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REVERSE MORTGAGE ADDENDUMThis Reverse Mortgage Addendum made as of(mm/dd/yyyy),(this “Addendum”) is by and between(Co. Name), (“Broker/Correspondent” or “B/C”)and Sun West Mortgage Company, Inc. (“SWMC”). This Addendum supplements theMortgage Correspondent Agreement and/or Correspondent Agreement (the “Agreement”)between the parties to this Addendum to include B/C’s ability to submit Reverse Mortgageloan applications to SWMC.Now, therefore, the parties hereto, in consideration of the terms, conditions, promises andagreements hereafter set forth, and other good and valuable consideration, the receipt andsufficiency of which is hereby expressly acknowledged, mutually warrant, covenant andagree as follows:WHEREAS, SWMC is a mortgage lender which originates and funds residential mortgageloans, including Reverse Mortgage Loans, for portfolio and/or sale to investors in thesecondary market;WHEREAS, B/C originates and assists loan applicants in completing and processing ReverseMortgage loan applications (collectively, “Loans” and, individually, a “Loan”) forconsideration and review according to this Addendum and the Agreement and the SWMCCorrespondent Guide (hereinafter, referred to as “Guide”). For each individual loanapplication submitted to SWMC, B/C shall submit a complete and accurate loan applicationpackage (“Loan Application Package”) that strictly adheres toa) All requirements of local and federal laws and of Fannie Mae’s Home Keeper reversemortgage product as published by Fannie Mae and/orb) All requirements of local and federal laws and for insurance by the United StatesDepartment of Housing and Urban Development (“HUD”) under the Federal HousingAdministration’s (“FHA”) Home Equity Conversion Mortgage loan program (“HECM Loans”)and/orc) All requirements of local and federal laws and of SWMC’s CashKeeper product and anyamendments to the CashKeeper product guidelines announced by SWMC in writing fromtime to time (“Cash Keeper Loans”) and/ord) All requirements of local and federal laws and of the eligibility requirements for anyother Reverse Mortgage Loan programs announced by SWMC in writing from time to time(“Other Investor Loans”, together with Home Keeper Loans, Cash Keeper Loans, and HECMLoans, the “Mortgage Loans”);1. Purpose: B/C understands and agrees that the purpose of the Addendum is to enableB/C to submit Reverse Mortgage Loan Applications to SWMC to be evaluated for suitabilityof the proposed Loan as an investment for SWMC. Based on this evaluation SWMC willeither approve or reject the Loan Application at SWMC’s sole discretion.2. B/C'S DUTIES: B/C agrees to submit only Mortgage Loans to SWMC pursuant the termsof this Addendum and the Agreement subject to and in strict compliance with (i) theprovisions of the Fannie Mae Selling and Servicing Guides as they relate to applicablemortgage loans (including all policies, interpretive letters and guidelines issued by FannieMae there under) and (ii) in the case of HECM Loans, any and all rules, regulations,program handbooks, announcements and other guidelines, including, but not limited to,mortgagee letters, announced or distributed by HUD and FHA with respect to ReverseMortgage Loans (iii) the provisions of the SWMC product guides as they relate to applicablemortgage loans (including all policies, interpretive letters and guidelines issued by SWMCthere under) and (iv) For HECM Loans, all fees paid to the B/C shall not be in an amountthat would cause any loan to violate any of the FHA guidelines (v) B/C shall not charge anyInitials:________ BC App Ver. 7.7 10/06/2014 Page 34