Today while searching the web for the next million dollar idea, I again found myself stunned with all of the horror stories and difficulties that are posted online Image via Wikipedia I have been reading all over the web (ActiveRain not to be excluded) that it seems that people are finding issues and having...
Starting in 2005, Absolute Consultant Group’s(ACG) counselors sought out to solve mortgage problems no longer from the confines of Countrywide’s Loss Mitigation Department. At that time they were part of one of the largest lenders in the world helping service a portfolio topping a trillion dollars. Since then ACG has set its self a part by helping thousands of homeowners. With...
BAC Home Loan Servicing LP, the behemoth, has combined to become one of the largest loan servicers, if not THE largest loan servicer in the world. It doesn’t come though without changes. Week 2 of “Integration” brings on the new policy about authorizing 3rd parties verbally. While some companies such as IndyMac accept 7...
Bank of America and its subsidiaries including BAC/Countrywide Legacy will be making some major changes starting November 16th. Actually as of that date they will begin to reissue new loan numbers to all its customers. That’s right! Everyone who has a loan with them, no matter what branch, will be issued new loan numbers....
In a talk to today with the upper echelons of Bank of America’s defunct division Countrywide now going by BAC we found out that they are in talks to finally role out the option for doing short refinances. Problem is that so far this is only going to apply to those who show up...
At time it seems that short sale isn’t going anywhere. At times it could be a snafu on the servicing side or some missing items but sometimes it is because you may have missed a step that is not always necessary. We have done hundreds of short sale for our clients and many through...
Have you been calling BAC/Countrywide and gotten a message that their systems are down and that you should call back? Ask their agents and, “they’ve never heard about it”. We just called right back and in less than 10 seconds we were on the phone with an agent. Seems if they can get you...
Loss Mitigation or the department in every lender there to minimize the losses for its investors has one purpose in mind; Save money. Seldom discussed is the banks vigorous review of their employees time usage as the old saying goes, “Time is Money.” Well the lenders generally take this to next level as they...
In this industry knowing all the details can be the crucial key between getting your client what they need and on the other hand a client receiving a decline. That is why this is new section where we are informing the community in yet another vital place. As one can never say that any...
Question: “Thanks for the quick Response, Jonathan. No pun intended… Wanted to check with you if the BPO would shatter our Short Sale possibility. Apparently, I was reading a couple of articles on the internet that said the BPO is something that Realtors do on behalf of the Lender but with minimal dedication and/or...