Hurricane Sandy: Disaster Area Policy
In response to Hurricane Sandy, Sun West will be suspending funding / purchases on subject properties that are located in affected areas. Based on information available from FEMA, State, or other resources, areas in Connecticut, Delaware, Massachusetts, Maryland, Maine, North Carolina, New Hampshire, New Jersey, Pennsylvania, New York, Virginia, and Vermont may have been impacted by the hurricane.
Sun West disaster area policy, as outlined in Sun West Seller Guide section 404.07, is in effect. Our partners can access Sun West Seller Guide under HELP section in SunSoft.
Sun West will add a prior-to-funding or purchase condition on loans with subject properties determined to be at risk. A property inspection on such identified loans will be required. The inspection must verify that the property is sound, habitable and in the same condition as when it was appraised and may be in one of the following formats:
• A Final Inspection or Appraisal Update (Form 1004D) of the property signed by the original appraiser.
For any queries, please contact your Account Executive at (855) AT-SUNWEST or (855) 287-8693.
Sun West Mortgage Company, Inc.
|This information is provided to licensed wholesale brokers only and may not be copied or distributed to customers or potential customers. All loans are subject to approval. Certain restrictions may apply. Listed pricing is a morning indication only. Program rates, prices, guidelines, fees, costs, terms and conditions are subject to change without notice.
Sun West Mortgage Company, Inc. (NMLS ID 3277) is licensed by the Department of Corporations as a California Finance Lender (License #603 0119) and is licensed by the Department of Real Estate (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; Phone: (800) 453-7884