We are happy to announce that we have signed up with SpringEQ as a broker outlet to offer Piggyback and stand-alone HELOC loans. They offer up to 100% standalone HELOCs and up to 95% piggyback 2nds. Unlike TCF and other second outlets that we have agreements with, SpringEQ is actually paying a broker compensation of 2%. We no longer have to refer out second mortgages and can now broker them.
SpringEQ covers almost our entire lending footprint except for AK, HI, ID, MA, MO, ND, NV, NY, SD, UT, WV, and WY. Please be on a lookout for an email from our account rep for training calls. She is planning to do a couple calls to help get everyone up to speed and to answer any questions you may have. For additional questions about process, products, and rates please contact our account rep below. Kristen is very responsive and has been great to work with during the application process.
Kristen Faidley
Senior Account Executive – Spring EQ
Phone: 952-200-9836
Kfaidley@springeq.com
www.wholesale.springeq.com
Daren Crockett says:
Idaho left out again!
VanDyk Mortgage says:
In the case of SpringEQ, the A/E mentioned expansion into more states in the future. It’s up to the broker to decide where they are licensed, but we will pass along info as we get it.