Equator Introduces PRO Short Sale, PRO HAFA Modules

Posted by Orb Staff on July 07, 2010 No Comments
Categories : Mortgage Servicing

re provider Equator has launched Professional (PRO) Short Sale and PRO HAFA modules as part of its PRO Workstation application. The modules enable real-time, transparent communication among lenders, real estate agents and borrowers, and the technology extends the same efficiencies enjoyed by larger institutions to loan servicers, outsourcers and credit unions, Equator says. ‘Short sales will continue to increase this year, particularly with Home Affordable Foreclosure Alternatives (HAFA) becoming a large percentage of their overall volume,’ says Chris Saitta, Equator's CEO. "We are pleased to provide outsourcing servicers, financial institutions and credit unions with a new approach to address short sale and deed-in-lieu transactions.’ PRO Short Sale automates offer management workflow to allow buyers and agents to negotiate terms more quickly, while PRO HAFA automates every aspect of a short sale or deed-in-lieu transaction based upon the guidelines set forth by the U.S. Treasury, incorporating all necessary government forms and timelines. SOURCE: [link=http://www.equator.com]Equator

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