleveland to Newark and began with the company as a loan officer. Equity Resources incorporated in June 1994 and is now Equity Resources, Inc.

Beginning in January 1995, hiring was increased in Ohio by adding additional loan officers and loan processors. Equity Resources moved to larger office space on the 3rd floor of the historic Courthouse Center building to accommodate the increase in production. In 2002, Ed and Tracy Rizor purchased the Courthouse Center building and it remains our corporate office today.

Who We Are Today

Equity Resources is an approved seller/servicer with Fannie Mae, Freddie Mac, and Ginnie Mae. Current licensing includes 20 states plus Washington D.C, along with 20 branch offices located in Connecticut, Florida, Maryland, Michigan, Massachusetts, North Carolina, Ohio, Pennsylvania, South Carolina, and Virginia. Equity Resources offers Conventional, Jumbo, FHA, VA, USDA, Construction and Renovation financing.

Equity Resources, Inc. bases its business model on our proven commitment to improving the lives of families through raving fan customer service. Our vision is 100% compliance and quality growth. We believe in creating relationships with affinity partners and strive for each customer to become a raving fan…. simply put we want to always be “one step ahead of the industry; service that leaves the customer pleasantly surprised and passionate about our services.” We provide experienced, centralized processing, marketing, and underwriting trained in FHA, USDA, VA and Conventional financing. We offer a competitive loan officer compensation program and attract qualified, experienced, licensed professionals with the opportunity to utilize our state of the art system for helping them build their business. We require our loan officers to put together a business plan yearly and our company business plan is based on the compilation of these. Our company goals include honoring our core purpose and core values, 100% compliance mindset, align professional goals to our jobs, and to continually change to staff accordingly. These goals are shared with all employees at our Vision Meeting held annually. Sharing the company’s vision with each employee is the cornerstone of our company’s success.

Education has always been a core value which is why first time homebuyers are often referred to us by Realtors and lifelong clients. Realtors, first time homebuyers and clients see first-hand our commitment to their success through transparency and communication.  

After 30+ years, many of Equity Resources’ first employees still work here today due to the quality culture and integrity of the company.