Mortgage Underwriter, TPO

Overview

Spring EQ is a national home equity lender providing flexible and tailored financing solutions directly to consumers with a national network of experienced brokers and partners. Since its founding in 2016, Spring EQ is among the fastest growing and highest-rated home equity financing partners in the United States. Spring EQ offers a broad range of home equity products and delivers a simple and streamlined process that results in faster funding, trustworthy loans, and less frustration for consumers today.

To learn more about Spring EQ,

At Spring EQ, it is our mission to empower homeowners and buyers to achieve and maximize the value of home ownership in a simple, fast, and ethical manner. Our values are to

• Be kind and treat all people – teammates, customers, and vendors – with respect and consideration
• Be adaptable and embrace change
• Be accountable and take responsibility and deliver the effort to fully complete the task
• Be better and strive for continuous improvement in ourselves, our team, and the company for our customers
• Be part of the solution and solve problems, find the answers, and collaborate
• Work hard, have fun, and get things done

We are seeking a Wholesale Underwriter to join our rapidly growing team. This position will be an active member of the Operations team at Spring EQ. The ideal candidate will have at least three to five years of experience underwriting home equity or mortgage loans in wholesale/third-party originations environment. A strong candidate will have a solid understanding of mortgage processes and has proficient knowledge of loan origination technology that will thrive in a growing, fast‑paced environment.

They will be driven, passionate and flourish in an operational role that is extensive and dynamic.

• Thoroughly analyze loan applications to ensure compliance with regulatory standards, company policies and guidelines
• Review and analyze borrower’s credit, income, assets and collateral to determine eligibility
• Communicate loan decisions with applicable parties
• Maintain knowledge of all guidelines established by the organization
• Ensure all regulatory compliance is completed as directed by management
• Offer loan solutions and counteroffers to customers when necessary
• Handle loan escalations in a timely manner
• Properly handle loan sale and or delivery issues
• Identify red flags and potential misrepresentation
• Must work closely with sales and operation partners through the life cycle of the loan
• May be required to train and develop underwriting staff
• Assist Management on projects or special programs as needed

• College degree preferred. In lieu of a degree, relevant experience in a prior role is considered
• 3-5 years of underwriting home equity or mortgage loans in wholesale/third-party originations
• Proficiency in evaluating complex income streams, including personal and business tax returns
• Advanced knowledge of Conventional guidelines
• Applied knowledge of underwriting fundamentals and standard industry practices
• Knowledge of federal, state, and local regulatory requirements
• Detail-oriented with strong data analysis skills
• Highly organized and able to prioritize work
• Strong communication skills, both verbal and written
• Proficient in: MS Outlook, Excel, Word, PowerPoint, Teams
• Position requires direct communication with sales internal and external (brokers if applicable). Strong communication skills to relay a decision and discuss possible alternatives.

• 401k Company Match
• Annual Charitable Matching Gift Program
• Commuter Benefits
• Company Holidays
• Credit Union Membership
• Dental Insurance
• Dependent Care Plan
• Disability Insurance
• Employee Assistance Program
• Life Insurance
• Medical Insurance
• Paid Time Off Plan
• Vision Insurance
• Weekly Non-Management Dinner Benefit

Candidates must have current, unrestricted authorization to work in the United States. The Company does not sponsor or support employment‑based visas, extensions, renewals, or any immigration‑related programs now or in the future.

Spring EQ is an Equal Opportunity Employer. We make all employment decisions based on merit and business needs. If you require a reasonable accommodation at any stage of the hiring or employment process, please contact