Sun West Mortgage recently claimed having reached a 40-minute underwriting turnaround time for 70% of customers and a 1-hour time for 95%. The technology is from a company called Celligence, which is an "affiliate" of Sun West and was funded last year by Sun West CEO Pavan Agarwal.
Sun West describes itself as a "technology and financial enablement firm." It has other sites called LowRates.com, HomeBuyerConnect.com, and MortgagePossible.com, which seem to be additional faces for the Sun West mortgage lending business.
In addition, there is Celligence, which is supposed to "change how users connect, explore and interact with financial tools and the UX experience," and its major product called Morgan that turns a "pre-approval into a valuable, property-agnostic" NFT, or non-fungible token in cryptoasset parlance, that has "a conditional guarantee and is conditionally backed by real US dollars from Sun West Mortgage."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
