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Sun West Mortgage Hits the $6 Billion Mark in Ginnie Mae HECM MBS

NationalMortgageProfessional.com
Feb 17, 2011

Sun West Mortgage Company has achieved a new milestone as a Participation Agent for Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities (HMBS) by crossing the $6 billion mark. Sun West, with three-plus decades of experience in mortgage banking and technology, has successfully capitalized its strengths to build a strong scalable technology platform in ReverseSoft, a product that provides 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. 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. For more information, visit www.swmc.com.
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