Loan Underwriter, Third Party Originations
Loan Underwriter, Third Party Originations
Spring EQ
United States
See who Spring EQ has hired for this role
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 www.springeq.com.
At Spring EQ, we;
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 www.springeq.com.
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
- 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
- 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.
- 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
-
Seniority level
Mid-Senior level -
Employment type
Full-time -
Job function
Finance and Sales -
Industries
Financial Services
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