EMB Corp. has signed a letter of intent to purchase Investment Consultants Inc., parent of the mortgage banker Equityline Financial Services Inc., Aurora, Colo.

Equityline's president, Scott Sax, and James C. Saunders, the managing consultant, would continue to manage the business under the new name of EMB Mortgage Corp.

Equityline funded about $10 million in mortgage loans per month for the past several months. Equityline has a network of about 1,200 brokers across the United States.

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