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Lender Alert
SWMC - Appraisal Ordering Process
Go Back - Home > Lender Alerts > February 16, 2010

Important Notification

Dear Valued Partner,

On Sep 18, 2009, HUD released new requirements (Mortgagee Letter 2009-28) on ordering FHA appraisals. For all Case Numbers assigned on or after 02/15/2010, the following requirements will apply:

  1. Mortgage Brokers and Commission-based Lender Staff are prohibited from ordering Appraisals
  2. Lenders must ensure the accuracy of the Appraiser identified with the loan in FHA Connection
  3. Lenders must comply with fee restrictions when using Appraisal Management Companies

Sun West has implemented the above Mortgagee Letter and streamlined the process while ensuring proper compliance.

To simplify the Appraisal Ordering process for you, Sun West Mortgage Company (“SWMC”) has updated SunSoft Online (www.reversesoftonline.com). You may now request for appraisals with the click of a button.

After creating the loan, click on the Vendor Order link in top right hand area of the screen.

The Vendor Order screen provides you the ability to request for Appraisal, Title, and Escrow through SWMC. In the Appraisal section, you may specify an Appraisal Management Company of your choice. If not specified, SWMC will select one for you.

Click the appropriate Request button for the desired service.

Once requested, the system will confirm the request received date.

SWMC’s processing department will then contact you for credit card authorization. You can come back to this screen to check the status for the Ordered and Received Dates. 

The following Appraisal Management Companies are currently approved with Sun West Mortgage: 

  • LendServ
  • StreetLinks National Appraisal Services
  • Innovative Appraisal Network LLC
  • Dwellworks, LLC
  • Nations Lending Services
  • Brentwood Property Appraisal
  • Appraisal Loft
  • Broad Street Valuations
  • Appraisal Logistic Solutions, Inc.
  • InHouse Solutions
  • Landmark Loan Services, LLC

Note: You may order the FHA Case numbers without identifying the appraiser. Once the case is transferred to SWMC, SWMC will assign the appraiser.

If you would like to recommend an Appraisal Management Company, please e-mail the request along with the name, address, and phone number to your Account Executive.

If you have any questions, please contact your Account Executive at (800) 453-7884.

Sun West Mortgage Company, Inc.
18303 Gridley Road
Cerritos, CA, 90703

Sun West Mortgage Company, Inc. is licensed by the Department of Corporations under the California Residential Mortgage Lending Act and holds a California Finance Lender License (603 0119) and a Corporation Real Estate Brokers 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; Toll Free: (800) 453-7884. All Sun West programs are subject to change without notice.

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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 >>
 
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You can become a partner with Sun West as a Wholesale Mortgage Broker or a Correspondent Lender. If you are a mortgage banker, ask us about our Warehouse Lending program.

In addition to residential mortgage lending, Sun West also offers FHA multifamily, healthcare facilities, 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.
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Press Releases

Press Releases
  • 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..
     
  • 2/16/2011: Sun West Mortgage Company Crosses $6 Billion Mark in Ginnie Mae HECM Mortgage Backed Securities Read More..
     
  • 10/26/2010: Capital Markets Cooperative and Sun West Mortgage Company Creates New Strategic Alliance Read More..
     
  • 7/14/2010: Sun West Mortgage Issues Green Building Guidelines For Multifamily Projects Nationwide Read More..
     
  • 3/18/2010: Pentagon Federal Credit Union and Sun West Mortgage Announce First in the Nation Approach to Reverse Mortgage Initiative Read More..
     
  • 1/28/2010: Ginnie Mae Hope for Homeowners Securities Issued by Sun West Mortgage Read More..
     
  • 1/28/2010: Sun West Crosses $2 Billion Mark in Ginnie Mae HECM Mortgage Backed Securities Read More..
     
View All Press Releases >>
 
Lender Alerts

Lender Alerts
  • 05/16/2012: Introducing SWMC Express: Reduced Overlays and Faster Reviews! Read More..
     
  • 04/18/2012: Reduced FHA Streamline Overlays Read More..
     
  • 04/17/2012: Same Day Underwriting For Fha Streamlines. Submit Your Streamlines Now. All Other Products: 48 Hours Or Less Read More..
     
  • 04/11/2012: Webinar Invitation Streamline Loan Delivery and Purchase with Sun West Read More..
     
  • 04/04/2012: SWMC Service Alert Read More..
     
  • 04/04/2012: SWMC Early Lock Desk Closure Notification Read More..
     
  • 03/22/2012: Additional Reduced Overlays for FHA Streamlines Read More..
     
  • 03/15/2012: SWMC Presents "FHA 203k" Read More..
     
  • 02/22/2012: Sun West Announces Relaxed Guidelines for FHA Streamline Refinances Read More..
     
  • 02/07/2012: SWMC Product Guidelines - FHA Jumbo Update Read More..
     
View All Lender Alerts >>
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Notice to prospective vendors, service providers, brokers, dealers, trading counter-parties, and corporate partners:
The only persons authorized to enter into contracts on behalf of Sun West Mortgage Company, Inc. are the company's President and Chief Executive Officer.

You may call our corporate office at +1 (800) 453-7884 or e-mail contracts@swmc.com to verify the execution of any contract.
 

Sun West Mortgage Company, Inc. (NMLS ID 3277) is exempt from licensing as a Wholesale Lender in Nevada [(775) 684-7060]; and licensed as a Residential Mortgage Lender in Wyoming (License# MBL-1902) [(307) 777-6483]; is licensed in Alaska as a Mortgage Broker and Lender (License# AK3277) [(907) 269-4594]; Licensed by the Mississippi Department of Banking and Consumer Finance (License# 603/2008) [(800) 844-2499]; is a licensed Mortgage Lender and Servicer in South Carolina (License# MLS-3277) [(803) 734-2020]; by the Department of Corporations as a California Finance Lender (License #6030119) with a Branch Office in Corona, CA (NMLS ID 363427) [(866) ASK-CORP] and is licensed by the Department of Real Estate (License #00793885) [(877) 373-4542]; is a licensed lender in Delaware (State Bank Commissioner License# 9970) [(302) 739-4235]; registered in Ohio under the Mortgage Broker Act Mortgage Banker Exemption (MBMB.850093.000) with a branch (NMLS ID 447576) in Westerville, Ohio (License# MBMB.850093.001). [(614) 728-8400]; is licensed in Oklahoma as a Mortgage Broker (License# MB001619) [(405) 521-3653]; is licensed by the Hawaii Department of Financial Institutions as a Mortgage Loan Originator Company (HI-3277) having a Branch Office (Mortgage Loan Originator Company Branch License HI-719250) in Kapaa, HI (NMLS 719250) [(808) 586-2820]; licensed by the Arizona Department of Financial Institutions registered in Arizona as Sun West Mortgage USA Company, Inc. DBA Cal State Funding and licensed as a Mortgage Banker (License# 0909624), a branch in Chandler, AZ (NMLS ID 167400) and Scottsdale, AZ (NMLS ID 359295) [(602) 771-2800]; is licensed by Florida’s Office of Financial Regulation with a Mortgage Lender License (License# MLD266) [(850) 410-9895]; licensed Broker by the Virginia State Corporation Commission as (License# MC-4999) [(804) 371-0484]; Sun West Mortgage Company, Inc. (NMLS ID 3277) has a Consumer Credit License in Alabama (License# 21015) [(334) 242-3452]; is a Residential Mortgage Loan Broker licensee in Missouri (License# 11-1881-S) [(573) 751-4243]; is a licensed Mortgage Lender in the District of Columbia (MLB3277) [(202) 442-7821]; registered by the Tennessee Department of Financial Institutions under the Residential Lending, Brokerage and Servicing Act (License# 3552) [(615) 253-6714]; a South Dakota Licensed Mortgage Lender (License# ML.04740) [(605) 773-3421]; by the Colorado Department of Law Uniform Consumer Credit Code, holding a Supervised Lender’s License (989559) and a Mortgage Company Registration [(303) 866-4527]; is licensed by the New Hampshire Banking Department as a Mortgage Banker (License # 13604-MB) [(603) 271-8675]; is a licensed Mortgage Banker in Pennsylvania (License# 21829) [(717) 787-7334]; is a licensed Mortgage Banker in Iowa (License# 2007-0093) [(515) 281-4014]; a registered Texas Mortgage Banker (NMLS ID#359295) [(877) 276-5550]; is a licensed mortgage lender in Maryland (License# 17740) [(410) 230-6155]; has a Consumer Loan License in Washington (CL-3277) [(360) 902-8703]; has a Mortgage Company License (License# MC.0025065) in Kansas [(785) 296-2266]; is a licensed Mortgage Lender and Servicer in Puerto Rico (License# IH-138) with a branch license in Guaynabo, Puerto Rico (NMLS ID 516931) [(787) 723-8403]; is a licensed lender in New Jersey (License# 9400980) with a branch office in Denville, NJ (NMLS ID 454915) by the New Jersey Department of Banking [(609) 292-7272]; is a registered third party servicer in Massachusetts (Registration# LS3277) [(617) 956-1500]; is a licensed lender in Vermont (License# 6060) and a licensed Loan Servicer (License# 3277-1) [(802) 828-3307]; a mortgage lender in West Virginia (License# ML-23946) [(304) 558-2294]; and is licensed as a Mortgage Banker in Wisconsin (License# 212942BA) [(608) 261-7578]; is licensed as an Illinois Residential Mortgage Licensee by the Office of Banks and Real Estate, Mortgage Banking Division, (License# MB.6760356) [(312) 793-1955]; is registered as a First Mortgage Broker, Lender and Servicer in Michigan for first (License# FR0016085) [(877) 999-6442]; is licensed in Idaho as a Mortgage Broker and Lender (License# MBL-6742) [(208) 332-8002]; is a North Dakota licensed Money Broker (License# MB101661) [(701) 328-9932]; is licensed as a Mortgage Loan Company by the Department of Financial Institutions in Kentucky (License# MC71444) [(800) 223-2579 ]; is a First Lien Mortgage Lending licensee with Indiana Department of Financial Institutions (License# 11272) [(317) 232-3955]; is a licensed lender in Utah (License# 7477238) with a branch license in South Jordan, Utah (NMLS ID 776241) [(801) 530-6297]; is licensed as a Supervised Lender in Maine (License # SLM9710) [(207) 624-8539]; an Oregon Mortgage Lender Licensee (License# ML-4599) [(503) 378-4140]; is a licensed Mortgage Lender in Georgia (License# 22591) [(770) 986-1633]; is licensed as a Mortgage Banker and Mortgage Servicer by the Arkansas Securities Commissioner (License# 40431) [(501) 324-9265]; is a licensed Mortgage Banker in Nebraska as dba Cal State Funding, Inc. (License# 1908) [(402) 471-2171]; is licensed as a Residential Mortgage Lender in Louisiana (License# 2713) [(225) 925-4660]; is licensed as a Mortgage Lender in Montana (License# 3277) [(406) 841-2928]; the Connecticut Department of Banking (Registered in Connecticut as Sun West Mortgage Company, Inc. dba Cal State Funding, Mortgage lender (License# 19683) [(860) 240-8275]; registered in New Mexico under the Mortgage Loan Company and Loan Broker Act (License# 03201) doing business as Sun West Mortgage USA, Inc. [(505) 476-4908]; is a licensed Residential Mortgage Originator in Minnesota (License# MN-MO-40020564) [(651) 296-6657]; is licensed in New York as a Mortgage Banker-NYS Banking Department (License# B500897) [(212) 709-3847];

In all states, the principal licensed office of Sun West Mortgage Company, Inc. (NMLS ID 3277) is 18303 Gridley Road in Cerritos, CA 90703; (800) 453-7884.