Northwest Florida Realtor

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Some known issues with the Equator and Fannie Mae asset management company conversion

Equator and Fannie Mae

Dear Agents-

 

There is an error in Equator that prevents Pre-Marketing coordinators from simply rejecting  BPO's in the system ( when corrections need to be made), having you correct them and re-submitting.  Since our switch to Equator, the work-around for correcting BPO's has been for us to order an Updated BPO, and send you a message with the changes that we would like for you to make. With this method, you were required to start again with a blank form and fill in all of the information again.

Brandon Jordan, Realtor,E-PRO,ERA American Real Estate

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Brandon Jordan
Sr Vice President
ERA American Real Estate
Cell- (850)-758-1236
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Comment balloon 10 commentsBrandon Jordan • October 24 2010 12:31AM

Comments

Oh the Trials and Tribulations of navigating in the REO & Short Sale waters......

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) almost 10 years ago

Why don't they just fix it. This is a high end system and should be corrected.

Posted by Sidney Kutchuk, Property Management & Sales Experts 951-217-6745 (Property Management & Sales at REALTY WORKS TEMECULA, CA 92590 (951) 217-6745) almost 10 years ago

I agree with Sidney.  Seems like a reasonable expectation considering how many billions of dollars change hands and the need to make it a more "streamlined" process. 

Posted by Curt Baumgarth, CDPE Realtor Serving the Valley of the Sun. 480 26 (Century 21 All Stars) almost 10 years ago

Sidney that has been my thought. If they are handling the volume that they have and advertise that they do you should be able to expect them to have more than one day a week that they work on known issues.

Posted by Brandon Jordan (ERA American Real Estate) almost 10 years ago

I understand that all to well. start over completely more work but oh well the listings still keep heading my way and I sure am glad.

Posted by Laura Filip, What can we do for you today? (Laura Filip Broker , Opening doors for All Seasons of Life ) almost 10 years ago

Thanks for the helpful tip.

Phil

Posted by Phil Leng, Phil Leng - Retired (Retired) almost 10 years ago

Now if someone could only explain to me how the heck to get the asset manager to contact the repair people directly to find out when the heck they'll be out at the property I have under contract...

Posted by Bradley Pounds, (512) 736-3353 (Watters International Realty, Broker Lic #606049) over 9 years ago

Looking at my post again it may not seem 100 % clear. This was my communication I received from the pre marketer.

 

"Since our switch to Equator, the work-around for correcting BPO's has been for us to order an Updated BPO, and send you a message with the changes that we would like for you to make. With this method, you were required to start again with a blank form and fill in all of the information again."

Posted by Brandon Jordan (ERA American Real Estate) over 9 years ago

Brad how did that end up for you, was it a listing you had or a buyer?

Posted by Brandon Jordan (ERA American Real Estate) over 9 years ago

Phil you are welcome thanks for checking out my post.

Posted by Brandon Jordan (ERA American Real Estate) over 9 years ago

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