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Find a Location

Spring EQ LLC has 2 locations, listed below.

*This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

    Country
    Please enter a valid location.
    • Spring EQ LLC

      1 W Elm St Ste 450 Conshohocken, PA 19428-4152

      BBB Accredited Business
    • Spring EQ LLC

      100 W Matsonford Rd Bldg 5 Ste 100 Radnor, PA 19087-4559

      BBB Accredited Business

    Business ProfileforSpring EQ LLC

    Loan Originator
    Multi Location Business
    BBB accredited business

    Additional business information

    Additional Info:
    Before filing a complaint with the BBB, please contact Drew Kese, Chief Experience Officer at Spring EQ, LLC, at [email protected] to see if he can assist you with your concerns.
    See all additional business information

    At-a-glance

    Customer Reviews

    3.79/5stars

    Average of 142 Customer Reviews

    Customer Complaints

    48 complaints closed in last 3 years

    14 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 12/8/2016

    Years in Business: 8

    Customer Reviews are not used in the calculation of BBB Rating

    Overview of BBB Rating

    Related Categories

    Overview

    Spring EQ, one of the nations largest non-bank home equity lender, helps customers unlock opportunities and reach their goals by using the equity they've built in their homes. Spring EQ has transformed home equity lending from a long, drawn-out paperwork based process into a 21st century digital experience that makes understanding and accessing your home’s equity easier and more cost effective.

    Products & Services

    5 - 30 Year Fixed Rate Home Equity Loans

    Business Details

    This is a multi-location business.

    Find a Location

    Spring EQ LLC has 2 locations, listed below.

    *This company may be headquartered in or have additional locations in another country. Please click on the country abbreviation in the search box below to change to a different country location.

      Country
      Please enter a valid location.
      • Spring EQ LLC

        1 W Elm St Ste 450 Conshohocken, PA 19428-4152

        BBB Accredited Business
      • Spring EQ LLC

        100 W Matsonford Rd Bldg 5 Ste 100 Radnor, PA 19087-4559

        BBB Accredited Business
      Location of This Business
      1 W Elm St Ste 450, Conshohocken, PA 19428-4152
      BBB File Opened:
      10/31/2016
      Years in Business:
      8
      Business Started:
      1/19/2016
      Business Incorporated:
      1/19/2016
      Accredited Since:
      12/8/2016
      Licensing Information:
      This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
      BBB records show a license number of PA License# 57163, NMLS ID: 1464945 for this business, issued by Department of Banking and Securities-PA

      These agencies may include:

      Department of Banking and Securities-PA

      Market Square Plaza, 17 North 2nd St Suite 1300

      Harrisburg PA 17101

      (717) 787-1854

      Fax: (717) 7878773

      http://www.banking.state.pa.us

      Type of Entity:
      Limited Liability Company (LLC)
      Alternate Business Name
      • Spring EQ
      Business Management
      • Mr. Jerry Schiano, CEO
      • Mr. Drew Kese, CEO
      Contact Information

      Principal

      • Mr. Jerry Schiano, CEO
      Additional Contact Information

      Email Addresses

      Customer Complaints

      48 Customer Complaints

      Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

      File a Complaint

      Most Recent Customer Complaint

      08/03/2023

      Complaint Type:
      Service or Repair Issues
      Status:
      Resolved
      I applied for a heloc loan on may 02/2023 after 5 weeks I was scheduled for closing on June 07/2023 at 3:00 pm at 11:00 am I received a call from the loan advocate that the closing was cancelled because the master association insurance policy was expiring on June 30th and the renewable policy was not yet available I was told that they would hold my application until I was able to obtain it on July 7th they told me I had to start a new application but it would be escalated as I had already been qualified we had to contact my Condo owner insurance company to update the loan # and the master association as well which was completed on July 21st I was ready for closing I called both the loan officer and the loan advocate every day from July 24 th to July 31st leaving messages as to what the status was and did not receive any response on Aug 01 I called customer care and was told I was in the final stage with underwriting but somebody should have communicated with me and that they would have someone contact me by days end a manager contacted me later that day and said due to new regulations they could no longer offer Helocs had I not called I would still be waiting for an answer so after 3 months of dragging me through the mud and stringing me along being qualified and having a closing date this is what they tell me I would like to have a letter of denial explaining this new regulation and I would like to have my appraisal fee of 250.00 refunded
      Read More

      Customer Reviews

      142 Customer Reviews

      What do you think? Share your review.

      How BBB Processes Complaints and Reviews

      Start a Review

      Most Recent Customer Review

      Heriberto P

      1 star

      08/14/2024

      This company has to be the worst I have ever dealt with. Zero customer service! No one answers their phones nor do they reply to emails. Just to name a few ***********, ***** and the customer service team. (HAHA TEAM) I am currently in the process of trying to get a heloc from them. I have upload the same documents over and over. As soon as they need something I respond and get it to them, can't say I get the same in return. I am regretting having started this process with them. In the begin they are very responsive then they just leave you hanging, after they have all your info good luck getting any one to respond to you.

      Spring EQ LLC Response

      08/15/2024

      Thank you for your feedback. If you have questions or concerns regarding a current or prior application with Spring EQ, LLC, please contact us directly at ************.

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