Are Wells Fargo Equator Days Over?
It appears Wells Fargo Equator contract is expiring and they are in the process of fully moving out of equator. They are declining files from equator and beginning to work them outside of equator. Files can still be initiated in equator and may be declined shortly after. Files that have been in equator for months are getting systematic auto generated decline messages. In reality the short sales are not declined and are still in active short sale review outside of equator. Wells Fargo processors or the assigned negotiator will be working files via email and phone. This is beneficial as it often makes communication and document submission smoother when email can be utilized. The Wells Fargo Home Equity Line Of Credit Department and Recovery Department are still working files solely internally and via phone. Those departments do not communicate via email, but they may be able to accept incoming document submissions.
For any assistance in expediting a short sale or any questions please fill out the form below and you will be contacted right away by a member of our team.