Northwest Florida Realtor: Some known issues with the Equator and Fannie Mae asset management company conversion

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's Facebook Profile
Add me to your Facebook

View Brandon Jordan's profile on LinkedIn

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. Los Angeles Home Sales 310.486.1002 (Beverly Hills,CA. Coldwell Banker) over 1 year ago

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

Posted by Temecula short sale specialist,Cyber Sid,HAFA,HAP,Rental Hms over 1 year 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. 480 266 9796 (Century 21 All Stars) over 1 year 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 (Coldwell Banker United Realtors) over 1 year 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 - CRS, CHMS, CNHS, RCC BROKER TLF PROPERTIES INC over 1 year ago

Thanks for the helpful tip.

Phil

Posted by Phil Leng Team Residential Real Estate & Bank Owned Property Experts 206-409-6600 (Keller Williams Kirkland) over 1 year 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) over 1 year 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 (Coldwell Banker United Realtors) over 1 year ago

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

Posted by Brandon Jordan (Coldwell Banker United Realtors) over 1 year ago

Phil you are welcome thanks for checking out my post.

Posted by Brandon Jordan (Coldwell Banker United Realtors) over 1 year ago

This blog does not allow anonymous comments