Spring EQ · 3 weeks ago
Credit Policy Specialist - NonQM
Phoenix, AZ
Full-time
Onsite
Mid, Senior Level
$115K/yr - $120K/yr
7+ years expSpring EQ is a national home equity lender providing flexible financing solutions to consumers. They are seeking a Credit Policy Specialist responsible for developing and publishing credit guidelines, particularly for Non-QM and alternative lending products.
FinanceFinancial ServicesMortgageService Industry
Responsibilities
Maintain a robust governance framework to ensure product changes—especially Non-QM and Jumbo—are assessed for credit and operational risk, with decisions thoroughly documented
Develop, write, and revise lending technical documentation, including policies, procedures, forms, and quick-reference guides for Non-QM products
Conduct in-depth analysis of Non-QM credit policies and make informed recommendations regarding underwriting strategies and product alignment
Review and update product matrices regularly, ensuring accuracy for Non-QM and alternative lending programs
Serve as a subject matter expert (SME) on Non-QM credit policy topics to promote consistency across underwriting and sales teams
Act as the primary point of contact for internal inquiries related to Non-QM credit exceptions, investor overlays, and regulatory guidelines
Research industry trends and emerging risks in the Non-QM space, evaluating best practices in credit risk management
Collaborate with Product, Underwriting, and Compliance teams to align new or revised Non-QM products with credit policies and risk tolerance
Communicate credit policy updates professionally and clearly to support organizational transparency and enhance brand credibility
Complete special assignments as directed by management
Qualification
Required
Education: Bachelor degree
Work history: 7-10 years of mortgage underwriting experience, with at least 5 years in Non-QM and Jumbo products
Deep knowledge of Non-QM guidelines, investor overlays, and alternative documentation programs (bank statements, DSCR, asset depletion, etc.)
Strong understanding of credit risk assessment for complex borrower profiles
Excellent communication and interpersonal skills to support cross-functional collaboration
Exceptional organizational abilities with attention to detail
Proficient in Microsoft Word, Excel, Outlook, and Teams for documentation, data management, communication, and collaboration
Comfortable working in a fast-paced, flexible, and production-oriented environment
Benefits
401k Plan offered through Fidelity Investments with company match
Annual Charitable Matching Gift Program
Commuter Benefits
Company Holidays
Credit Union Membership
Dental Insurance
Dependent Care Plan
Disability Insurance
Employee Assistance Program
Life Insurance
Medical Insurance
Paid Time Off Plan
Vision Insurance
Weekly Non-Management Dinner Benefit
Company
Spring EQ
Spring EQ aims for the goals of homeowners by providing visibility & access to their home's equity.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
unknown2023-08-31Acquired
Leadership Team
Curt James
SVP & CFO
Recent News
2025-09-13
FinTech Global
2025-09-11
2025-09-10
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