Spring EQ will still be helmed by current management, including founder and CEO Jerry Schiano.
The companies didn’t disclose financial terms.
Explore the latest evolution in mortgage origination, from digital platforms to AI-driven solutions, reshaping the loan processing landscape for lenders and borrowers.
Estimated reading time: 0 minutes, 14 seconds
Mortgage lender Spring EQ has agreed to an acquisition by private equity firm Cerberus Capital Management. So reports PE Hub.
Spring EQ will still be helmed by current management, including founder and CEO Jerry Schiano.
The companies didn’t disclose financial terms.