Default servicing software provider ""Equator"":http://www.equator.com will announce Monday the launch of a new short sale certification program for real agents using its EQ Marketplace online platform.[IMAGE]
Since January of this year, Equator says it has seen short sale volumes nearly double those of REO properties on its platform.
The Los Angeles-based company developed the short sale certification program to train agents on the regulations and best practices necessary to complete a short sale transaction, and ensure its agent users are better equipped[COLUMN_BREAK]
to handle the large volume of short sales already being pushed through the Equator platform.
""There are more than 55,000 short sale listings posted on our platform each month, compared to 28,000 REOs,"" said Chris Saitta, CEO at Equator. ""This is a clear indicator that agents should be embracing short sales. Real estate agents on the Equator platform will now have the tools and knowledge necessary to make the most of market conditions and assist their clients with quick and efficient short sale transactions.""
Currently one percent of the 694,000 real estate agents on the Equator platform are certified, and that one percent has been receiving 21 percent of the REO listings. Equator expects similar results with its short sale listings and the new short sale certification.
Lenders, servicers, and now homeowners can search for agents on the Equator platform. Certified agents appear at the top of those searches, with the EQ certification logo next to their name.
To become certified, agents create an account on EquatorÃ¢â‚¬â„¢s website; choose the training modules for a silver, gold, or platinum certification; and must pass the necessary tests to acquire certification.