Replies to This Discussion

Permalink Reply by Wendy Rulnick on January 6, 2010 at 4:12pm

Did you fax all to BOFA first before you were notified TS had the file?

Permalink Reply by alisa hagner on January 6, 2010 at 4:17pm

Yup. The BofA Negotiator called Friday left a message the the SS was approved and we should get the approval letter by Tuesday. I called today to find out that TS was assigned the file on 12/30 and they will handle it from here.

Geeze.

Permalink Reply by Stephanie Greenberg on January 6, 2010 at 5:10pm

I am an HRC with Titanium and when a short sale is assigned to TS, the listing agent keeps the listing and DOES NOT have to pay TS a referral fee. They are suppose to go faster through TS but like everything, this is a hit or miss. Hopefully it will be a hit for you Alisa. :)

Permalink Reply by alisa hagner on January 6, 2010 at 6:32pm

Except I can't get a fax through. The fax always times out. I will try tonight when I get home from bowling.

I am not a HRC.

Permalink Reply by Gunna Voigt on January 7, 2010 at 9:10am

Alicia,
I used to b an HRC with Titanium, presently "on leave". I did a BoA transaction with them that went through very smoothly (about a year ago). Since the Titanium people have a better "direct wire" into BoA, things got taken care of almost immediately, and since they traned us HRC's to send in the proper complete file immediately, that definitely helped as well.
But one thing, Alicia, fax doesn't work that well. I did it all by email, and the Titanium people work that way. Send them everything by email!

Permalink Reply by Makoto Sato on January 7, 2010 at 3:21pm

Wow.

Does this mean that BofA knows that Equator (formerly Reotrans) system is not working and are trying other solutions? If so, at least they're doing something about it.

As you know Reotrans (as the name implies) is a system built for REOs. They took those templates and converting them into short sale templates. I, along with everyone who was put into the Reotrans/Equator system, is a beta tester for the new short sale system. Only, they didn't tell us that we're beta testers. Wish they would ask us how to make their system better.

Permalink Reply by Dawn Barrier SFR®,CSP® on January 7, 2010 at 10:31pm

Hi all! I did a blog a while back about Titanium both here and on AR. There is also now a Titanium Group to join on here as well.

Permalink Reply by Gunna Voigt on January 8, 2010 at 8:58am

I started working with Titanium 3 or 31/2 years ago, for a variety of lenders. I don't understand what this hullaballoo is about all of a sudden. Titanium is a very good company, and all the lenders they work with are reputable, that's why they are leading the way to short sales with Titanium's help! We need all the help we can get to helpl those poor borrowers who are in trouble!

Dawn Barrier CSP®,HRC said:

Hi all! I did a blog a while back about Titanium both here and on AR. There is also now a Titanium Group to join on here as well.

Permalink Reply by Makoto Sato on January 11, 2010 at 1:40pm

I've been with Titanium for just over a year and can attest to the fact that they are a reputable company. I think that they have a lot more experience with short sales than Reotrans/Equator who has just recently created a short sale portal and are playing "catch-up" right now.

Note: Titanium's platform was built around the pre-foreclosure side of the sale. Reotran/Equator was built starting from the post-foreclosure side.

Permalink Reply by Gunna Voigt on January 11, 2010 at 8:24pm

As a Titanium HRC you know from teh begnning that Titanium has the file,it gets sent to ou by Titanium for action! YOu send all your information and the complete file to Titaniulm, nowhere else, you have a contract with them!

Wendy Rulnick said:

Did you fax all to BOFA first before you were notified TS had the file?

Permalink Reply by Dawn Maloney on January 24, 2010 at 10:05am

Alisa, any progress on this file yet?

Permalink Reply by alisa hagner on February 2, 2010 at 1:33pm

First file - although they told me they could get a decision in 10 days - it take 5 days to upload and QC docs, then they request more docs, then 5 more days to upload - then 10 days for review. It might take them 10 days, if they only count one a week.

Second file. They have everything, including the email from BofA saying they were generating the approval letter - now they want the buyer's lender letter. Uploaded that on Thursday.

Sometimes they say they will request a postponement, other times they tell me to call BofA directly. Not sure - but whatever wastes more of my time, right?

Dawn Maloney said:

Alisa, any progress on this file yet?