Sun West Introduces The Processor – NMP Skip to main content

Sun West Introduces The Processor

Christine Stuart
Apr 05, 2022
The Processor

Company says computer program can cut loan processing time to less than an hour.

Sun West Mortgage Co. says it has invested in an “instant underwriting machine” that it’s calling The Processor. 

According to the company, it can turn raw loan applications into processed applications within 59 minutes. 

“The Processor has saved us time and my clients are very happy,” said Fausto Valladares, senior loan officer of Elite Mortgage Pros. “The work that I normally would have to do and the worry that I would normally have to carry after the loan application is taken has been completely eliminated through automation. Our loans close smoothly and our borrowers get incredible rates.”

Sun West CEO Pavam Agarwa says the magic is the one-button processor. 

“Press one button and almost everything that a processor does manually is completed in minutes. All manual processing steps that are done to prepare a loan for underwriting have been eliminated," Agarwa said. "For example, some of those steps are review documents, send disclosures, calculate income, make a needs list, order VOEs, order case numbers, interface with numerous government agencies, run data validations, order third party services, etc.” 

“The Processor’s technology reduces all of those steps to a single button, so that a fully underwritten loan and one final needs list is delivered to you by 8 a.m. every morning," he said. "Without this technology, loan originators or their assistants need to do it by hand, where you have to wait a day or more (depending on your staff’s availability) to set up the loan file and then you get a needs list, and finally you wait a few more days for the underwriter, who typically will give you a new needs list.:"

The Processor will typically save 25 basis points in operating costs and will eliminate stress and anxiety, which is priceless, Sun West said in a news release.

Sun West is a licensed lender and servicer headquartered in Buena Park, Calif.

Published
Apr 05, 2022
More from
Tech
Openn Launches Pilot with bridgeMLS For Sales In California

Agents in Northern California, Bay Area will be able to list property and accept offers using the platform. 

Tech
May 24, 2022
All-Cash Offer Fintech Ribbon Expands Into Arkansas

Crye-Leike real estate agency to serve as first partner in the state.

Industry News
May 23, 2022
FirstClose Receives $35M Investment From Lateral

Fintech says it will use the investment to expand its growing financial services footprint.

Industry News
May 18, 2022
Zillow Group Bids Fond Farewell To iBuying

Reports solid 1Q 2022 earnings in part from selling off all but 100 homes left from Zillow Offers unit.

Industry News
May 05, 2022
Offerpad Earnings Continue To Set Records

Digital home buyer and seller reported revenue soared 384% in 1Q 2022 as it sold a record number of houses.

Industry News
May 04, 2022
Xactus Appoints New Chief Financial Officer

Paul Ryan has over two decades of experience in financial roles

Tech
Apr 20, 2022