Equator (formerly REOTrans), the default-servicing industry technology leader is pleased to announce the launch of its new Agent-Initiated Short Sale feature. As of December 8th, Agents have the ability to request a Short Sale through the Agent Portal on www.equator.com. Only certain industry leading Lenders are currently allowing Agents to initiate Short Sales through Equator. Since it is such a great way for agents to help their clients, we expect many more Lenders to follow suit in the months to come. Final determination of whether the property in question qualifies as a Short Sale is at the discretion of the Lender or Servicer.
Please visit www.equator.com and input your email address into the box under the “Create New Account” section on the homepage. From there, follow our simple registration process to create your free account. Once you’ve created your account simply click the “Initiate Short Sale” link located in the header under the “My Properties and Offers” section, choose the Lender or Servicer, input the loan number provided by the Lender or Servicer, and request a Short Sale. If you already have an account with Equator, please use your existing account to log in. For further details on the Agent-Initiated Short Sale, please visit www.equator.com today.
Note: Please do not contact Equator by phone to initiate Short Sales – Equator is simply the technology provider and as such makes no determination on any aspect of the Short Sale acceptance and/or decisions. Only the Lender or Servicer can make decisions on Short Sales.
Equator is the premier provider of technology solutions for the default servicing industry. Since its inception in 2003, Equator has handled over $69 billion in assets sold through its platform. With over 200,000 active properties in inventory, visit www.equator.com to re-discover why Equator is the best in the business.
This came to my email, but was not marked sensitive. Equator, previously REOtrans, is starting to allow agents to initiate short sales through their online portal. I know that this will be more people dipping their beaks into the till, but if everything is online and in the open, things MAY go more quickly.
They may not, too- I can remember REO transactions that were held in bank-owned limbo for months and months because the attorneys were so slow.























