Sun West Crosses $2B Mark In HMBS

Sun West Mortgage Co. Inc. says it has facilitated more than $2 billion in Home Equity Conversion Mortgage-backed securities (HMBS).

Sun West's proprietary reverse-mortgage system, ReverseSoft, automates the process of organizing and formatting the loan data, both for transmission to the issuer's document custodian and for delivery to Ginnie Mae through GinnieNET. In addition, the system's design enables rapid integration with most industry standard reverse mortgage loan servicing software, Sun West says.

‘Sun West has facilitated the securitization process for originators of every scale, from federally chartered banks to regional mortgage banks," notes Payan Agarwal, executive vice president of Sun West. "Our partners love our technology because it eliminates the complexities of managing HMBS securitization, and therefore, they can focus on serving the senior community."

SOURCE: Sun West Mortgage Co. Inc.

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