Jerry Schiano Chief Executive Officer
As CEO of Spring EQ, Jerry Schiano brings over thirty years of entrepreneurial experience in the mortgage industry, including founding and successfully leading multiple lending organizations. Prior to starting Spring EQ, he founded New Penn Financial from a startup to a top 30 mortgage lender with over 1,400 offices and 1,800 employees. Schiano sold New Penn to Shellpoint partners and remained on the executive committee. Schiano recently sold New Penn and its family of companies, Shellpoint Mortgage Servicing (servicer), Avenue 365 Lender Services (title company), and E-Street Appraisal Management Co (AMC) to NRZ. Prior to New Penn, Schiano founded Wilmington Finance Inc., which he grew into a top-15 originator of Non-Agency residential loans with over 2,000 employees. Schiano is a magna cum laude graduate of C.W. Post Long Island University with a B.S. in Marketing and Economics. After two decades living in Pennsylvania, Schiano still won’t give up on the New York Jets.