PartnerFirst Agent Management Services (AMS) and CitiMortgage To Provide a Streamlined Short Sale Loan Approval Process

CORONA, Calif., May 19, 2011 /PRNewswire/ -- PartnerFirst, LLC  and CitiMortgage announced today an agreement for PartnerFirst's Agent Management Services (AMS) platform to use CitiMortgage as its national lending partner offering the SureStart® loan pre-approval process for short sale buyers as part of the PartnerFirst pre-foreclosure solution.

The PartnerFirst AMS platform provides agent training and the Pre-Foreclosure Specialist Certification (PSC), custom client education modules, short sale lead distribution management, a brand neutral agent database, a "Find an Agent" homeowner referral database, a Minority Outreach Initiative (MOI), and a multitude of homeowner contact solutions.

CitiMortgage, an industry leader, uses the SureStart® pre-approval process to simplify the home buying process.  With a SureStart® pre-approval, buyers will be quickly pre-approved for a specific loan amount.  With a loan commitment in hand, buyers will know exactly which range of home to look at coupled with the confidence of a cash buyer.

The Benefits of the PartnerFirst and CitiMortgage agreement includes:

• Significantly reduced time for pre-approval -- Preliminary approval to remove contingencies in 3-5 days at no cost to buyer (a $400 value).
• Providing certainty -- Highest and best offers including approval to maximum loan amount with a national lender
• Increased short sale closings -- Qualified buyers upfront and the certainty of a national lender to close the loan.
• On-Time Closing Guarantee -- Speed and accuracy are paramount when financing a home purchase.  If purchase does not close when CitiMortgage says it will, the client will receive $1,500 towards closing costs.
• E Cards available to real estate agents exclusively from CitiMortgage to enhance marketing and promotion.  Citi's E Cards contain valuable information on home buying and mini-movies on buying and selling homes.

CitiMortgage understands that non-performing and distressed assets need a quick resolution.  With the aid of PartnerFirst's AMS platform, coupled with CitiMortgage lending, the industry is seeing results and enjoying the benefits of timely short sale closings.

For more information, PartnerFirst will host a free webinar on Wednesday May 25, 2011 at 11:00am PDT with Antanio Douglas from CitiMortgage who will describe the benefits of the program and answer questions.  Register for the webinar:  https://www1.gotomeeting.com/register/721572409

SOURCE PartnerFirst