Spring EQ, LLC

Address: 1 West Elm Street, Suite 450, Conshohocken, PA 19428

https://www.wholesale.springeq.com/

Internal Reviews

(5 reviews)

Total loans closed with Loan Factory
122

Total loans closed with Loan Factory (past 12 months)
46

Lender overview

QM Program

N/A

Loss Payee

Select Portfolio Servicing, Inc. PO Box 7277 Springfield, OH 45501

CPL or Subordinate Clause

N/A

Lock Policies

Lock extension

7 days 0.28
14 days 0.56
21 days 0.84
30 days 1.20

Relock

N/A

Lock & Shop

Lender's Niche

Heloc's HELOAN's and variable HELOC in TEXAS

1st Lien DSCR--

Lender's overlays

We pull our own credit-Experian2 for home equity products

tri-merged for DSCR

Spring EQ handles closing on the home equity side-partner handles closing on the DSCR side

Appraisal -handled by Spring EQ -up front fee-should not be paid until loan is approved since we don't reimburse for them.

Prior use appraisals OK for home equity-no transferred appraisals for DSCR

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

Review - Spring EQ, LLC

3.4

Stars

Sort by

We use cookies to ensure the most optimal browsing experience on our website. By visiting our site, you are agreeing to the use of these cookies.