Special offer

Equator Doing Wells Fargo Short Sales

By
Real Estate Agent with HomeSmart Elite Group

Wells Fargo Home Mortgage announced today that Equator can be used to initiate, manage any Wells Fargo Mortgage short sale transactions

 Equator allows agents to:

Agents can check the status, upload documents 24/7, 365 days a year

  • Start the short sale process - with a few steps, initiating the sale is easy
  • Get updated short sales information  
  • Upload documents
  • Access the workflow of requested items for short sales - to readily know the items still needed

The following types of loan will be accepted through the system for your Wells Fargo short sale properties:

  • Wells Fargo Home Mortgage conventional loans, including Fannie Mae and Freddie Mac loans
  • America's Servicing Company loans
  • Veterans Association (VA) loans
  • Home Credit Solution(HCS) loans

 Will this speed the process?

 Is this just another PR related email to take some of the heat off?

 Or is Wells so over whelmed that they are trying to handle the workload and flow of documents better?

Posted by

Kristin Hamilton CA REALTOR
Berkshire Hathaway California Realty - Beaumont, CA
(909) 557-6966- Specialize 55+ Communties Banning

Interesting, I do reo's for WF but we use another site. Maybe we will change and go with equator.

Jul 05, 2011 06:24 PM
Sarasota & Manatee Counties FL
SaraMana Properties - QuickFreeMLS.com - Bradenton, FL
QuickFreeMLS.com - Listings In Paradise

Let us hope that this helps them to be more effective.

Jul 05, 2011 06:27 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I had heard that I think it will work out well for us and them.

Jul 05, 2011 06:45 PM
Cristina Salcedo
US Home Lending - Riverside, CA
Riverside, Loan Specialist

We have been using Equator for a a couple of years to process the BofA Short Sales and it is very efficient.  I think it will be good for all.

Jul 05, 2011 07:22 PM
Pacita Dimacali
Alain Pinel - Oakland, CA
Alameda/Contra Costa Counties CA

I've yet to have a good experience with short sale set up specialists and negotiators (BOA) hiding behind the Equator system. When specialists reject documents for reasons such as "other" wnich it the  only word, it seems, that they can upload on Equator --- you still spend the time making follow up calls to find out what they meant by "Other"

Equator isn't perfect....wish they'd hurry and fix the quirks of the process first.

 

Jul 05, 2011 07:48 PM
Jack O'Neal
HomeSmart Elite Group - Gilbert, AZ

Thank you for your comments, lets all hope it makes us as Realtors more effective and allows us to meet the needs of our clients.

Jul 06, 2011 04:01 AM