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 firstname.lastname@example.org or call Anthony Toro directly at (626) 676-9609.
About Sun West Mortgage Company Inc.
About SunSoft OnLine
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.