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Sun West Mortgage Company Inc. has launched a distributed retail division called Mortgage Possible.
In a statement, Sun West Mortgage CEO Pavan Agarwal stated that Mortgage Possible is being poised as “one of the first distributed retail lenders to offer a true digital experience through its use of advanced technology that changes the game for both the consumer and the mortgage loan originator.” Mortgage Possible will initially focus on the California, Arizona, Nevada, New Jersey and Missouri markets, and the new division is aiming for a goal of nationwide operations.
The new division will be based out of Sun West Mortgage’s headquarters in Buena Park, Calif. Sun West Mortgage runs a $9 billion loan servicing portfolio and is licensed to lend in 48 states, Puerto Rico, and the U.S. Virgin Islands.
