Dear Valued Partner,
To further pursue the highest level of lending practices, Sun West Mortgage requires a call on HECM loans specifically in cases that involve a Non-Borrowing Spouse (NBS) and/or a Non-Borrowing Resident (NBR). The intention of the call is to ensure that the borrower(s) and the NBR/NBS are familiar with all details of a HECM.
The below table illustrates when the call would be made and is based on the type of loan transaction.
Note: In the case of forward refinance loans, SWMC, at its discretion, may perform a customer service call to the borrower PTF.
If you have any questions, please feel free to call on your Account Executive at (800) 453-7884.
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