Caliber Home Loans Short Sale Processing

Processing a Caliber Home Loans short sale is different then the majority of mortgage servicers. A Caliber Home Loans short sale will be required to be initiated and facilitated through the Res.net platform they utilize. Res.net is an online portal which acts similarly to the equator system, but the layout and tasks are completely different. Numerous servicers are beginning to implement the Res.net short sale processing platform, so be prepared and create an account ahead of time. Overall we have had a great working relationship with the Caliber Home Loans Short Sale Processing Department and using the Res.net portal.

How To Get A Caliber File Into Res.net

Caliber Home Loans will require a short sale package be sent to them directly prior to the file going into Res.net. Once they have the initial items they will request the file to be initiated into the designated Res.net account. Some initial items they request are:

• Listing Agreement
• MLS Listing Sheet
• HUD-1
• Offer
• Proof Of Funds
• UBAF

Ensure to move quickly as if there is a foreclosure sale date  many servicers require that all items be in within 30 days in order to postpone a foreclosure sale date. At times there is flexibility to this guideline depending on the offer terms, borrower circumstances, and overall account details. At times processing a Caliber Home Loans short sale can be daunting especially for an inexperienced realtor or 3rd party. For Caliber Home Loans or  Res.net short sale processing support, or if you have any questions at all, fill out the contact form below to be contacted shortly.