Lender Alerts

Press Release

Sun West Mortgage Company on January 28, 2010 announced that it has crossed the $2 Billion mark in HECM Mortgage Backed Securities (HMBS). Acting as a participation agent or an issuer, Sun West fulfills a strategic role in supporting liquidity in today's troubled credit markets.

The complex securitization and bond accounting technology requirements of this unique security is delivered through SunSoft, Sun West's proprietary reverse mortgage system. SunSoft automates the intricate process of organizing and formatting the loan data, both for transmission to the issuer's document custodian and for delivery to Ginnie Mae through GinnieNET. In addition, the system's flexible design enables rapid integration with most industry standard reverse mortgage loan servicing software.

"Sun West has facilitated the securitization process for originators of every scale, from federally chartered banks to regional mortgage banks. Our partners love our technology because it eliminates the complexities of managing HMBS securitization, and, therefore, they can focus on serving the senior community," says Pavan Agarwal, executive vice president, Sun West Mortgage Company.

Interested parties may learn more by contacting Sun West Mortgage Company Inc. at (800) 453-7884.

SunSoft is a feature rich reverse loan origination and servicing system. It is exclusively available to Sun West's partners at no charge. Under this limited license, partners can originate loans, order vendor services and monitor their pipeline on a real-time basis.

To become a Sun West partner, mortgage bankers may send an e-mail to sales@swmc.com or call Anthony Toro directly at (626) 676-9609.

About Sun West Mortgage Company Inc.
Sun West Mortgage Company Inc., currently licensed in over 40 states, is an FHA, VA, USDA, Freddie Mac, Fannie Mae and Ginnie Mae approved full-service mortgage banker. It is an approved Ginnie Mae HMBS Issuer, Servicer and Master Servicer. Sun West has been serving its nationwide client base since 1980. Its diversified loan programs include FHA Reverse Mortgages, FHA Single Family, HUD Multifamily, VA, Conventional and Home Equity mortgages. Sun West is one of the few direct lenders to provide in-house underwriting, funding, and servicing for reverse mortgage products. Based in California and doing business nationally, Sun West is dedicated to offering exceptional customer service coupled with integrity, reliability, strength and stability.

About SunSoft OnLine
SunSoft Online is Sun West's flagship loan origination system for reverse mortgages. Built on 29 years of FHA lending and mortgage technology experience, it combines an intelligent work flow and a high-speed underwriting engine, based on a rich library of rules with the flexibility and scalability to seamlessly integrate with third-party systems.

Link to Full Press Release

Learn more about:
Sun West Mortgage at http://www.swmc.com
SunSoft Online at http://www.reversesoftonline.com
Reverse Mortgage Calculator at http://www.SimpleHECMCalculator.com

Sydney Fernandez 
Phone: (800) 453-7884
Fax: (562) 924-6057
E-mail: media@swmc.com

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.