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Important Notification

Dear Business Partner,

In line with the RESPA Reforms of 2010, SWMC requires that Loan Officers may collect up-front fees on a loan only once the applicant has executed the "Intent to Proceed" form. A reasonable fee for the Credit Report is the only exception to this requirement.

Additionally, please ensure that no services (such as Appraisal, Inspection, etc.) are ordered prior to:

  1. issuing a Lender's TIL
  2. receiving an executed copy of the "Intent to Proceed" form
  3. applicants receiving counseling, in case of Reverse Mortgages

Note:

  1. "Intent to Proceed" form can be accessed from 'Loan Docs' option in SunSoft.
  2. RESPA FAQ:http://www.hud.gov/offices/hsg/ramh/res/resparulefaqs.pdf

If you have any questions, please contact your Account Executive at (800) 453-7884.

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA, 90703

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.