REO Pro - Real Estate Default Professionals

America's Largest Social Network for Default Real Estate Professionals

http://reopro.ning.com/page/buyer-direct

Did anyone else get an email from this company ARRO. According to the email First AM has changed to this platform and now all agents have to update info on this system. It appeared legit as they had all my expired information. The email and registration does not guarnetee listings however its a $75.00 fee and they indicate a new cleint using that platform has been brought on board.

 

If all is true its things are lining up to be busy by late 2nd quarter, just a few months away. 

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LPS has fees to sign up and then you are charged $5.00 per invoice you submit through them.  I think the cap is 5 invoices per property and anything over is free.  You would have to verify that data through LPS.

Rochelle, did you pay the additional $49 to sign up for LPS? 

Also, do you know if we need to pay the $49 and sign up for it in order to get any referrals?

You only need to pay for LPS when you work for a bank that uses that invoice portal (which I'm finding is most).  At that time you pay and take the training.  I have never received any referrals from it. 

I used ARRO for a couple First Am listings, worked out good, both as a platform and for reimbursements. 

 

The listings were ones I had with one servicer that got transferred to First Am, at that point I was asked to sign up with ARRO.

I received an email to sign up with this company.  I understand they are a platform, but do they actually assign listings?  I am already on board with LPS.  Do the First Am listings come directly from First Am or thru Arro when assigned?  I too have done BPOs for First aM for years & was accepted for REOs, but never saw any.  I would gladly pay the fee if it is worth it.   Just trying to decide if I should finish the app.  Thanks!

Nothing yet and it has been awhile

Well I signed up with this platform in January but I'm not holding my breath. I signed up because of the reputable names behind it. You are not able to update your license and E&O Insurance yourself. Website says  "Insurance and License expirations will be reviewed and updated by ARRO Vendor Management"

 

Never a BPO order, never an REO assignment could this be because any asset manager that comes across my profile thinks my E&O insurance expired 112 years ago?

 

I understand that there is no guarantee of orders or assignements but is it too much to ask to maintain your database for the $75 you request? My profile has been wrong since I registered. Any feedback/follow up from the original posters?

 

My advise to anyone considering signing on is save your money.

 

They say that they will respond to voicemails in 48 hours and it is faster to email than to leave a message. Sure. I'll check again in 112 years.

Checking in.  How is everyone out there doing?  Anything with ARRO?  How about business in general?  My MLS has a lack of Active listings, unfortunately, so bidding wars are going on.  But too many people are still underwater and not selling (yet).  I'm in southern California (Antelope Valley).

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