Spring EQ Names New Senior Level Executives to Bolster Growing Wholesale Lending Team

The Leading Home Equity Lender Promotes Paul Saurbier to Senior Vice President and Welcomes Shawn O’Brien as VP of Sales

PHILADELPHIA--(BUSINESS WIRE)--Spring EQ, a leading home equity lender, today announced the appointment of Paul Saurbier to senior vice president of its wholesale lending division. Shawn O’Brien joins the Company as vice president of sales in wholesale lending.

“As the market prepares for rising mortgage rates, we are thrilled to have Paul and Shawn – both highly-qualified and seasoned professionals with decades of experience – leading our wholesale team through a busy and successful year ahead,” said Jerry Schiano, CEO of Spring EQ. "They will both play a critical role in enabling Spring EQ to help borrowers reach their financial goals and meet their expanding home equity needs in 2022.”

Saurbier joined Spring EQ in 2019 as vice president of sales where he co-created a new wholesale division for the Company. In his new role as SVP of wholesale lending, he will be responsible for the division’s overall results and profitability. Saurbier has more than 30 years of experience in the mortgage business and has held leadership positions with several companies including Quicken Loans, HSBC, Indymac Bank, Key Bank, and GE Capital.

O’Brien brings nearly 30 years of industry experience to his new role of vice president of sales for Spring EQ’s wholesale lending group where he will manage the sales team and partnership relationships. Most recently, O’Brien served as divisional vice president for Quicken Loans where he spent more than a decade of his career. Prior to this, he held roles at HSBC and various mortgage banking firms.

About Spring EQ

Spring EQ is a national first and second mortgage lender specializing in refinance, home-equity loan, and home-equity line-of-credit products directly to consumers and through mortgage brokers. Headquartered in Philadelphia, Spring EQ is among the fastest growing and most awarded lenders since its founding in 2016. Spring EQ leverages a seamless, simple, and digital process that results in faster funding, trustworthy loans, and less frustration for consumers today.

To become an approved partner, visit www.wholesale.springeq.com.