Comment

Comment by Jan Sanderlin on March 2, 2012 at 6:19am

Hi All, After a really, really bad equator experience with WF, I went back to faxing my short sale packs to WF.  One of my senior management contacts at WFadvised me that their equator processing team is not up to speed.  I think that I'll wait until they force me to use equator for WF short sale files.  If all of you remember, the learning curve for BofA was fairly significant...but they now have their wquator act together.  Good luck!.

Comment by Thom Colby CA Brkr 888-391-5245 on March 2, 2012 at 5:59am

@James

Equator for Wells is very different than Equator for BofA.  Once you upload documents you can no longer see them - they remove them from the file or it's just blocked for us not to see.  Also, I initiated mine without a contract and about 2 weeks later I was told to upload contract or file would be closed.  Luckily I received 2 offers that day and uploaded the best offer. 

 

It's certainly not as seemless as BofA.

 

Best of luck,

Comment by James Lockard on March 2, 2012 at 3:09am

Talked to Wells Fargo yesterday for new short sale listing since it has been a long while I did a WF SS.  They told me all files have to go through Equator and I could initiate it at any time, even without a purchase contract. Seller would be evaluated for HAFA and BPO would be requested upon initiation. They also told me they would close the file if I did not get a contract quickly but did not give me a time frame. My question to the SS Superstars is should I intiatie the file in Equator when getting the listing or should I wait for a contract?  Thanks All for your response in advance.  

Comment by Kim Eisen on February 24, 2012 at 12:14pm

@ Kevin - Greenville, SC - Thank you so much for the info.  Michelle got it to her team and they are actually moving in Equator and even called me. Wow!  I'll let you know what happens.  Really love you right now ; ))) 

Comment by Kevin - Greenville, SC on February 22, 2012 at 8:30am

Kim,

Call me. 864-485-9283

Comment by Kim Eisen on February 22, 2012 at 8:15am

Kevin, Yes I sent the offer in on January 4th they completed the borrower review on January 10th and sent letter on Jan 11th they couldn't help.  Now it has gotten nowhere.

Comment by Kevin - Greenville, SC on February 22, 2012 at 8:04am

Kim,  Yes, I would go ahead an initiate in Equator.  Do you have an offer?  All FHA Loan are required to be reviewed for retention prior to acceptance in the PFS Program.

Comment by Victoria Frieberg on February 22, 2012 at 8:02am

wells%20fargo%20name%20affidavit.pdf 

Comment by Kim Eisen on February 22, 2012 at 8:00am

@ Kevin - It's an FHA SS, yet the thing is I can't seem to get it out of Home Preservation to Loss Mitigation. I don't know who to escalate it to, can you help. Talked to the appraiser yesterday and he said he filed it with Core Logic last week.  Should I just open a file in Equator so someone really looks at it?

 

Comment by Sean Barrow on February 22, 2012 at 7:59am

Click on the Paper Clip image here at the top of the comment box and then click on the 'Browse' button.

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