Dear Valued Partner,
In line with the communication of " Mortgage Limits - Effective October 1, 2011 " on September 16, 2011, this announcement is to provide the cut-off date to submit and lock loans originated with Temporary loan limits established under ARRA.
For Correspondent Lender Partners:
All loans delivered to Sun West for purchase must be locked on or before September 27, 2011.
*FHA loans must comply with the additional guidance provided in the previous announcement dated September 16, 2011. Click Here to access the announcement.
For Wholesale / TPO Partners:
Last date for submission of loans to Sun West is September 23, 2011 and all loans originated with Temporary loan limits must be locked on or before September 27, 2011.
If a loan fails to close by the trigger date, the loan approval is subject to revision. Click Here to view the Trigger Dates & possible result of revised approval as per Permanent Loan Limits defined under HERA.
Sun West will make every attempt to ensure that current loans in the pipeline, which would be affected by the change in Loan Limits, close within the deadline dates.
If you have any questions, please feel free to call on your Account Executive at (800) 453-7884.
Sun West Mortgage Company, Inc.
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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 towww.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