Spring EQ Wholesale

Overview

Spring EQ Wholesale is a financial services company based in Pennsylvania, specializing in home equity lending since its founding in 2016. The company serves mortgage brokers, bankers, and homeowners by offering a technology-driven platform that simplifies the loan process, making it faster and more efficient than traditional lenders.

The product lineup includes adjustable Home Equity Lines of Credit (HELOCs), fixed-rate second liens (HELOANs), standalone loans, and piggyback loans. These options cater to various borrower needs, providing flexibility with interest-only options or stable fixed payments. The company is known for quick funding times, averaging 14 to 21 business days from document submission, and offers competitive compensation for brokers, with commissions reaching up to 2.5% of the loan amount. Operating primarily through wholesale mortgage channels, it partners with financial institutions and mortgage brokers nationwide, emphasizing efficient home equity access and a commitment to respect and integrity in all dealings.

Basic Information

Contact Details

• Phone: +1 888-978-9978
• Website: springeq.com
• LinkedIn: linkedin.com/company/spring-eq-wholesale

Key Focus Areas & Initiatives

• Home equity lending
• Wholesale mortgage solutions
• HELOCs, HELOANs, and piggyback loans
• Technology-driven loan processing
• Loan flexibility and customization
• Quick funding times
• Broker partnerships
• Competitive compensation for brokers
• Customer-friendly experience
• Respect and integrity in financial services

Technologies Used

Affiliated Organizations & Regional Branches

• Cerberus Capital Management