Troy Huerta has been beta testing the new electronic short sale system for Bank of America for the past few months. He is liking what he is seeing working with BofA. Troy feels that putting the short sales process on line will continue to shorten the process.
DS News recently had an article regarding this effort.
“This is the first time that short sales have been handled through an electronic platform,” said Equator CEO Chris Saitta. “With our new system, everyone works together in real time, dramatically improving communication and approval timelines for our client, its borrowers, vendors, and real estate agents.”
“Short sales can be a daunting, complicated, frustrating task for everyone involved,” Saitta said. “This fresh approach using our sophisticated platform makes it fast and efficient for all parties involved.”
Troy sees the software platform as helpful, but the content placed in the forms is still key and you need an expert to managing this effort to succeed.
Click here for the article
Same lies from Bank of America… so they put the files online in a data source, that is how this whole mess started with MERS.
I say boycott BOA.