Skip to main content

Spring EQ Hires VP, Capital Markets

Feb 25, 2021
SpringEQ Logo
Director of Events

Spring EQ, a first and second mortgage lender, hired Saket Nigam to be its senior vice president, capital markets. Nigam brings more than a decade of experience working in the mortgage capital markets. He will be responsible for leading the company’s continued growth in the consumer-direct and wholesale mortgage markets for first and second mortgage products. Photo of Saket Nigam

"Saket has significant leadership experience and secondary mortgage market expertise," Spring EQ CEO Jerry Schiano said. "He thinks like an entrepreneur, has a diverse background, and possesses the skills needed to build a cohesive team."

Nigam, who will report directly to Schiano, will assume leadership of developing deep and productive relationships with banks, credit unions and Wall Street.

With the housing market about to shift gears, Nigam said mortgage lenders will need to "sharpen their pencils" in order to grow business this year.

"The mortgage industry had one of its best years ever in 2020 with extreme volumes, especially with refinancing. But 2021 will not present the same opportunities," said Nigam. "Lenders that don't have a plan for surviving a higher interest rate environment and lower margins and high turnover are not going to succeed."

"One area that has room to grow, however, is the home equity market, since home equity loans allow borrowers to tap the equity in their home without having to give up low interest rates," he added. "While the market for home equity loans has been muted, we expect homeowners will start looking toward second liens as a viable option for accessing cash."

Nigam has deep expertise gained in global markets and across asset classes such as derivatives, options, and foreign exchange.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Feb 25, 2021
HUD Freezes Foreclosures On FHA Mortgages In Texas Flood Zone

Kerr County homeowners among hardest hit in disaster that’s claimed more than 100 lives

Jul 09, 2025
Fewer Canadians Hunt For U.S. Property

Largest component of international buyers in U.S. takes more than 25% hit

Jul 08, 2025
Fannie, Freddie Now Allow Lenders To Use VantageScore 4.0

Lenders will keep tri-merge credit scoring model; what this shift means

Fairway Independent Mortgage Corporation Announces Rebranding

Now Fairway Home Mortgage, company also donates $1M to support relief efforts in deadly Texas flooding

Jul 07, 2025
FHFA Chief Officially Calls For Investigation Of Federal Reserve Chairman Powell

Alleges Powell lied in testimony to Congress regarding Fed building renovations, says Fed Chair should be fired

BBB Will Impact Homeowners, Buyers

U.S. House and Senate must agree on certain tax, mortgage insurance premium deductions