Did anyone else receive an invite to apply for Nationstar due to Nationstar's "aquiring" of Aurora's portfolio??
The request asked us to update Equator and LPS and have our docs ready to submit along with a Master Listing Agreement that was to be sent 1 week later.....well, now I'm told that I didnt send in anything.... and they would extend the time period another week..... does anyone else out there know or have a contact with nationstar??? I updated everything..... and never recvd any listing agreement or any kind of acknowledgment.....hmmmm
This letter/invite dosnt say where to send , only that they will send the agreement and expect qualifying docs to be returned with it..... am confused????
Was anyone else successfull in hearing back from Nationstar... or does anyone have a contact number???
Please Advise??
THANKS!!!
Rose
Replies
Why would you want to list properties for Nationstar? They just listed a property in my local MLS, and are offering 1% to selling agent, list agent gets a whopping 1.75%, meanwhile they get 3% referral and get this, they charge a 5% premium of the purchase price to the winning buyer. Offering 1% to local realtors is not going over well, many pissed of realtors. Not only that, it's way under market this listing is. I say why not price it right and pay a standard commission?
I lost a new Aurora listing to NAtionstar and I went to sign up, then I checked for their listings in my area. There was only the one I lost. If that's all they have, I don;t have time to fill out their paperwork.
And, I won;t pay them any front money.
Jesse,
I am an Aurora FSB direct agent. I did not receive the email. Can you please email me at robertsteamreo@hotmail.com with the email address. I would really appreciate it. I would like to reply to see why I didn't receive the email.
Sharon Roberts 951-660-1708
sure will do----
Rose
Ok...so, I guess it's official, see the email below. FYI: I did mask the from email for security purposes.
From: Aurora REO Internal Team
Sent:Thursday, June 28, 2012 6:57 PM
To: undisclosed-recipients:
Subject: AURORA BANK/NATIONSTAR TRANSFER INSTRUCTIONS-PLEASE READ
******PLEASE READ THIS ENTIRE MESSAGE. DO NOT REPSOND BACK TO THIS EMAIL, AS IT WILL NOT BE REVIEWED************************************
Effective July 2nd, Aurora Bank FSB assets will be transferred to Nationstar Mortgage (NSM). Any emails sent to this email address will no longer be received by the intended recipient.
Please adhere to the following:
If you are a currently assigned agent, you will continue your listing unless you are not a member of Equator.
Offers: Please advise any potential buyers that the seller is not accepting offers at this time, but will resume as soon as the transition with NSM is complete. You will be contacted with periodic updates the week of 7/02-07/06
UC assets: These assets will resume with the current assigned vendor (LPS, GDI, CL, GRC or USRES) Please continue to correspond with the appropriate contact until close of escrow.
Utilities/HOA/Occupancy: Do not transfer utilities into your name until notification is received from NSM that the file has been resumed. (If asset is tenant occupied and it’s urgent to do so to restore service, you have authorization to transfer) Please collect HOA info and occupancy info as you normally would, so asset will have smooth transition once resumed. Do not pay HOA until instructed by NSM.
CFK offers: If CFK has already been agreed to, please continue with check exchange and secure property. You have up to $175 authority to secure asset. Once the asset transition is completed, you will receive further instructions regarding initial services for full secure/trash out if required.
Invoices: Instructions have already been sent out, and you should be set up in LPS/New Invoice for billing to NSM as of June 19th. If you are currently not active within this system, you will need to contact HSSSreo.Training@nationstarmail.com for further instructions.
Securing/Preservation: If you feel the asset has been compromised, please take the necessary steps to secure asset. You have up to $175 to secure. If there is major vandalism or damage, and it requires extensive securing please contact the following to secure:
Safeguard Properties: For emergency work orders and evictions after hours 5:00 PM EST. please call our customer service number 800.852.8306 ext. 2160
Mortgage Contracting Services (MCS): 516reo@mcsnow.com
NSM contact: After transition to NSM you will receive an Equator notification or email from your contact once transition to Equator is completed from Res.net.
- - - - - - - - - - - - - - - - - - - - - - - - - -
This message is intended only for the personal and confidential use of the designated recipient(s) named. If you are not the intended recipient of this message, you are hereby notified that any review, dissemination, distribution or copying of this message is strictly prohibited. This communication is for information purposes only and should not be regarded as an offer to sell or as a solicitation of an offer to buy any financial product, an official confirmation of any transaction, or as an official statement of Aurora Bank FSB. Email transmission cannot be guaranteed to be secure or error-free. Therefore, we do not represent that this information is complete or accurate and it should not be relied upon as such. All information is subject to change without notice.
Yes, I received this email as well.... and they are requiring 10 yr background cks....I wonder what will happen to Aurora???? Any thoughts??
About every 30 days I put in another application to Nationstar on their website. I never hear anything back and I have left multiple messages with their REO Dept. Can anyone advise how Nationstar obtained your email ie were you previously approved, Equator, etc.?
I was asked because I had aurora listings...... when they moved to nationstar, seems I went with them...... lucky break..... will see if they continue to give us work.......hmmmmmm-- my fingers are very crossed!
Thanks Rose, will keep my fingers crossed for you!
Derrick
You have to pay Equator if you want to use more than one zip code. I have been with Res Net for four years and most asset manager companies are changing to Equator.
Donna
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