Automated Short Sales – The Answer To Slow Approval Times?

This last month, Equator started an agent initiated short sale platform. So far, Bank of America is the first lender encouraging use of this automated program. The initial response is positive although it is cumbersome to input the file data on the front end, once the data is entered the process starts rolling. Eliminating the inevitable guessing game that ensued sending in fax after fax and not knowing if they were being received, routed or even handled correctly on the other end. Hopefully as time goes on more lenders will embrace this automated approach and the burdensome wrinkles will get ironed out. This seems like a step in the right direction let’s hope it continues. For more information you can read Automated Short Sales on the Way as HAFA Nears.

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