Spring EQ Mount Laurel , NJ 08054
Posted 1 week ago
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 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
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.
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
Spring EQ