Spring EQ, LLC

Basic information

QM program

N/A

Loss payee

SLS LLC ISAOA/ATIMA PO Box 4500, Springfield, OH 45501

CPL or subordinate clause

N/A

Lock policies & fees

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

No

Lender's niche & overlays

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 

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

2

Initial CD (days)

1

Reviews