Mortgage Underwriter, TPO

Spring EQ LLC•,

2d•Onsite

About The Position

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. 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 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.

Requirements

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.
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.

Nice To Haves

College degree preferred. In lieu of a degree, relevant experience in a prior role is considered

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