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:
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:
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.
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.