No Underwriting Fee On Reverse Mortgages
Dear Valued Partner,
All HECM loans locked on or after today (01/13/2010), SWMC will NOT charge an underwriting fee.
We recently eliminated appraisal overlays and most price hits on our Fixed HECM programs to simplify the loan origination process for our customers.
Additionally, we have now eliminated the Underwriting Fee on ALL HECM products and have merged Service Release Premium (SRP) into the Yield Spread Premium (YSP) on Fixed HECM products.
If you have any questions, please contact your Account Executive at (800) 453-7884.
Sun West Mortgage Company, Inc.
|Sun West Mortgage Company, Inc. is licensed by the Department of Corporations under the California Residential Mortgage Lending Act and holds a California Finance Lender License (603 0119) and a Corporation Real Estate Brokers License (00793885). Refer to www.swmc.com to see where SWMC is a licensed lender. In all states, the principal licensed office of Sun West Mortgage Company, Inc. is 18303, Gridley Road in Cerritos, CA 90703; Toll Free: (800) 453-7884. All Sun West programs are subject to change without notice.