Lender Expects More Growth Despite Market Conditions
Sun West Mortgage Company, a full-service mortgage banker serving homebuyers and mortgage borrowers for over 40 years, keeps growing despite market conditions.
Last year, despite the negative effects of the pandemic, Sun West recruited and hired over 600 new employees, including 80 new team members in Puerto Rico. In the process, the lender grew its business over 500% from the previous year.
“We’re proud of the growth we’ve achieved over the past year, but we have no intention of stopping,” said Ty Kern, Senior Managing Director of Retail Sales. “While the mortgage market is off by nearly 25% from 2020, Sun West retail is 25% ahead of last year’s pace.”
When asked how the company plans to continue growing in a market that can only get more competitive as we move closer to the coming purchase money market, Brian Mitchell, also a Senior Managing Director of Retail Sales said, “We plan to hire 120-150 additional Loan Officers by the end of 2021. Even when the industry is slowing down, we will not. We want to continue our pace and we plan to achieve that by adding additional products, marketing and technology to our business.”
Last summer, Sun West instituted a new program it calls the Loan Officer Reinvestment Act, which provided a wide range of support options designed to help any loan officer double their production. This program has made it much easier for the company to continue to find and recruit top talent.
Sun West Mortgage Company, Inc. is licensed nationwide and is a full service, mortgage banker established in 1980. Sun West offers a diverse set of products with low rates and excellent pricing. Sun West is a HUD-approved mortgagee (FHA & HECM), VA LAPP approved lender, USDA lender, Fannie Mae and Freddie Mac Seller / Servicer and Ginnie Mae Issuer and Servicer. Sun West is a leader in HMBS, residential, and commercial securitization.
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.
