Bill Black's Blog (2)

Purchase Sale Agreements

As a consultant offering Business Development for the distressed home market I have found lately one of the biggest issues is with the first page of the PSA. PLEASE remind all Agents that ALL information needs to be complete and names of sellers must match what is on Title- EXACTLY. 

Added by Bill Black on April 12, 2012 at 9:17am — No Comments

Metlife and First Horizon forwards servicing to IBM's new servicing division called LBPS

Another flavor of the day pops up- IBM's (LBPS) Lender Business Process Services is now servicing 10's of thousands of Metlife and First Horizon loans starting May 1st and June 1st



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If you are in a short sale with these two lenders ask the client to be prepared to receive the RESPA package explaining the servicing change and to send you the new loan # with a new ATR. You can also call in and request the loan # on a three-way the first time. They have not gave out… Continue

Added by Bill Black on April 26, 2010 at 2:11pm — No Comments

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