Sun West Mortgage
Sun West Mortgage Company Inc. (“Sun West Mortgage”) is a mortgage finance services company licensed to originate mortgage loans in 49 states across the United States, Puerto Rico and the Virgin Islands. Its focus is on retail and wholesale mortgage lending and is a HUD-approved mortgagee for FHA & Home Equity Conversion Mortgages (HECM); VA LAPP approved; a USDA lender; Fannie Mae and Freddie Mac Seller/Servicer and Ginnie Mae Issuer. History. Sun West Mortgage (NMLS ID 3277) was founded in 1980 and is currently headquartered in Buena Park, California. Since 2007, the business of SWMC is  processed through an Indian company called XL Dynamics (located in Navi Mumbai), which is owned by the same owner as SWMC. Sun West Mortgage made a transition from strictly wholesale to retail. 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 headquarters 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. However, most of these appeared to have been  closed down. Sun West also networked with local groups like American Assist. In 2018 Sun West Mortgage started business in the retail sector with new DBA name Mortgage Possible. In order to further expansion, Sun West Mortgage hired Andrew Platt as senior managing director. In 2010, Agarwal began doing business in Puerto Rico. He relocated a piece of his flagship firm Sun West Mortgage to Guaynabo when most state-based lenders were leaving the island. Currently, the firm employs over 200 local employees and funds around 20% of all monthly mortgage applications on the island. In 2020, Sun West Mortgage  originated over 30,000 mortgages with an origination volume of $9.14 billion.