Posted by: Catherine | July 13, 2010

Wells Fargo and ASC short sales just got more streamlined


When the “Equator” system opened up for use by Bank of America for their short sales, it really transformed the short sale process with Bank of America.  The process was streamlined, it became much more transparent and we now get short sale approvals through Equator with Bank of America in 6 weeks or less. Most often, they even deal with their firsts and seconds together through Equator.  It’s been a blessing for any agent who does a lot of short sales as I do.

Now, I have been chosen as a “an exclusive” agent to work Wells Fargo and ASC short sales through Equator. This means I can automate the short sale process and can help that many more people get their short sales successfully approved.  Certainly there may be some learning curves for Wells Fargo and ASC as there was for B of A.  They have to have some of their staff specifically trained on the use of a Equator, but I am happy to work with them to make it successful.

The email I got today says:

“We have good news for you.  Wells Fargo Home Mortgage is now part of the Equator network and we’ve selected you to join an exclusive group of agents to help pilot this initiative.”

For those not familiar with Equator, it has been a platform in use for REO (foreclosure) properties for years (for several banks).  In some areas, Chase is using Equator for Short Sales too but I do not believe yet here in California, though they too, could have some pilot agents working their system.

Wells Fargo describes it as an online system to transact directly to them by being able to:

  • Kick off the short sale process
  • Check the status of your short sales
  • Upload documents
  • Access the workflow of seller-requested items

So, if you have a short sale with Wells  Fargo, ASC or Bank of America, use an agent who is properly trained, certified and experienced on Equator for the best results.  How can I help?

Catherine Myers
Broker Associate
DRE Lic 01337828
SFR Certified (Short Sale Foreclosure Resource)
EQUATOR Gold Certified Agent

Windermere Bay Area Properties
Walnut Creek, CA 94596

Contra Costa Listing, Buying, Short Sale, Relocation specialties.  Serving Walnut Creek, Clayton, Concord, Lafayette, Orinda, Moraga, Pleasant Hill, Martinez, Danville, Alamo, San Ramon, Antioch, Oakley, Pittsburg, Bay Point, Brentwood and surrounding communities.  Search homes for sale and get housing stats and more CLICK HERE


Responses

  1. Catherine,

    I envy you ; ). Wait, I’ve been using equator for a while now, haven’t gotten that email! ha…anyways, I’m happy for you and am quite surprised that Wells Fargo would also use the same system (I guess it’s not just B of A’s)

    -Joe


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