I recently joined this BPO/REO company. I have gotten bombarded with BPO's that they want done for no payment but promise listings. They come back after I send a BPO and challenge a prior BPO. I get the feeling I am just providing a 2nd opinion?If anyone can share their experience I would greatly appreciate it!Leslie Hansen, BrokerMoving Jacksonville Real Estate
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Ive done many bpo's ( aprox 60).... have received 2 reo's... and expect quite a bit more next quarter,,,,,,,
They have a good reputation and as well... you'll be exposed to many additional lenders through their platform. Lenders that you cant get into , except through resnet.
I keep my bpo range close to home, therefore they are easy to complete and their format is very simple!!
I would suggest you, give them 3 months and see...??
Regards!!
Rose
Leslie Hansen > Rose MenciaDecember 9, 2009 at 4:03am
Thanks Rose, I have picked all the zips that I enjoy working in, and believe it is good to keep my opportunities open. Thanks for your comments.
I've completed around 5 BPO's for them and received 3 of the listings. When you are doing BPO's for them it is a good idea to ask the person assigning them to put a "little gold star" in their file for you. Then when they do look for agents if you have a internal recommendation on your work you will have more of a chance.
"little gold star"? Is there actually something in their software like that or do you simply mean put in some good words?
Leslie Hansen > Stephanie WoodsDecember 9, 2009 at 3:31am
I Stephanie, thanks for your reply. I have been pooring on the charm and reminding them of how excited I am about receiving REO listings. None of the BPO's I have done have listed yet, so I guess it isn't that they are going to someone else, just timing. I will continue to encourage them to give me great marks!
I have done work for them in the past and you will receive lstings.
Leslie Hansen > Shane ReidDecember 7, 2009 at 3:56am
Thanks for your response, Shane.
I have now done 16 with no REO's, however I am tracking the ones I have done, and none have been given to someone else. I know it can't be I'm not doing a great job since I started BPO's 24 years ago, it is hopefully just that there have been no opportunities in my area. One USRes rep said I would get the next one that comes available.
I've done paid BPOs for USRES and I've done free ones. They provided 1 listing before I ever did my first BPO. That sale went through flawlessly, and I haven't had a listing since (1.5 yrs ago). They were great to work with. Not sure why things fell off.
Replies
They have a good reputation and as well... you'll be exposed to many additional lenders through their platform. Lenders that you cant get into , except through resnet.
I keep my bpo range close to home, therefore they are easy to complete and their format is very simple!!
I would suggest you, give them 3 months and see...??
Regards!!
Rose
I assure you they are a legit company and great to work for!
ask for more bpos because the more bpos you do the MORE reos you get!
Everyone one has been such great help on this site, I love it!
I have now done 16 with no REO's, however I am tracking the ones I have done, and none have been given to someone else. I know it can't be I'm not doing a great job since I started BPO's 24 years ago, it is hopefully just that there have been no opportunities in my area. One USRes rep said I would get the next one that comes available.