Who is Equity Resources

In February 1993, after opening a centralized Pittsburgh mortgage office for a Fortune 500 Company, Ed Rizor formed Equity Resources, Inc. with the intention of brokering first mortgage loans. Due to strict licensing for mortgage brokers by the State of Ohio, licenses were applied for and received and the first office was opened in May 1993. In January 1994, licenses were applied for and approved in Pennsylvania and Equity Resources opened its first office in Pennsylvania under the DBA Pennsylvania Equity Resources.  William Skerbetz was the first employee hired in February 1994 and he managed and brokered loans from the Pittsburgh office.

As business increased for Ed in Ohio 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. In Pennsylvania, the license was approved with a slight variation in the name as Pennsylvania Equity Resources, Inc., an Ohio Corporation.

Beginning in January 1995, hiring was increased in Ohio by adding additional loan officers and loan processors. We negotiated a larger office space on the 3rd floor of the building we were located at to accommodate the increase in production. In 2002, Ed and Tracy Rizor purchased the building we are currently located in and renovated it to accommodate the increasing production. In Pennsylvania in 1996, our offices expanded as well and moved to Carnegie, Pennsylvania (near Pittsburgh) and added employees to serve the influx of business that was being generated in that market.

Since 1996, Equity Resources, Inc. moved from brokering loans to a mortgage banker. We are delegated to underwrite all of our loan files with all of our investors. We fund 100% of our own loans utilizing four warehouse banks. We are currently licensed in 14 states and have 20 branch offices located in Ohio, Pennsylvania, Maryland and North Carolina. We specialize in retail consumer lending and deal strictly with 1st and 2nd mortgages on residential properties. We offer Conventional, Jumbo, FHA, VA and USDA financing.

Equity Resources, Inc. bases its business model on our proven commitment to improving the lives of families through raving fan customer service. Our short term vision for 2012 to 2014 is 100% compliance and quality growth. We originate 100% retail with goals for each customer. 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 experienced 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 put together a business plan yearly and our company business plan is based on the compilation of these. We have four goals in the year 2012: 1. We honor our core purpose and core values. 2. 100% compliance mind set 3. We align professional goals to our jobs. 4. Staff accordingly. These goals were shared with all employees at our annual Vision Meeting in January 2011. Sharing the company’s vision with each employee is the cornerstone of our company’s success.


The first two employees, William Skerbetz and Kelly Welch still remain as employees today. We actually have a few other employees that have been in our company 10+ years due to the quality culture and integrity of the company.