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Equator REvolution - Workflow

By EQUATOR HOMES

Services for Real Estate Pros with Through Altisource Solutions, Inc., an affiliate and nonexclusive service provider for EQUATOR® and Altisource®

May 24, 2012 04:26 AM

Equator has incorporated the features agents have asked for, as well as additional features to simplify agents’ lives in a familiar, intuitive way. REvolution Basic features a new, tabbed approach to navigating and managing properties & workflow. Tabular views such as My Properties and Tasks can display up to one hundred items at a time, allowing an Agent to quickly check property status, offers, tasks, and much more! On the workflow page agents can tab between their assigned tasks, and offers to make accessing both more efficient. The task page allows you to show up to one hundred tasks at a time, or as few as ten at a time so that agents can customize their view. Agents can easily initiate short sales, find and accept BPOs, post properties for free to Equator’s Foreclosure Listing Service, or search all properties within the Search Properties tab.

Stay tuned next week for more information on REvolution!!

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John Pusa

Glendale, CA

Thank you for sharing detailed quality information on Equator revolution, workflow. Excellent blog.

May 24, 2012 06:57 AM

EQUATOR HOMES

Through Altisource Solutions, Inc., an affiliate and nonexclusive service provider for EQUATOR® and Altisource® - Los Angeles, CA

Find Your Home Sweet Homes

We really appreciate that John! Thank you for taking the time to read it!

May 24, 2012 06:59 AM

Dawn Maloney

RE/MAX Trinity Northeast Ohio Real Estate Specialist - Hudson, OH

330-990-4236 Hudson & Northeastern Ohio

Question: Why doesn't the task for submitting a short sale line up better with the standardized HUD 1? I have had to have a title company decipher what goes where. See below.

Why doesn't it just match the HUD1? It would be a huge timesaver.

Right now it's all out of order and like a Chinese puzzle to put together. I had three to enter today, and what a nightmare. Besides, if we are uploading the HUD1, why are we forced to do this redundant work? I have to pay an assistant to do it, and currently she is on vacation.

It's annoying, leaves lot of room for errors that cause delays, and is not efficient whatsoever.

Line 401 is the purchase amount

Line 501 is the earnest money

Line 1302 is the pest inspection

Pest inspection repairs would also be shown in the 1300 section - but the line number can vary

Line 1101 is the Settlement fee (old style HUD) On the new style HUD - that line is a total of a lot of fees that get split out different ways...

Line 1303 and 1304 could probably go under Doc Prep - (Deed prep and copy package fees)

Line 1108 is title insurance on old style HUD (but is shown on Line 508 on new style HUD's)

Line 1306 is overnight fees

Line 1305 is wire fees

Line 1205 is county transfer tax

The HOA transfer fee is normally shown on a line in the 1300 section

I would think that Line 1103 (Title Exam) Line 1116 (Patriot Act Search) and Line 1113 (Closing Protection Coverage) would go under Other Expenses, as well as anything in lines 510-519 (property tax proration)

Anything shown in 700 section would go under Commission

Line 504 is 1st lien release amount

Line 505 is 2nd lien release amount

Other lien release amounts can be shown on lines 507, 508, 509 and sometimes in the 1300 section - depending on how many liens we are paying off

Line 507 is Home warranty amount - but sometimes is shown in 1300 section

Jul 30, 2012 01:49 PM

Hello Dawn,

Equator is the technology provider to the servicers; we provide them with the Platform they use to manage their properties. When a servicer starts using EQ, they customize the Platform with their unique business requirements. Each servicer has unique reasons for using a particular form. We’ve seen reasons ranging from a particular form being closest to their custom form, to certain fields being used as metrics for decision making on the property. For questions regarding this form or any other, please send a message to your asset manager to discuss it with them. Hope this helps!

Jul 31, 2012 03:44 AM

Equator REvolution - Workflow

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