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MHA-HUP: Freddie Mac (FHLMC) to give homeowners more time in their homes! Sent Thursday, April 12, 2012 Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 MHA-HUP: Freddie Mac (FHLMC) to give homeowners more time in their homes! 2012-01-22 14:17:40-05 For many the industry isn't getting better at solving their problems. Hopefully, at least for those finding themselves experiencing a long bout with unemployment, they will find a little relief coming from at least one of the GSEs Freddie Mac. In an announcement FHLMC stated that they would be […]

EMC: Chase slowly engulfs its prey until they become one and the same! Sent Tuesday, January 17, 2012 Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 EMC: Chase slowly engulfs its prey until they become one and the same! 2011-08-02 10:12:47-04 Starting July 1st Chase continued down their path of their slowest merger ever with EMC (Guinness Book of World Records currently weighing out if they qualify for any records). By Chase opening up their Collections Department and other Loss Mitigation Departments to this they hope to start servicing […]

PNC Bank: Ordering a Pay Off Statement via 900 number. Strange… Just a little bit. Sent Friday, July 29, 2011 Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 PNC Bank: Ordering a Pay Off Statement via 900 number. Strange… Just a little bit. 2011-05-02 18:43:26-04 It is important that while servicing your client's loans with PNC Bank that you understand their Pay Off Statement Request Guidelines. Often when ordering a pay off it is no more than a request by phone but every so often you come across a lender that asks for you to request it in […]

CitiMortgage: Allowing extended verbal authorizations – Thank you, NO MORE FAXING LOAs Sent Sunday, April 10, 2011 Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 CitiMortgage: Allowing extended verbal authorizations – Thank you, NO MORE FAXING LOAs 2010-11-19 18:54:30-05 Starting last month CitiMortgage, a CitiGroup company, is one of the few lenders that allow the homeowners to call in and verbally authorize the lender to speak to their 3rd parties as opposed to having to submit this in writing. Most lenders allow for a 1 time verbal authorization […]

News: No Short Sale deficiencies in California? Sent Friday, November 19, 2010 Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 News: No Short Sale deficiencies in California? 2010-10-31 22:39:19-04 Finally passing on September 30th the Senate Bill set to change the name of the game made it through the door. Senate Bill 931 is set to take effect on January 1, 2011. This highly anticipated law is set to disallow a seller’s first trust deed lender from obtaining a deficiency judgment against the seller [...] Read […]

Mortgage Lender Report - October 30, 2010 PNC Bank: Short Sale Work Flow… Don’t get stuck you may never make it. Sent Saturday, October 30, 2010 Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 PNC Bank: Short Sale Work Flow… Don’t get stuck you may never make it.- 2010-10-25 18:00:14-04 PNC Bank, not to be confused with PNC Mortgage (as if it wasn't hard enough to already deal with them), has a work flow for dealing with their short sales just like anyone else. It is always important to deal with the right people, at the right time, and and ask the right questions in [...] Read […]
Mortgage Lender Report - October 24, 2010 MHA:What is the HAMP review? Frequently Asked Questions. Sent Sunday, October 24, 2010 Mortgage Lender Report Questions? Call Customer Service at 888-934-3444 MHA:What is the HAMP review? Frequently Asked Questions.- 2010-09-06 13:05:50-04 Many different acronyms get thrown around frequently in the business world. The banking world being... Read more... BAC Home Loans Servicing, LP: Bank of America Short Sale Information: Awaiting Valuation- 2010-09-07 10:00:34-04 While processing short sales through the Equator system, once know of […]

Mortgage Lender Report - Mortgage Assistance Information - August 18, 2010 BAC Home Loans: After B of A receives the c... Sent Wednesday, August 18, 2010 Mortgage Lender Report - Mortgage Assistance Information Questions? Call Customer Service at 888-934-3444. 9 A.M. to 9 P.M. Pacific Standard Time. BAC Home Loans: After B of A receives the counter offer how long before I hear a response?- 2010-08-02 19:11:17-04 This is often a question that we receive from our clients and the Agents we work with. Really, it's hard to say because it all depends on whether the lender is going to counter back again on any of the […]
Mortgage Lender Report - August 1, 2010 Wachovia: Wells Fargo advising that if a home is in California don’t wait t... Sent Sunday, August 1, 2010 Mortgage Lender Report We do the work for you! Call us at 888-934-3444. 7 Days a Week from 9 A.M. to 9 P.M. Pacific Standard Time. Wachovia: Wells Fargo advising that if a home is in California don’t wait till the last minute.- 2010-07-25 22:06:37-04 In a recent conversation with a Wachovia representative we were advised that their rule of thumb for properties in California is to no longer postpone when within 5 business days of a foreclosure sale. They advised […]

Mortgage Lender Report - July 18, 2010 NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dro... Sent Sunday, July 18, 2010 Mortgage Lender Report We do the work for you! Call us at 888-934-3444. 7 Days a Week from 9 A.M. to 9 P.M. Pacific Standard Time. NEWS: Tax Incentives Extended: Thousands of Short Sales saved from Buyers dropping their offers!- 2010-07-01 20:43:39-04 Anyone riding the short sale pipeline may have seen many buyers getting antsy as we came to the end of the filing period for tax payers to cash in on those home buying incentives. Well many of those last-minute […]