TIP: Type in “NATIONSTAR ASSET MANAGERS” in the SEARCH REO BANKS box to the right to locate Nationstar asset managers, courtesy of Google Custom Search
Nationstar will now be servicing Bank of America (BAC) mortgages and assets. BAC expects several service releases on June 30th. Your clients with BAC mortgages will now be serviced by Nationstar. Take note that Nationstar is now the largest non-bank servicer in the U.S.
Outside of HUD, the REO world has shrunk. CHASE REO has slowly been releasing assets and Nationstar will follow. Not to mention, they also handle Short Sales. If you are part of their network, you can expect short sale referrals.
If you are interested in listing REO properties or joining the Nationstar network…
Zillow now offers free Short Sale profiles. Create one today!
*You will need your poncie.com Network password. Don’t have one? Enter your email in the “Subscribe Here” box (top right) and request a password. It’s free for Real Estate Brokers/Agents and always will be. Please allow up to 24 hours for a REO Application Network PASSWORD via email. Be patient.
I am 17 year veteran looking for REO opportunities in California in the Los Angeles and Orange County areas respectively.
Alfred Zamudio
Prudential California Realty
#01248176
http://Www.alfredo.ismyreagent.com
I filled out information packet about a year ago,recently received invitation for few BPO s in my area of Northern Virginia within last month.
By Mike Turner
Keller Williams Realty
Washington D.C
left several emails and did not get an answer yet
By Bea Artigliere
Realtor at Pacific Inter Capital Investment
Greater Los Angeles
I checked out the Nationstar website and it looks like the link to the online broker registration form is not working. You can call the REO department direct at 888-708-4043.
Never mind that phone is just a generic automated phone system. You can request how to apply by contacting them via email.
By Lisa Castanet
Broker/Owner at Native Palm Properties
Lakeland, Florida
I went on site to apply and it said to sign in and a password would be sent but I have yet to receive.
I am a Realtor in Southern California, who would like to work with you on your REO’s
Good, luck getting an REO account in southern CA, I was a preferred broker for a couple of accounts, since business dried out, all my accounts were close, try short sales and you will be in control.
Just got the listing agreement – FYI – Nationstar is paying 6% or a $3,750 minimum BUT they will be taking a 2% or $1,250 minimum referral fee and there is a $150 tech fee to Equator.
Ya’ll have a great day!
By Realtor Lisa Savage
Owner, Realty Savage
Dallas/Fort Worth
The way the asset manager explained it to me, they take 2% and then it’s 2% to the buyer’s agent and 2% to the listing broker minus the EQ fee.
The MLA is a little confusing – not worded well – so I had to have the asset manager clarify it.
Have a great day ya’ll!
By Realtor Lisa Savage
So agents that take a Nationstar listing are only going to make 1% minus the equator fee??? Am I reading that right???
By Diana Castle
Realtor at Elite Realty handling REO properties
Las Vegas, Nevada
Looks like the transfer is working it’s way through – one of my service released BofA’s from Skyhill to Nationstar has transferred in EQ; however, they are having a data glitch so the new listing agreements have not processed yet.
Have a great afternoon ya’ll!
By Owner, Realty Savage
Dallas/Fort Worth Area
Let me know if I may be of assistance with your Escrow & Title information http://www.heatherfnt.com
Greatly appreciated & thank you for the update!
By Heather Thompson ~Twardus
Fidelity National Title Company Escrow, Title & Marketing ~Willow Glen Account Manager Since 2001
San Jose, CaliforniaReal
Hope that Nationstar can expedite paper work and approval process. We are Short Sales and Foreclsoure certified GA ATL area.
Denise M. Abruscato – ReMax All Properties, Realtor
“A” “B” Team 678 222 – 8663 cell
(678 ) 455 3049 efax sent to email 770 888 0126 paper fax
ABR Accredited Buyer Representative, Short Sales Foreclosure Resource SFR , Certified Distressed Property Expert CDPE 400 North Board of Realtors® Million Dollar Club Executive Club
dagahomes@gmail.com or website at http://www.deniseabruscato.remax-georgia.com
By Denise Abruscato
Well, my experiences have been different with Nationstar. Had two short sales with Nationstar (FNMAE investor) and, in both cases, found them to be fair and very quick to decision the files – compared to Bank of America where things take forever. If you get a good agent with a buyer willing to pay the price they want, the rest is easy. I had no nonsense, foot dragging or assignment to outsourcing companies as sometimes happens with other loss mit departments.
By Lucie Lynch
Realtor at Fairfax Realty
Washington D.C. Metro Area
My team has serviced SE Massachusetts since 2007 with REO… Nationstar has been a blessing to us.. I hope they keep assigning! JdreamTeam
By Jeanne Durgin
REO Agent ~Property Preservation~Asset Management ~ EQUATOR Platinum Certified, ABR, SRES Servicing SEMassachusetts/Cape
THANK YOU
Irina Kislyanka
Broker Associate
Amerivest Realty
email@reoteamfl.com
The site is asking for a password. Where would I get this? thanks
By Kristin Shimaji-Devlin
Real Estate Consultant at Evergreen Realty
Orange County, California
As a Realtor that has worked with both Bank of America and Nationstar:
I find it interesting that while under the microscope, Bank of America would chose to work with Nationstar. Neither company is known for their customer service skills. They don’t work with you and they don’t listen either.
Just a heads up, if you do work with Nationstar, expect a headache!
By Jerrie Crider
Office Manager / Notary / REALTOR @ McWilliams Buckley
Fort Myers, Florida
Poncie, is it feasible to sign up for the in email account to have a chance to hook up with an asset manager in the Norfolk, Va. market?
By Michael Freer
Foreclosure Prevention and Short Sales at Native American Group Realty
Norfolk, Virginia Area
I have been working with NationStar many years and they are great company to work for so I look forward to a increase in listings from them.
By Thomas Stewart
Owner, Cavalry Realty LLC
York, Pennsylvania
Go to their website (http://poncie.com/reo-applications/nationstar-reo/). Fill Out Form. Send it VIA E-mail to the asset manager over your region. They Usually Use Equator too. Like all BOA services. You have to call them directly to get the Servicer or Manager over your area.
By Chris Holverson
Real Estate Professional
Provo, Utah
Thanks so much Chris for the added info here dude. Too often folks do not read the postings.
By Frank Popeleski
Broker at Schooner Properties, Inc.
Tampa/St. Petersburg, Florida
Ive been trying to months to get into Nationstar and no luck.. Any advice???
By Diana Castle
Realtor at Elite Realty handling REO properties
Las Vegas, Nevada Area
I sent over several messages for a return call and have not heard back from them.
By Quantane Higginbotham
Realtor at Keller Williams Capital Properties
Washington D.C. Metro Area
Poncie- how do you sign up at Nationstar— do you have to be invited in? Meg
Sent from my iPhone
I am very interested, please send more info. I have closed many short sales in the past 5 years but never had the opportunity to work with Nationstar.
By Ida Doman
Hi Ponce, I would like to join NATIONSTAR, please send me information on how to proceed. Also, I was wondering, I’ve done short sales with NATIONSTAR in the past. Will this help to join NATIONSATAR ?
Thanks
By Hector Parra
Realtor at Montalvo Realty
San Francisco Bay Area
Hi Poncie, I would like to join NATIONSTAR, please send information on how to proceed.
By Donna A. Wilson
Real Estate Agent
Allentown, Pennsylvania
Actually I believe that they bought up the REO’s that were sitting out there and will be placing them with select companies. My company is one that is heavy with the REO players so we expect a significant uptick in business. Sadly, most individual agents will no longer be part of these equation so it is important to strategically place yourself with a company that is partnered with them.
Saul Carrillo
3333 Alabama, Suite 125
Houston, Tx 77098
License No. 0573768 Atlantic & Pacific Real Estate (US), LLC
http://www.CarringtonRealEstate.com
By Saul Carrillo
Poncie: Is there a way to gain access to these soon-to-be released shorts??
Tom Muniz
Experienced Employment and Real Estate Professional
Greater Denver Area
Not that I know of Tom. Keep in mind, that a short sale assignment from Nationstar does not guarantee the listing. You still have to get a listing agreement signed from the seller (human). All they do is refer you to the seller. Still, I’ll take a short sale referral vs a cold call anyday.
We were referred 2 short sale assignments. One of them (condo) was vacant. I tracked down the seller and got the listing. Once we completed the BPO, the bank decided the value was too low ($35,000) and they pulled it and sent it to be foreclosed. The other was a good one. However, when I arrived at the home, the seller had listed her property with a friend.
That’s ok. Two leads were better than none. Get on their network. God blesses efforts.
poncie.com
Thank you for all the update’s you always give us.
regards.
Carl Meniam
Broker- Associate
Remax Villa Realtors
306 Grove St. JC, NJ. 07302
http://www.carlmeniam.com
http://www.zillow.com/reviews/write?s=X1-ZUypavnkzzevbd_59mrg