Those moving over to Equity Loans include Keith Binsfeld, area manager; Shawn M. Cohen, director of originations; Steve Fishman, director of operations; Ben Stucker, director of senior lending; Ed Walsh, area director; and Brad Wurtz, vice president of business development.
Kunjan “KP” Patel, CEO of Equity Loans, said in a press release, “To make this transition as seamless as possible, a team from Equity Loans visited IFG’s headquarters to ensure we have a full understanding of IFG’s clients and partners. The combination of IFG’s experienced staff and strong industry relationships will be an excellent addition to Equity Loans, further expanding our footprint and opportunities for future growth.”
In an interview conducted with Binsfeld via email, he said that the move to Equity Loans “is not a merger. Senior management at IFG collectively felt that our clients and our families had a better opportunity with Equity Loans.”
There are multiple IFG offices involved, he added, and those span different business models.
As for opting to join with Equity, Binsfeld said Wurtz has a long-term relationship with the company’s owners. “In exploring our options, they were the clear choice,” he continued.
“IFG brings a large expansion to Equity Loans Philadelphia metro area. They also bring multiple affinity relationships as well as diversified lines of origination including but not limited to reverse mortgages,” said Binsfeld.