Bayview Loan Servicing

Blogs, SS Processing

Bayview Loan Servicing As a mortgage servicer Bayview Loan Servicing is considered fairly large. When it comes to processing short sales Bayview requires these cases to be processed the traditional routes. This means the short sale packages are faxed and emailed in....

VA Short Sale

Government SS, SS Processing

VA Short Sale A Veteran Adminstration Short Sale is commonly referred to as a VA short sale. When a borrower purchases a property with a VA loan and they have to complete a short sale it will go through a VA short sale review which is a specific short sale program in...

Tenant Protection At Foreclosure

Blogs

Tenant Protection At Foreclosure If your landlords property is in the foreclosure process and you are living there, it can be a difficult and confusing time. Protecting Tenants at Foreclosure (PTFA) was created with the goal to assist renters in these unfortunate...

Dual Tracking Rules

Blogs

Dual Tracking Regulations The Consumer Financial Protection Bureau rolled out a rule and a few states have passed laws in recent years to restrict mortgage servicers from dual tracking. This means that a mortgage servicer cannot continue the foreclosure process if the...

HSBC Commission

Blogs

HSBC Commission Structure For Short Sales HSBC as a mortgage servicer has a strict commission structure for short sale transactions. They also do not participate in the government short sale HAFA program. We were advised that this was due to them not receiving any...

Wire Returned After Closing

Blogs

Wire Returned After Closing After a short sale closes and the wire is sent to the mortgage servicer they will require the final closing package to be sent in to them in order to close out the file on their end. The typical documents for a final closing package include...