Wholesale Underwriter

Overview:
About Spring EQ

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, visit .

At Spring EQ, we;

Strive to make every customer interaction a great one

Recognize behind every loan is a person or family trusting us to handle a significant financial transaction

Work hard and have fun to get the job done

Recognize each team member's unique value

Encourage ways for our team members to learn, develop, diversify and grow with Spring EQ

Promote our team members so they can share their knowledge with others

Innovate, innovate, innovate

Create and embrace the latest technology

Simplify constantly, challenging every process we use to better accomplish our goals

Build upon a strong company culture and foster an environment of togetherness, support, and accountability

Spring EQ is 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 direct to consumer or 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

Responsibilities:
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

Qualifications:
A Bachelor's degree is required in Business, Finance, Accounting or a related field

3-5 years of underwriting home equity or mortgage loans in a direct to consumer or 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.

Benefits

401k Company Match

Commuter Benefits

Credit Union Membership

Company Holidays

Dental Insurance

Dependent Care Plan

Disability Insurance

Employee Assistance Program

Life Insurance

Medical Insurance

Paid Time Off Plan

Vision Insurance

Spring EQ is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all team members.

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