Equator offers agents training on short sales, REOs

Faster. Better. Together.
Inman Connect San Francisco, Jul 16-20, 2018

In a move it says will speed closings, Los Angeles-based Equator is now offering mortgage servicers a way to train real estate agents on servicers' separate processes and requirements for handling short sales and real estate owned (REO) properties. Equator's software-based Servicer Specific Training program is offered through the company's EQ platform, which is used by four out of five of the nation's biggest banks, including Bank of America, Wells Fargo, and GMAC Mortgage.As part of the new program, Equator creates and produces training materials approved by and customized to the servicer, including short sale and REO manuals, videos, and task guidelines. Servicers can change their specific certification course materials as needed, the company said. "It's one thing for real estate agents to have a strong track record of handling short sales and REOs, but it's quite another to meet the servicer's unique standards and workflows," said Chris Saitta, Equator's CEO, in a statem...