Limited Review of Correspondent Loans and Prompt Turn Times
Dear Valued Partners,
SWMC supports FHA's move towards appraiser independence and has determined that for all Correspondent Loans originated using an Appraisal Management Company ("AMC") from the SWMC approved list, SWMC shall perform a limited review of the appraisal. For a list of AMCs approved by SWMC, please see: http://www.swmc.com/swmc/loans/approvedAMC.htm
If you need assistance in the purchase review process, please contact your Account Executive on (800) 453 7884.
P.S. Correspondent loans are ones that you close in your name and then sell to SWMC.
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.