Published: February 16, 2011
Sun West Mortgage Company Crosses $6 Billion Mark in Ginnie Mae HECM Mortgage Backed Securities
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 at 'http://www.swmc.com'
Reverse Mortgage Calculator at 'http://www.SimpleHECMCalculator.com'
Anthony Toro
Phone: (800) 453-7884
Fax: (562) 924-6057
E-Mail: media@swmc.com
HTML: http://www.eworldwire.com/pressreleases/212060
PDF: http://www.eworldwire.com/pdf/212060.pdf
ONLINE NEWSROOM: http://www.eworldwire.com/newsroom/311585
Sun West Mortgage Company, Inc.
PHONE. 8004537884
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