HomEQ Servicing

Members: 49
Latest Activity: Jul 20, 2011

*** Ocwen Purchased HomEq on September 1st of 2010.****  SEND ALL PACKAGES TO THEM INSTEAD.

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Discussion Forum

HomEQ - Now Ocwen?

Started by jeni lamberto. Last reply by jeni lamberto Mar 28, 2011. 2 Replies

I just received a HomEQ deal....are they now serviced by Ocwen?

Need to Contact HomEq

Started by A W. Last reply by Ro Reed Jan 6, 2011. 1 Reply

I had a second mortgage with HomEq, and we were in the middle of a short sale. The first mortgage was approved for the short sale, and we were waiting for HomEq to approve the request. I spoke with…Continue

BOA on first HomeEq on second just signed "Acknowledgement n Declaration Statement"

Started by Dee Catzin. Last reply by Dee Catzin Apr 17, 2010. 2 Replies

As a buyer, BOA just approved the sale but current owner has a second with much longer, am I close to finalizing the deal?we have a date from BOA of the 15 of may.How fast can they accept…Continue

Comment Wall


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Comment by Lori Young on September 1, 2010 at 6:41am
Kiss another listing goodbye. Another lender you will not be able to finish a file on is Homeq. Ocwen purchased HOMEQ and is outsourcing jobs to Ocwen Bombay and another country. I hope the hell our government is not paying these people a bonus for loss mitigation. Ocwen will not stop foreclosure sales and is difficult to work with. Just my opinion from years of experiance with both Homeq and Ocwen.
Comment by Michael Schneider on August 5, 2010 at 2:50pm
Does anyone have a senior contact at HomEq that they would share?
I have a HomEq negotiator who is overly eager to close out the file, contrary to all parties interests, including HomEq. I need an escalation contact to try to prevent stupid from happening.
Any suggestion would be appreciated.
Comment by Danny D on June 2, 2010 at 4:36am
Anybody know the commission structure for HomeQ? standard commission? how much for both sides?
Comment by Cindy Greenya on April 15, 2010 at 7:58am
This is great information!
Comment by Neil L. on March 26, 2010 at 4:42am
Sorry, I've never been able to speak to a supervisor. They keep that info very private. They will NOT accept emails and docs take 2-3 days to get into their system.
Comment by Myra McCaskill on March 26, 2010 at 4:38am
Hi All. Does anyone have a direct contact number and ext to the Short Sale Dept Manager. I need to escalate the set up of a short file at HomeEq. Do they have email also? If so what is the what is the format of their emails? Thank you
Comment by Neil L. on March 18, 2010 at 8:36am
How long to approve after paperwork is in? Very quick actually, i don't remember how long my last one was but i think it was a week or two.

Investor approval will take up to 14 business days from final submission if the offer is below a certain percentage of the loan balance.

There's no way to make final approval go faster. Our last deal with them, we were AT CLOSING and they were reviewing the final hud again and found that they forgot to do an INTERNAL BPO and cancelled the closing. They Ordered the new BPO, received it, and then it sat in their investor approval queue 13 business days out of the max of 14 days. In this instance, the negotiator "messed up" so you would expect an expedited approval, right? nope.

After all this, we still like HomeEQ deals. Make sure you have the homeowner fill out the additional documents in THEIR package.
Comment by Del on March 18, 2010 at 7:37am
What has been your time frame experience with HomeEq? How long to get assigned to negotiator and for final approval? Thanks
Comment by Curtis L. Doss on January 2, 2010 at 10:49am
Thank you very much Neil for the fast response. I greatly appreciate it.
Comment by Neil L. on January 2, 2010 at 10:18am
Curtis, if they put on the approval that they will be sending a 1099, they CANNOT pursue for a judgment. That's the wording you will get from them and if you ask any attorney, they'll confirm.

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