(Applicable to all channels)
Fannie Mae and Freddie Mac via Lender Letter LL-2021-03 and FHLMC Bulletin 2021-10 announced the rolling back of temporary flexibilities related to Verbal Verification of Employment for wage earners due to the COVID-19 pandemic. The rollback is effective for loan applications dated on or after May 1, 2021.
Sun West Mortgage Company, Inc. is updating the guidelines for Conventional loans (Fannie Mae and Freddie Mac loans) with an application date on or after May 1, 2021 as follows:
6131 Orangethorpe Avenue, Suite 500
Buena Park, CA 90620
Phone: (800) 453-7884
This information is provided to licensed mortgage professionals only and not for distribution to consumers. Please visit https://www.swmc.com/disclaimer.php or refer to www.nmlsconsumeraccess.org to see where Sun West Mortgage Company, Inc. (NMLS ID 3277) is a licensed lender and servicer. All Rights Reserved. We are not accepting applications from Georgia or Massachusetts residents. We are purchasing mortgages secured by Massachusetts properties but not Georgia. Sun West Mortgage Company, Inc. (NMLS ID 3277) holds a Financing Law License (#6030119) [Loans made or arranged pursuant to a California Financing Law license], licensed by the California Department of Business Oversight, Phone: (866) ASK-CORP and has a DRE Real Estate Corporation License Endorsement (#00793885), licensed by the California Department of Real Estate, Phone: (877) 373-4542.