With a new year started, lets reflect the different lenders in 2011, and how their short sale processes have improved (or NOT!).  Like we did in 2010, we are going to take a survey/poll of which lenders were your favorite last year, your least favorite, and Most Improved!


***Here are the rules! 


You MUST have completed and CLOSED at least 10 short sales in 2011 to participate.  This is to insure that you have had recent experience with most of the major lenders out there!  Unless you have worked recently with ALL major lenders, you really don't know who is doing better and who is NOT!!

Vote for your TOP FIVE in each of three categories. 

- Best / Favorite lenders to work short sales with in 2011

- Worse Lenders to work short sales with in 2011

- Most Improved lender to do short sales with in 2011

For EACH category, number your responses 1-5 (one being favorite or worse)

We will post the results at the end of the month!

________________________________________________

SHARE THIS ON FACEBOOK, LINKEDIN
& TWITTER TO GET THE WORD OUT!!

Views: 1730

Reply to This

Replies to This Discussion

I'll go FIRST!!


THIS IS FOR EXAMPLE ONLY!!

Your poll should ideally LOOK like this, so it is easy for us to tally everything up

Best

1.) Chase

2.) Wells Fargo

3.) Saxon

4.) Litton

5.) Bank of America

Worse

1.) OCWEN

2.) Metlife

3.) Realtime Resolutions

4.) Aurora

5.) GMAC

Most Improved

1.) Bank of America

2.) Wells Fargo

You don't HAVE to do FIVE if you can't think of that many for a certain category, or if you just don't want to answer all three, you don't have to!  Remember, above is just a general example of mine and will NOT count!

Best

1.) Chase

2.) GMAC

3.) Aurora

4.) Citi

Worst

1.) Bank of America (FHA ONLY - conventional not so bad)

2.) Suntrust

Most Improved

1.) Bank of America (Conventional Only)

 

Best

1.) Chase

2.) SunTrust (for FHA ONLY - hate them for conventional)

3.) GMAC

4.) Aurora

5.) Citi

Worst

1.) Bank of America (FHA ONLY - conventional not so bad)

2.) CCO

3.) GreenTree

4.) Fifth Third

5.)

Most Improved

1.) Bank of America (conventional)

2.)

Best - Chase

 

Worst - Metlife

Best

1. Bank of America

2. Sun Trust

3. Aurora

4. GMAC

5. Wells Fargo - conventional

Worst

1.Flagstar

2. Chase

3. Wells Fargo FHA is terrible!!

4. Bank of America - FHA only

5. Real Time Resolutions

6. M&I

7. US Bank (second lien/Heloc)

NOT BAD BUT NOT GOOD

1. Citi

2. Key Bank

3. Fifth Third

4.

5.

Most Improved

1. Bank of America

1.) Chase

2.) Wells Fargo

3.) BOA

4.) Saxon

5.) Litton

WORST:

1.) Real Time Resolutions

2.) Ocwen

3.) GMAC

4.) Aurora

MOST IMPROVED:

1.) BOA

2.) Wells Fargo

Best

1) Chase

2) HSBC

3) Wells Fargo

4) IndyMac

5) Bank of America (convestional loan or equity lines)

6) Citi

 

Worst

1) Greentree

2) IBM

3) Nationstar

4) BofA FHA shorts (painful)

5) Aurora

 

Most Improved

1) BofA

2) Wells Fargo

3) Citi

 

Hope everyone has a successful 2012!!

 

 

Best:

1.)B of A (conventional)
2.)Chase
3.)GMAC
4.)Wells Fargo
5.) Citi

WORST!

1.) Real Time Resolutions
2.) B of A (FHA)
3.) Suntrust
4.) PNC
5.) Real Time Resolutions (Deserves to be on this list twice)

MOST IMPROVED:

Bank Of America

Best:

1) Chase

2) Citi

3) Wells Fargo

4) Litton

5) GMAC

Worst:

1) Flaggstar

2) PNC

3) IndyMac

4) B of A

5) Aurora

Most Improved:

Chase

Best:

1. Wachovia (thank you Craig!)

2. Select Portfolio Servicing

3. IndyMac/OWB

4. Chase

5. Specialized Loan Servicing (rude on the phone, but they give in easily)

 

Worst:

1. Ocwen

2. Suntrust

3. US Bank

4. Bank of America

5. Greentree

 

Most Improved:

1. Chase

2. Bank of America (HAFA files only)

 

Best

1.   Bank of America

2.   Wells Fargo

3.   GMAC

4.   Chase

Worse:

1.   Flagstar

2.   PNC

3.   Aurora

4.   IndyMac

5.   Ocwen

Most Improved:

1.   Bank of America

2.   Citi

3.   Wells Fargo

 

FAVORITE LENDERS 2011

  1. Beneficial
  2. SPS
  3. PNC
  4. CITI      Mortgage
  5. OCWEN

 

WORST LENDERS 2011

  1. US      Bank
  2. Saxon
  3. Wells Fargo

 

MOST IMPROVED LENDERS 2011

  1. Bank      of America
  2. Chase
  3. OCWEN

 

 

 

 

 

RSS

Forum

Ocwen Contacts Short Sale Package

Started by Jan Baron in Rants and Raves. Last reply by Anna Wilk Jan 14, 2016. 5 Replies

Shellpoint Mortgage

Started by Celeste ODea in General Discussion. Last reply by Brett Goldsmith Sep 4, 2015. 3 Replies

Extension Fees & Closing

Started by Colleen J Couse in Rants and Raves. Last reply by Brett Goldsmith Sep 3, 2015. 1 Reply

© 2021   Created by Mike Linkenauger.   Powered by

Badges  |  Report an Issue  |  Terms of Service