Dec 06, 2009 equator borrower steps home owner call to bank of america at 8667707961 to set up thier access. Idler said she became indignant over bank of americas reliance on equator, a software system, rather than bank officers who could provide guidance and judgment along the way. Equator improves the process and enhances the experience for both customers and agents. Bank of america software free download bank of america page 3. I also believe that training at bank of america is the main issue. This system is an online software program accessed by bank negotiators and real estate agents and lawyers.
The equator system has just simplified the submission of documents to bank of america. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to the use of cookies. I assume this is to make sure transactions are arms length. My team and i have been experimenting with the new short sale upload system since weve been forced to start using it two weeks ago. Bank of america goes to equator for short sales processing. He says that they admitted to him the program was new and no one could figure.
Equator is an internetbased software platform a website that bank of america and gmac use to process short sales. The idea is to help speed the process up, but hey we all now how that is. Bank of america, free bank of america software downloads. They also will be working some of wells fargo short sales, metlife short sales and gmac short sales as well.
More than just homes for sale, equator also provides default workflow management software for banks and asset holders large and small. They might send you their documents with a bank logo, but its not always necessary to complete them, so verify first whether you can submit your own documents or file online. The equator principles environmental and social risk. Find bank of america software developer jobs on glassdoor. Reotrans now equator the new online process for bank of america short sales. If you have an fha loan and are worried about foreclosure, this program offers alternatives for settling your mortgage debt. Enter the name of the homeowner followed by property address and loan account number on the first three lines of the bank of america financial information task in equator respectively enter number of people in your home including you. Equator short sale processing system equator formerly reotrans is now the system used to process short sales for most bank of america files. Bank of america employee charged with planting malware on. I am of the opinion that the short sale process is done wrong. With the most current and up to date listings of homes for sale, equator aims to provide you with the most comprehensive real estate database on the market. We are excited to bring this new platform to our short sale real estate partners and customers. Lead innovation for managing demographic shifts, new technologies, and evolving regulations.
Currently gmac short sale files are entered into the equator short sale system by gmac themselves. This is my next installment in the bank of america equator series. Not equator software itself but the way the bank negotiator set up the file. Enable interactions with your data and information. In some short sales, multiple approvals may be necessary from others including the second lien holder, mortgage insurer and bank of america senior management.
Reotrans now equator the new online process for bank of. Bank of america will email at the email address the home owner provided them with a temporary password and instructions to login to b of a. What software do most banks use to keep track of peoples. Equator, llc of california provides software solutions. Redc, bank of america, reotransequator processing short. Welcome to equator for bank of america short sales. If you dont want to deal with bank of america sequator system or any short sale negotiations for that matter take a look at our website to. Bank of america has contracted withredcto process their fannie mae short sales using the reotransequator portal. Equators easy to use software and marketing products give real estate professionals the powerful ability to promote themselves to servicers.
No one gets into software engineering to move at a snails pace and work technology thats 40 years old. Navigating these waters can be tricky, but read this and you. Equator glitch fix for bank of america short sales. A few days ago i was working on uploading the short sale offer for several bank of america short sales. Why not submit a hardship letter first to the bank and investors, then get the results of a bpo within 10 days from the bank which is approved also by the investors. The equator system is their real estate software program that allows realtors and attorneys to communicate online with bank of america short sale negotiators.
Equators short sale module automates decision making, handles approvals, provides quick fulfillment, and complies with government programs, saitta said. Pay quickly and easily at thousands of places with the new mobile wallet for bofaml commercial card holders. Aug 27, 2012 equators softwarebased servicer specific training program is offered through the companys eq platform, which is used by four out of five of the nations biggest banks, including bank of. The home owner will supply an email address and provide an answer to a security question. This website or its thirdparty tools use cookies to analyze traffic and improve your experience.
Steps to prepare bank of america financial information task in equator part i income details. Equator is the worlds first software synthesizer built for midi polyphonic expression. A few banks have streamlined the process for submitting a short sale package. Aug 17, 2010 you saw the title of the post, short sales and equator, and you were not thinking about any other hemisphere. They will eliminate the unfriendly forces that could. If you and your short sale sellers are having problems with bank of america and equator formerly reotrans, you are not alone. No more having to fax repeatedly documents because b of a claims that they did not receive them. The equator principles eps is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. As a result, some banks turned to online software management. Equator is a powerful software synthesizer that unlocks the full. Equators short sale module automates decision making, handles approvals, provides quick fulfillment, and. A risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and. B of a streamlines mortgage process with workflow software.
Bank of americas short sale process is unique, especially with the use of a program called equator, which each bank uses differently. Use of such third party software, third party content or third party services is subject to the terms and conditions of the applicable third party license agreements, is the sole responsibility of the third party originator of such software or services and you agree to look solely to the applicable third party and not to equator to enforce any. Equator is a computer database and workflow system developed by a third party and implemented by bank of america to handle short sales. But, now we have to start all over again with equator. I am the coordinator for an office of agents that specialize in reos. You saw the title of the post, short sales and equator, and you were not thinking about any other hemisphere. Short sale software platform perhaps you have heard of equator, a short sale software platform used primarily by bank of america. The aim is to give due recognition to the banks that are pacesetters in their peer group when it comes to environmentally responsible technology and operations initiatives. Gmac uses it as well, much more successfully than bank of america. In our new product, birth of america, the player controls one of the major contender of these 2 conflicts, trying to achieve military and political victory. Discover benefits and features of bank of america s online banking and mobile banking app. Bank of america etransaction consent disclosure form is an instrument, which enables the electronic transmission of communication, information, and data between the bank of america and you as a borrower or coborrowers.
Send notification again sign in with passcode instead. Equators softwarebased servicer specific training program is offered through the companys eq platform, which is used by four out of five of. Reotransequator has created a terrific platform, but it wont help if. Remote deposit capture from bank of america small business. According to equator ceo, chris saitta, this is the first electronic short sale process for a large national lender such as bank of america. I tried to send in a request to start a short sale thru equator before getting an offer, they will let you open it but i just received this email today. Using this list of free, searchable online databases, you can find homes that are in foreclosure, in preforeclosure, reo real estateowned, seized, and distressed, too. In the near future and during a halfcentury, the aliens will colonize the united states of america in order to establish a military base and a scientific research center. Equator provides servicers the ability to automate their default servicing process and to connect with their vendors and agents electronically.
Find a local equator short sale specialist realtor experienced with the equator short sale system to process your bank of america, wells fargo, gmac or chase short sale without cost. I have used equator and i think it is a mess and i am a savy internet user. One of its purposes is to prevent foreclosure on a property that is in the midst of a short sale. Jan 17, 2010 i recently ran across an article about the short sale process and the bank of america online system now going thru a software company by the name reotrans equator. Learn more about our cookies and how to disable them here. Perhaps you have heard of equator, a short sale software platform used primarily by bank of america. You must be enrolled in online banking to use the remote deposit online service and have an open bank of america small business deposit account to apply and be approved for enrollment in remote deposit online, and fees will be billed to that account.
Most of these services are offered for free or with a small subscription that usually. Bank of america s short sale process is unique, especially with the use of a program called equator, which each bank uses differently. With the most current and up to date listings of homes for sale, equator aims to provide you with the most comprehensive real. Equator borrower steps home owner call to bank of america at 8667707961 to set up thier access. Jul 16, 2010 this is my next installment in the bank of america equator series. The company designs, develops, and markets technology to real estate, vendors, consumers, and.
Bank of america has been working with equator, a real estate software company, to develop. Take a look at these home loan assistance solutions for settling home loan debt. The only reason i am even trying to go through equator is that the rest of the feedback is, bank of america does not deal with short sales so i figured that at least wed have a shot with equator. Recently, the real estate network has been abuzz with all sorts of. Enter the name of the homeowner followed by property address and loan account number on the first three lines of the bank of america financial information task in equator respectively.
May 04, 2010 short sale software platform perhaps you have heard of equator, a short sale software platform used primarily by bank of america. In a bank of america short sale, for example, all offers are uploaded online, with the exception of certain types of hafa short sales. Bank of america has been working with equator, a real. God wont bless america is a shootem up game in 2d and 3d. Power certified bank of america with an outstanding mobile experience for ease of navigation, information availability and clarity. In june, munroe gave a roughly 30minute talk at pegasystems user conference, pegaworld, in orlando. If the buyers want to purchase a bank of america short sale then we have to enter the. I recently ran across an article about the short sale process and the bank of america online system now going thru a software company by the name reotransequator. The equator system is asking for some personal buyer info.
Real estate agents are not the only ones that can suss out a great deal on foreclosed or distressed homes. Verify your identity in the app now to sign in to online banking. From what im hearing bank of america is giving approvals in 6090 days as opposed to the 69 months they were taking. Check your mobile device if youre enrolled in this security feature, we sent a notification to your registered device. It is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decisionmaking. If you are a listing agent who is processing a bank of america short sale for one of your clients, then you may already be familiar with bank of america s internetbased short sale platform called equator bank of america started using equator in order to process their short sales at the end of 2009. Bank of america software development salaries in the. The bank figured out a way to deal with these sales a bit more slowly than other banks such as bank of americathe first bank to adopt the equator software system. Bank of america has contracted withredcto process their fannie mae short sales using the reotrans equator portal. However, bank of america now requires most of the short sale documents required for them to process a short sale to be submitted upfront upon initiation of the short sale.
Jan 20, 2010 if you dont want to deal with bank of america sequator system or any short sale negotiations for that matter take a look at our website to find out how alliance short sales can be your full time. Bank of america boa equator program and counter offers. Jan 22, 2010 i have used equator and i think it is a mess and i am a savy internet user. Free bank of america financial information task in equator. The grand bank manager in equator allows you to upload presets from your. A bank of america worker installed malicious software on his employers atms that allowed him to make thousands of dollars in fraudulent withdrawals, all without leaving a transaction record. The series is only expanded as necessary and this week i came across some information that is critical to every real estate agent. Remote deposit online is subject to approval and availability in your area. With this issue, and marking the 40th anniversary of earth day, btn expands its monthly going green section to recognize americas greenest banks.
Jun 26, 2017 has landed a big customer, bank of america, for part of its enterprise resource planning and financial planning software, the company announced monday. You wont face any real technical challenges, only administrative ones. Bank of america corporation 2017 equator principles. With this issue, and marking the 40th anniversary of earth day, btn expands its monthly going green section to recognize america s greenest banks.
Homes for sale and real estate home listings equator. Equator llcca company profile and news bloomberg markets. If you owe more on your mortgage than the current value of your house, a cooperative short sale may help you avoid foreclosure. Acceptance of the counter offer means that bank of america will take the next step of presenting the transaction for approval to the investor. Equator offers agents training on short sales, reos inman. Mar 20, 2010 from what im hearing bank of america is giving approvals in 6090 days as opposed to the 69 months they were taking. I am not impressed with equator and the way bank of america is utilizing it. The technology vendor which is publicly traded its ticker is pega provides business process management software to banks and other companies. Our software helps servicers select and execute optimal servicing strategies based on configurable investor rules and government guidelines while driving efficiency, fostering transparency and facilitating compliance. Bank of america, in alvin, tx alvin, texas bank of. Idler said she became indignant over bank of americas reliance on equator, a software system, rather than bank officers who could. Simply put, equator strives to make home buying easier by providing homes for sale in every community across the united states. Apr 05, 2016 acceptance of the counter offer means that bank of america will take the next step of presenting the transaction for approval to the investor.
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