http://kevinandfred.com/power-hour/loan-servicer/
Fred and Kevin discuss a recent article about major servicers and the speed with which they are closing short sales. GMAC was reported as the fastest, followed closely by Citigroup, and Wells Fargo. Kevin's buddies at Chase aren't doing quite as well.
You need to add “Handsome and Charming” to your new logo.
Good catch Michele! =)
You guys are hiring more people?
I really enjoy all your wisdom and information all the time. Did you say GMAC? Those people are fast and I am getting tons of response from them here in Florida.
However, I am having major issues with an insurance company MGIC. I am telling you their magic is not to do anything or as they told me yesterday:
“We don’t care about the individual situation or if the homeowner is a veteran or a doctor b/c if Foreclosure comes I dont care bc our loss is the same and it is not my home”.
Have this been your findings too and if so what is another way to deal with them???
Thanks again guys,
WDA
Hi Wanda,
Our experience with most mortgage insurance companies, including MGIC, is that they do not care about the homeowner (at all) – they only care about $$$ (as you stated above).
Mortgage insurance is a topic we cover in our Audio/Video series. You can find more out on this at http://www.shortsalepowerhour.com/estore
Thanks for watching!
You’re on it–when focusing on “how many deals have you done with ___”. Bureaucracies are all about a lot of negatives; they are also built on repetition. So if you can become “repeatable” in process, relationships, arm-waving, shouting…whatever…with an institution you’re gonna get better results. Tod Barton in LV first shared this with me last summer when he was scheming how to handle more volume. Now you’re helping us all appreciate the wisdom in it. Thanks, R
I have a great experience with the Chase Heloc peeps. But…….the rest of the group is horrid. I seem to have a group of Chase deals that I just can’t seem to get rid of!!!