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Comment by Michael Hayley on June 12, 2013 at 6:41am

I closed a Nationstar and I think we used a generic 3rd party. I attached some forms I found. 

generic%203rd%20party%20authorization.pdf

nationstar%20financial%20packet.pdf

Comment by Helena Kaucheck on June 12, 2013 at 6:36am

Hi Eloise, I had the same situation with a servicer transfer to Green Tree from BoA.  When BofA releases they provide the new servicer the docs that they have supposedly.  The new servicer that being Nationstar in your case does what they call "boarding" the former servicer docs.  If Nationstar does not have the BofA 3rd party, I've had them accept the BofA one.  You may want to have the Seller provide you with the new servicers loan number but I've had luck having Nationstar and other servicers cross referencing back the BofA one.  You may end up needing to resend a new one.  I think the lenders all have their own seperate system in Equator so you may have to go and resend the BofA one as part of your initiation or task.  Worse case scenario call Nationstar.  I normally send them my own (which I always get) and the one that I had to have filled out for BofA too.  Hope this helps.

Comment by Eloise P Wexler II on June 12, 2013 at 6:26am

I have a BoA file that has been around the block several times and has ended up with Nationstar on 5/30/13.  I need to initiate the short sale (again) in Equator. Where can I get their 3rd party authorization form?  I have the BoA 3rd party authorization form that the Borrowers filled out which is uploaded into Equator - and my BoA account specialist is telling me that Nationstar should be able to 'see it' - but I am not taking anybody's word for anything at this point!  Can I send Nationstar the BoA 3rd party authorization form - OR - does Nationstar have one which I must use?  "Help!"  Thank you everybody!

Comment by Tara Samney on May 3, 2013 at 7:41am

I have a client with a FHA backed loan through Nationstar.  Very far behind.  How is Nationstar handling these?  Do I initialize it through Equator (I know in the past some servivers didn't run FHA through Equator).  Thanks!

Comment by Janna Rankin Scharf on May 2, 2013 at 12:47pm

Nationstar will only pay seller concessions if the buyer is using Nationstar to obtain their mortgage.  You no longer HAVE to have the buyer go through Nationstar, but you won't get any seller concessions unless you do.  Let the good times roll!

 

Comment by Ellen Dittman on May 2, 2013 at 12:42pm

Can someone share with me thier experience with Nationstar and seller concessions policy? Thanks in advance!

Comment by Trong Dang on April 17, 2013 at 10:16am

I need some advice- My Seller Freddie loan is being transferred to NS on 4/26 being "on board" 4/30 from MetLife with a sale date of 5/24. MetLife won't send the offer to the Investor because the transfer is too close. I was told by the Short Sale dept at NationStar that they may not open the file for review as the sale date is less than 30 days away, but they will "try". They will not take into consideration the transfer. Does any one know if there is any way to escalate or has experienced something similar?? I really appreciate any input.

Comment by Anna Parker on March 7, 2013 at 8:55am

Wendy -- we're on the listing side.  While I hear your position - another factor for this property is that in current condition property needs approximately $10-$15K worth of work (roofing, siding, chimney work, electrical, etc). Based on condition BPO value is high.  Trying to work for best interest of our seller of course - so currently brain storming with buyer's agent. But came to this forum for additional help also -- so any other suggestions out there?

Comment by Wendy Smith on March 7, 2013 at 8:52am

Anna, are you saying the buyer will "let go" of the house he picked out for less than 2k?  If that buyer won't pay $108k, I'll bet there's a buyer that will pay $108 and you can move on to a closing - if you are the listing agent, your responsibility is to the seller, no?  the longer the short sale drags out while you try to negotiate or save $2k for the buyer works against your client, the seller.   ...just saying...

Comment by Anna Parker on March 7, 2013 at 7:49am

Alright folks -- need some help! Have an offer in, BPO valued about $10K high to $115K, negotiator says investor "doesn't allow for disputes." Buyer current offer at $106K with NO closing cost contribution -- payoff to NationStar at approx $96K. Negotiator will NOT budge off of $98K payoff.  Literally about $1792 difference between the two. Any recommendations or info for higher ups at NationStar? I keep talking to low level call reps in SS dept who are on power trip when they talk to me & negotiator is NEVER available. Thanks for your help!

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