Spring EQ Disclosures and License Information

 

Spring EQ is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC, 20580.

 

Spring EQ, LLC is a licensed mortgage lender. See www.nmlsconsumeraccess.org for additional information.

 

*The following states require disclosure of licensing information.*:

FOR TEXAS CONSUMERS:

 

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

 

 

AL: Consumer Credit License No. 22343;

 

AR: Combination Mortgage Banker-Broker-Servicer License – Spring EQ, LLC, 1 West Elm St, Ste 450 Conshohocken, PA  19428-4152, (215) 391-1200;

 

AZ: Mortgage Banker License, License No. 0942769;

 

CA: Licensed by Department of Financial Protection and Innovation, under the California Financing Law, License No. 60DBO56445;

 

CA: Licensed by the Department of Financial Protection and Innovation, under the California Residenital Mortgage Lending Act, License No. 41DBO159969;

 

CO: Mortgage Company Registration; Spring EQ, LLC, NMLS #1464945, 888543-0635, Regulated by the Division of Real Estate; – www.dora.state.co.us/real-estate;

 

CO: Supervised Lender, License No. SUP-4000726;

 

CT: Mortgage Lender License, License No. ML-1464945;

 

DE: Licensed as a Mortgage Lender by the Office of the State Bank Commissioner, License No. 022213;

 

DC: Mortgage Lender License, License No. MLB 1464945;

 

FL: Licensed as a Mortgage Lender Servicer by the Office of Financial Regulation, No. MLD2208;

 

GA: Residential Mortgage Licensee (No. 57152) – Spring EQ, LLC, 1 West Elm St, Ste 450 Conshohocken, PA  19428-4152, (215) 391-1200;

 

IA: Mortgage Banker License – License No. 2017-0119;

 

IA: Master Loan Company Registration – No. 88893605;

 

ID: Mortgage Broker/Lender License No. MBL-2081464945;


IL: Residential Mortgage License No. MB.6761289 – Department of Financial and Professional Regulation, – Spring EQ, LLC, 1 West Elm St, Ste 450 Conshohocken, PA  19428-4152, (215) 391-1200; For Licensing Information, go to www.nlmsconsumeraccess.gov

 

IN: Indiana-DFI Mortgage Lending License No. 35057;

 

KS: Licensed Mortgage Company, Spring EQ, LLC, Mortgage Company License No. MC.0025517;

 

KY: Mortgage Company License No. MC361567;

 

LA: Louisiana Residential Mortgage Lending License Authorized;

 

MA: Massachusetts Mortgage Lender ML1464945;

 

MD: Licensed as a Mortgage Lender by the Commissioner of Financial Regulation No. 1464945;

 

ME: Maine Mortgage Lender License No. 1464945;

 

MI: 1st Mortgage Broker/ Lender License, License No. FL0020764;

 

MI: 2nd Mortgage Broker/ Lender Registrant, License No. SR0020753;


MN: Residential Mortgage Originator License No. MN-MO-1464945;

 

MS: Mississippi Mortgage Lender License No. 1464945 - Spring EQ, LLC, 1 West Elm St, Ste 450 Conshohocken, PA  19428-4152;

 

MO: Mortgage Company License No. 1464945;

 

MT: Montana Mortgage Lender License No. 1464945;

 

MT: Montana Mortgage Servicer License No. 1464945;

 

NC: Licensed as a Mortgage Lender by the Commissioner of Banks, No. L-169532;

 

NE: Nebraska Mortgage Banker License No. 1464945;

 

NH: New Hampshire Mortgage Banker License No. 21437-MB

 

NJ: Residential Mortgage Lender Licensee; Spring EQ, LLC, 1 West Elm St, Ste 450 Conshohocken, PA  19428-4152, (215) 391-1200, Licensed by the NJ Department of Banking and Insurance;

 

NJ: RMLA – Licensed Mortgage Servicer Registration;

 

NM: New Mexico Mortgage Loan Company License;

 

OH: Residential Mortgage Lending Act Certification of Registration, License No. RM.501996.000;

 

OK: Oklahoma Mortgage Lender License, License No. ML012450

 

OR: Mortgage Lending License, License No. ML-5603;

 

OR: Mortgage Servicer License, License No. 1464945;

 

PA: Licensed Mortgage Lender, License No. 57163;

 

PA: Licensed Mortgage Servicer, License No. 93619;

 

RI: Rhode Island Licensed Lender – License No. 20173512LL;

 

SC: South Carolina - BFI Mortgage Lender/Servicer License, License No. MLS-1464945;

 

SC: South Carolina – BFI Mortgage Lender/Servicer License Other Trade Name #1, License No. MLS-1464945 OTN#1;

 

TN: Tennessee Mortgage License - No. 131485;

 

TX: SML Mortgage Company License;

 

TX: SML Mortgage Banker Registration;

 

TX: Regulated Lender License, No. 1900063778-169318

 

UT: Consumer Credit Notification;

 

UT: Residential First Mortgage Notification;

 

VA: Lender License, License No. MC-6686; NMLS #1464945 www.nmlsconsumeraccess.org

 

VT: Lender License No. 7111;

 

WA: Consumer Loan Company License No. CL- 1464945;


WI: Mortgage Banker License No. 1464945BA;

 

WI: Mortgage Broker License No. 1464945BR;

 

WY: Consumer Lender License No. CL-5069;

 

WY: Mortgage Lender/Broker License No. 5295;

 

Spring EQ, LLC Nationwide Mortgage Licensing System Number 1464945.

 

 

 
© 2024 Spring EQ LLC - NMLS ID # 1464945
 
 
 
 
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1 West Elm St, Ste 450 Conshohocken, PA 19428-4152, 888-978-9978


 

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    *Details to note:
    Spring EQ customers get their cash on average in 21 business days, and as fast as 14 days. This average time is measured from the time we receive all requested documents and assumes your stated income, property and title information provided in your loan application matches your documents and any supporting information collected. The time period calculation to get cash is based on the average funding turn times over the first four months of 2023, assumes the funds are wired, excludes weekends and excludes the government mandated disclosure waiting period. Typical applicants are required to provide a current and valid completed application, proof of income, mortgage statement, home hazard insurance, and a photo ID.

    Please Note: Spring EQ does not provide tax, legal, investment or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, investment or accounting advice. You should consult your own tax, legal, investment and accounting advisors before engaging in any transaction.

    Applicants are typically not required to provide proof of assets, and proof of income may be more extensive for self-employed borrowers. Quarterly, we calculate The Spring EQ Cash-In-Pocket Index™ which is the average reduction of our customers debt payments where at least one debt was paid off with loan proceeds. The most recent Cash-In-Pocket Index™ reported a reduction in debt payments of $530.

    Any pre-qualification is in no way a pre-approval, indication of eligibility, or binding underwriting decision.

    All borrowers will be required to meet Spring EQ's current underwriting guidelines including verification of applicant’s credit profile, debt-to-income ratio, and home’s current value. Eligible Home Equity Loan borrowers must have a FICO score of 640 and meet all other qualifying criteria in Spring EQ's current underwriting guidelines. Refinance transactions may increase total finance charges over the life of the loan. Speak to a loan officer for details. Eligible Home Equity Line of Credit borrowers must have a minimum FICO score of 660 and meet all other qualifying criteria in Spring EQ's current underwriting guidelines. Spring EQ offers Home Equity loan options up to 90% of your home value for qualified borrowers with a excluding second home or investment properties. The maximum Home Equity loan or Home Equity Line of Credit amount Spring EQ offers is $500,000.

    For details, call 888-978-9978 to speak to a licensed Spring EQ Loan Officer. Please Note: Any reference to news organizations or outlets and/or their logos or likenesses on these webpages are solely in reference to the inclusion of relevant home equity, mortgage or interest rate subject matter in current, publicly available national news items and cycles and are not meant to imply endorsement of Spring EQ in any way.