Sun West Mortgage Company Inc. is a mortgage company for residential and commercial real estate. The company offers several forms of assistance programs, including: unemployment assistance, mortgage reinstatement programs, principal reductions and transition assistance programs to their customers.
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Founding
Sun West was founded in 1980 in Cerritos California by Hari Agarwal as one of United States first mortgage banks. It has been involved with Ginnie Mae debt issuance.The company is currently headed by CEO Pavan Agarwal.
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Growth
In 2010, Sun West Mortgage created technology to streamline data collection with brokers and consumers. This new technology made for a more user-friendly experience that made it attractive to their customers and allowed for rapid growth of their mortgage backed securities.
Sun West also began a major expansion beginning with the hire of Robin Bergh in 2010. The former Wells Fargo executive role would be to lead Sun West's transition from strictly wholesale to retail and networking with local brokers to better serve communities. This transition made Sun West one of only two major lenders to offer retail reverse mortgage services during this time. They also opened a second headquarter in Morris County New Jersey as well as satellite offices around the east coast to provide loan service to a part of the country that had not yet recovered from the 2007 Financial Crisis. Around the same time, they opened offices around Puerto Rico and the U.S. Virgin Islands extending their reach outside the continental United States. Sun West also networked with local groups, like American Assist, consolidating services to become an institution capable of servicing the full financial needs of their clients.
Sun West Mortgage also partnered with the United States Department of Veteran affairs allowing eligible service members to be guaranteed a loan as well as borrow a greater percent against their home's value and allowing all loans to be insured by the United States government against default. This partnership led to Sun West Mortgage becoming a major lender to veterans.
Philanthropy
Sun West Mortgage has been a long time supporter of Forjadores de Esperanza home for children. After Hurricane Maria they collaborated with Ivan "Pudge" Rodriguez to provide a $10,000 donation to contributed to repairs of the home.
References
Source of the article : Wikipedia
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