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Press Release

Sun West Mortgage Company Crosses $6 Billion Mark in Ginnie Mae HECM Mortgage Backed Securities
Go Back - Home > Press Releases > Cerritos, CA - February 16, 2011

Sun West Mortgage Company achieved a new milestone as a Participation Agent for HECM Mortgage Backed Securities (HMBS) by crossing the $6 billion mark.

Sun West, with over three decades of experience in mortgage banking and technology, has successfully capitalized its strengths to build a strong scalable technology platform in ReverseSoft(SM) providing industry partners with a seamless solution to securitize the HECM product.

"Securitization is the key in today's markets, leading to attractive investor yields while increasing liquidity in the capital markets. Through ReverseSoft, Sun West facilitates a seamless securitization solution for all scales of originators from private mortgage bankers and regional community banks to state and federally chartered banks," said Pavan Agarwal, executive vice president, Sun West Mortgage Company.

Sun West's proprietary software ReverseSoft handles the complex securitization process in a seamless manner. The complicated process of organizing and formatting loan data, both for transmission to the issuer's document custodian and for delivery to Ginnie Mae through GinnieNET, is achieved through ReverseSoft.

Interested parties may learn more by contacting Sun West Mortgage Company Inc. at (800) 453-7884.

ReverseSoft 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. ReverseSoft is now an integrated part of SunSoft which is Sun West's single, user-friendly platform for Reverse and Forward (e.g. FHA, VA, Conventional, Jumbo) mortgages.

To become a Sun West partner, mortgage bankers may send an e-mail to sales@swmc.com or call Anthony Toro directly at (800) 453-7884.

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 Master Servicer. 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.

About ReverseSoft®

ReverseSoft is Sun West's flagship loan origination system and servicing software system. Built on over 30 years of 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.

Learn more about:
Sun West Mortgage Company [NMLS ID 3277] at http://www.swmc.com
Reverse Mortgage Calculator at http://www.SimpleHECMCalculator.com

Anthony Toro
Phone: (800) 453-7884
Fax: (562) 924-6057
Email: media@swmc.com

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Consumer Home Loan Mortgages

Consumer Home Loan Mortgages

SWMC offers a wide range of residential home loan mortgage programs to suit different situations such as a purchase, refinance, a property rehabilitation loan or a reverse mortgage at the competitive interest rates.

FHA Purchase at 96.5% Financing, Streamline (Interest Rate Reduction) Refinance, and Cash-Out Refinance, 203(k) Rehabilitation Loan, 203(k) Streamlined Rehabilitation Loan, and the Home Equity Conversion Mortgage (Reverse Mortgage) and USDA Rural Housing mortgages.

If you are a Veteran, Sun West offers you VA guaranteed mortgages for Purchase Loans at 100% Financing, Cash-Out Refinance, and Streamline Interest Rate Reduction Refinance Loans (IRRRL).

You can use our simple mortgage calculator tools to find out your monthly payment, the house you can afford, your refinance options, or the home equity you may be able to access through a reverse mortgage (HECM).

As a full-service mortgage bank, Sun West is one of the few approved direct lenders to provide in-house origination, processing, underwriting, closing, funding, and servicing. Based in California with active presence across the country, Sun West is dedicated to offering exceptional service coupled with integrity, reliability, and experience.

Read More About Consumer Home Loan Mortgages >>
 
Mortgage Partner Services

Mortgage Partner Services

You can become a partner with Sun West as a Wholesale Mortgage Broker or a Correspondent Lender.

In addition to residential mortgage lending, Sun West also offers FHA multifamily,commercial and portfolio lending services.

As a partner you have access to SunSoft - Sun West's state-of-the-art mortgage loan origination and servicing software. Built on over 30 years of lending and mortgage technology experience, SunSoft is compliant with federal and state requirements.

Sun West is approved by Ginnie Mae as an Issuer, Servicer and Participation Agent. This rare approval enables us to issue securities backed by the full faith and credit of the United States. Consequently, Sun West is able to offer its partners and borrowers the competitive interest rates in the market.

Read More About Wholesale Lending >>

Read More About Correspondent Lending >>
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Press Releases

Press Releases

  • 08/20/2015: Sun West Mortgage Company, Inc. Named Million Dollar Lender by USDA Rural Development Read More..
     
  • 07/15/2014: Ivan 'Pudge' Rodriguez to Make His Debut at the 25th Annual American Century Golf Championship, Sponsored by Sun West Mortgage Company, Inc. Read More..
     
  • 07/1/2014: USDA Rural Development Names Sun West Mortgage Company, Inc. Lender of the Year Read More..
     
  • 04/28/2014: FHA 203(k) and PowerSaver Loan Offerings From Sun West Mortgage Company, Inc. Extended With New FHA PowerSaver 203(k) Program as a Single Home Improvement Solution for Homebuyers Read More..
     
  • 02/24/2014: Sun West Mortgage Company, Inc. Continues National Expansion Read More..
     
  • 07/23/2013: Sun West Mortgage Company, Inc. Offers Homeowners Access to the Hardest Hit Fund Relief in All Eligible States and D.C. Read More..
     
  • 05/15/2012: Sun West Mortgage Company Partners with EGIA to Introduce the FHA PowerSaver Loan Program Read More..
     
  • 12/16/2011: Sun West Mortgage Company and the Cerritos Sheriff Station team up to supply little boys and girls toys this holiday Read More..
     
  • 10/03/2011: Sun West Mortgage Increases Its Reach in New Jersey Read More..
     
  • 4/22/2011: Variable Servicing Margins on Different Participations of the Same Loan for HMBS Issuers Announced by Sun West Mortgage Read More..
     
View All Press Releases >>
 
Lender Alerts

Lender Alerts

  • 4/6/2017: Lock Desk and Trading Desk Closure Notification Read More..
     
  • 3/2/2017: Sun West Introduces SeeMyLoanStatus Read More..
     
  • 2/22/2017: Close more Loans: Reduced Overlay on Conventional Loans Read More..
     
  • 2/13/2017: Disaster reported by FEMA in the state of Louisiana Read More..
     
  • 2/13/2017: Presidents' Day Closing Notice 2017 Read More..
     
  • 2/1/2017: Disaster reported by FEMA in the states of Georgia and Mississippi Read More..
     
  • 1/10/2017: Martin Luther King Jr. Day Hours of Operation Read More..
     
  • 1/9/2017: Non-Agency Premium Loan Programs Read More..
     
  • 12/28/2016: Sun West’s Implementation of Truth in Lending (Regulation Z) ​Annual Threshold Adjustments Read More..
     
  • 12/23/2016: 2017 Loan Limits for Government Loan Programs Read More..
     
View All Lender Alerts >>
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