Short Sales with American Home Mortgage Services ces...servicing former Option One clients
AHMSI changed its name to Homeward Residential
Website: http://shortsalesuperstars.com/ahmsi
Members: 233
Latest Activity: Feb 15, 2015
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Financial_Analysis_for_Loss_Mitigation_Workout_Form.pdf
Short Sale Fax #:866-452-1837
website: www.gohomeward.com
Phone#: 877-304-3100
LOA Fx# 866-795-6529
Be prepared to have the short sale outsourced to PowerReo. Here's their agreement
About AHMSI Established in April 2008, AHMSI services residential mortgage loans, including traditional, Alt-A, interest only and subprime and is one of the country's largest servicers of sub-prime and Alt-A loans. The company is headquartered in Irving, Texas, and operates as well through locations in Irvine, Calif., Jacksonville, Fla., and Pune, India. As of October 30, 2008, it managed a portfolio of more than $85 billion. WL Ross, founded by Wilbur L. Ross, is a private equity firm based in New York City and currently oversees in excess of $5.0 billion in private investments. AHMSI is owned by several funds that are ultimately controlled by WL Ross.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ayDXuthhd7kQ
http://www.housingwire.com/article/wilbur-ross-ahmsi-changes-name-adds-correspondent-lending
Started by Bryan Crabtree. Last reply by Kevin - Greenville, SC Feb 27, 2013. 3 Replies 1 Like
Started by Joan Vaca. Last reply by Joan Vaca Feb 26, 2013. 3 Replies 0 Likes
Started by Mitzy. Last reply by Sherri Elliott Dec 3, 2012. 5 Replies 0 Likes
Comment
Does anyone have good results to share about working with Homeward? Any supervisors/contacts that will assist with a smooth transaction?
Thanks!
Need help! Buyer side- On 10/15/2012 we signed the counter offer from Homeward and agreed to their 10K increase in price. We have been waiting since then for the approval letter and nothing. Does anybody have an idea of how long it takes for the letter to arrive? Also I agreed on the price increase before I found out the roof needs total replacement! Any suggestions?
F.Y.I
About Power REO..Come to find out they are a subsidiary of Homeward Residential...Go figure uh? I was told this by the first negotiator I had contact with after receiving my first email through Equator from them...They charge a half a point and a technology of $250.00 to the buyer...
Hello fellow Super Stars,
I also need help escalating a SS that I have with Homeward Residential...I've uploaded all documents per their request via Equator...BPO was performed 2 1/2 weeks ago. I sent several emails to the negotiator and left several messages...no reply nor call...I went back in yesterday and now see that it has been assigned to an Asset Manager...Sent her an email as well and requested a status update..It's going on 3 full weeks since I last received any communication from them and that was in regard to the BPO...Can anyone please help or give me some suggestions please?? Thanks!
Joanne - email me @ [email protected].
How to Escalate Homeward/ Power REO????
Negotiator (Power REO) voicemail box is full, for past 3 business days, NO response to emails via Equator; backup voicemail box is "invalid or full".
Does anyone have an escalation phone #? They asked via Equator on 10/2 for additional seller docs, provided within 24 hours, nothing since then. Thanks!!!!
Evelyn - I have had similar problems. Borrower applied for HAFA over 100 days ago and have been waiting for an appraisal since July. Negotiator would not return calls. I left messages for 4 or 5 different "supervisors" as well - all unreturned.
Last week, I told the rep that answered the phone to email each one of the "supervisors" and let them know that I was filing a complaint with our state's Banking Commission. I received my first phone call (ever) from the negotiator within 1 hour.
Turns out, he is with Power REO. He gave me his email address - [email protected]. So, maybe you could try to contact the negotiator that way? Homeward Residential apparently outsources ALL short sales.
Another tip- if it's not a HAFA short sale and you DO have an offer, you may need to initiate in Equator. They will assign it to a 3rd party vendor and expect you to reduce commission to pay for it....
HELP! Homeward Residential has had the file almost 2 months and NOTHING has been done. Can't get anyone competent on the phone and my negotiator never returns my calls and his supervisors are just as bad. Advice? We have a sale date set and I need this file moved fast!
Had an approval on a vacant investment house from AHMSI (Homeward), still working the 2nd mortgage with a different company, but AHMSI (Homeward) was not the problem.
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