Spring EQ · 1 week ago
Non-QM Underwriter
US
Full-time
Onsite
Mid Level
3+ years expSpring EQ is a national home equity lender providing flexible and tailored financing solutions directly to consumers. The Mortgage Underwriter - TPO is responsible for underwriting residential mortgage loan applications submitted through third-party origination channels, analyzing loan applications, and ensuring compliance with investor guidelines and regulatory requirements.
FinanceFinancial ServicesMortgageService Industry
No H1B
Responsibilities
Review and underwrite mortgage loan applications submitted through TPO channels to ensure they comply with investor, agency, and regulatory guidelines
Analyze borrower financial documents, including credit reports, tax returns, bank statements, and employment verification, to assess creditworthiness and loan eligibility
Evaluate property appraisals, title reports, and other supporting documents to ensure the accuracy and completeness of loan applications
Approve, deny, or suspend loan applications based on established underwriting criteria, balancing risk management with company policies
Underwrite a variety of loan products, including conventional, FHA, VA, USDA, and non-conforming loans
Ensure that all loans meet investor guidelines, federal regulations, and internal policies before making final underwriting decisions
Serve as the primary point of contact for TPO partners, including mortgage brokers and correspondent lenders, to answer questions about underwriting guidelines, loan status, and documentation requirements
Maintain strong relationships with TPO partners by providing timely responses to inquiries, offering guidance on loan files, and troubleshooting any underwriting issues that arise
Communicate clearly with TPO partners to resolve issues related to documentation, loan conditions, and any underwriting exceptions
Collaborate with TPO partners to ensure that all necessary documentation is submitted and that underwriting conditions are met
Ensure all loans comply with relevant regulatory requirements, such as RESPA, TILA, ECOA, HMDA, and other applicable federal and state laws
Review loan files for potential discrepancies, fraud risks, and non-compliant documentation. Escalate any issues as necessary to senior management
Stay current with changes in regulations, investor guidelines, and market conditions to ensure compliance and minimize risk
Perform audits of loan files and ensure that underwriting decisions align with investor requirements and company policies
Make informed decisions on loan approvals, denials, or suspensions, ensuring that all underwriting decisions are based on a thorough analysis of borrower documentation and risk factors
Document all underwriting decisions, including rationale for any exceptions or deviations from standard guidelines
Issue clear, concise underwriting decisions and communicate them to TPO partners, ensuring that conditions for approval are well-defined
Ensure that all loan files contain the appropriate documentation and meet the standards necessary for final approval
Review loan files for completeness, accuracy, and compliance with investor and regulatory guidelines
Conduct regular quality control reviews of underwritten loans to ensure high standards of accuracy and compliance
Identify potential underwriting issues or risks, offering solutions to mitigate those risks before loans are finalized
Provide recommendations for process improvements or procedural changes to enhance underwriting accuracy and efficiency
Provide guidance and mentorship to junior underwriters and assist them with complex loan files and difficult underwriting scenarios
Participate in ongoing training sessions to stay updated on changes to underwriting guidelines, investor requirements, and industry regulations
Help develop training materials or programs to improve underwriting skills within the team and promote continuous learning
Work collaboratively with loan processors, closers, and other departments to ensure that loan files are processed efficiently and meet necessary deadlines
Track and report key underwriting performance metrics such as loan volume, approval/denial rates, and loan turnaround times to management
Participate in team meetings, performance reviews, and other internal activities to ensure consistent adherence to underwriting standards and company objectives
Monitor personal and team performance, ensuring compliance with loan volume, underwriting quality, and timeline requirements
Identify areas of improvement within underwriting processes and recommend adjustments to streamline workflows, reduce errors, and improve efficiency
Stay proactive in enhancing knowledge of industry trends, guidelines, and technology that can improve the underwriting process
Qualification
Required
Must have NON QM experience
Must have recent experience with Non-QM loans including Bank Statement and/or DSCR
Bachelor's degree in Finance, Business, or a related field preferred, or equivalent work experience in mortgage underwriting
3+ years of experience in mortgage underwriting, with at least 1-2 years of experience working with Third Party Origination (TPO) loans
Extensive knowledge of mortgage loan products (conventional, FHA, VA, USDA, non-conforming) and underwriting guidelines
Proficiency in underwriting software, loan origination systems (LOS), and automated underwriting systems (AUS)
In-depth understanding of industry regulations and investor guidelines (e.g., FNMA, FHLMC, HUD, RESPA, TILA, ECOA, HMDA)
Ability to focus on the small details while maintaining an understanding of the broader underwriting process and risk mitigation
Preferred
Certifications: FHA, VA, or other mortgage-related certifications preferred
Benefits
401k 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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