Capital Markets Cooperative (CMC), in partnership with WL Ross & Co. LLC, a firm that leverages its cooperative power and secondary marketing expertise to improve execution and member profitability, has announced a new strategic alliance with Sun West Mortgage Company (SWMC).
CMC lenders will have access to Sun West's full suite of mortgage products that include FHA 203(b) mortgages, 203(k) Rehab and 203(k) Streamline, Conventional and Home Equity mortgages, VA and Multifamily and the FHA HECM reverse mortgage product. Through this alliance CMC patrons will enjoy premier pricing and services as well as advanced training and marketing programs geared towards CMC's member clients.
Tom Millon, president/founder of CMC stated, "We're very pleased to partner with Sun West Mortgage Company. The firm's approach to offering additional mortgage solutions and long-standing Ginnie Mae direct issuer status brings new competitively priced options to our membership."
According to Pavan Agarwal, executive vice president of Sun West Mortgage Company, "We are proud to partner with Capital Markets Cooperative and member firms. CMC's groundbreaking approach to mortgage banking fits with Sun West's philosophy of helping our clients increases CMC's product offerings which, in turn, benefits local borrowers."
About Capital Markets Cooperative
Capital Markets Cooperative (CMC) provides mortgage bankers with the economies of scale and the expertise that reduce risk and maximize profit in the secondary market. Regarded as the premiere secondary marketing specialist in the industry, CMC has worked with financial institutions nationwide to improve secondary market execution and reduce operational expenses resulting in a more profitable mortgage business. To date CMC executives have managed over $500 billion of mortgages in volume. For more information about Capital Markets Cooperative, visit CapMkts.org (http://www.capmkts.org/) or call (904) 543-0052 or email firstname.lastname@example.org.
About WL Ross & Co. LLC
WL Ross & Co. LLC is a leading private equity firm with $9.7 billion of assets under management. The firm has significant investments in financial services in the United States and internationally. These investments include a leading non-prime mortgage servicer (American Home Mortgage Servicing, Inc.), a AAA-rated financial guaranty company, minority investments in several U.S. banks and a leading credit card company in the United Kingdom. WL Ross was chosen with its parent, Invesco Ltd., by the U.S. Department of the Treasury to be one of the Private Public Investment Program managers. To learn more about WL Ross, call Wilbur L. Ross at (212)826-2111.
About Sun West Mortgage Company Inc.
Sun West Mortgage Company Inc., currently licensed in over 45 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 Participation Agent. 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.
ReverseSoft Online is Sun West's flagship loan origination and servicing system for mortgages. Built on over 30 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.
Direct: (541) 225-6606
Direct: (562) 916-1419 or (626) 676-9609
Sun West Mortgage, Inc.
18308 Gridley Road
Cerritos, CA 90703
PHONE. (800) 453-7884
FAX. (562) 924-6057
Learn more about:
Sun West Mortgage Company [NMLS ID 3277] at http://www.swmc.com
ReverseSoft Online at http://www.reversesoftonline.com
Reverse Mortgage Calculator at http://www.SimpleHECMCalculator.com
For more information about Sun West Mortgage Company and to learn more about this joint initiative, visit SWMC.com ('http://www.swmc.com').
Phone: (800) 453-7884
Fax: (562) 924-6057
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