Equator announces Agent-Initiated Short Sale
BOA is on Equator-Anyone used it yet? Will it help?
Equator, the default-servicing industry technology leader is pleased to announce the launch of its new Agent-Initiated Short Sale feature. Starting December 8th, Agents have the ability to request a Short Sale through the Agent Portal on www.equator.com. Only certain industry leading Lenders are currently allowing Agents to initiate Short Sales through Equator. Since it is such a great way for agents to help their clients, we expect many more Lenders to follow suit in the months to come. Final determination of whether the property in question qualifies as a Short Sale is at the discretion of the Lender or Servicer.
Simply log into Equator.com, click the Initiate Short Sale link located in the header under the My Properties and Offers section, choose the Lender or Servicer, input the loan number provided by the Lender or Servicer, and request a Short Sale. For further details on the Agent-Initiated Short Sale, please visit www.equator.com today.
Note: Please do not contact Equator by phone to initiate Short Sales - Equator is simply the technology provider and as such makes no determination on any aspect of the Short Sale acceptance and/or decisions. Only the Lender or Servicer can make decisions on Short Sales.
Thanks,
Rita Legan
Equator, the default-servicing industry technology leader is pleased to announce the launch of its new Agent-Initiated Short Sale feature. Starting December 8th, Agents have the ability to request a Short Sale through the Agent Portal on www.equator.com. Only certain industry leading Lenders are currently allowing Agents to initiate Short Sales through Equator. Since it is such a great way for agents to help their clients, we expect many more Lenders to follow suit in the months to come. Final determination of whether the property in question qualifies as a Short Sale is at the discretion of the Lender or Servicer.
Simply log into Equator.com, click the Initiate Short Sale link located in the header under the My Properties and Offers section, choose the Lender or Servicer, input the loan number provided by the Lender or Servicer, and request a Short Sale. For further details on the Agent-Initiated Short Sale, please visit www.equator.com today.
Note: Please do not contact Equator by phone to initiate Short Sales - Equator is simply the technology provider and as such makes no determination on any aspect of the Short Sale acceptance and/or decisions. Only the Lender or Servicer can make decisions on Short Sales.
Thanks,
Rita Legan
Comment
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Comment by Harold Penner on December 29, 2009 at 2:08pm
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So far what I've gathered is that only some short sales have been outsourced to Equator/REOTrans. Appears to be Freddie and Fannie Mae investor owned. Private investors are still in original system. I have been told we still need to go through original authorization with bank to determine if this is an Equator short sale process or part of the original system. You can't simply click on "request short sale" and expect a response since not all are outsourced to there.
There is a seller login with tasks and an agent login. Could be positive if there are results. So, far the few I have in the system are just beginning. Just learning at this point. So, we'll see...
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