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It seems like there is an epidemic of Servicing Co's and Bpo Co's that are just not paying.
This platform is a good source of information for agents to share their experience with others to avoid
loosing money and time on these companies that wish to deal in dirty business practices. If you complete an order based on agreed terms & price, there should be NO reason you should not be paid.
The names of a few companies that Pay on time and every month.
2. E Mortgage logic
3. Single Source
4. Specialized- sam
The names of some THAT DO NOT PAY !
1. IAS - Integrated Asset Services
2. Bpo.com Broker Price Opinion
3. Trans continental
5. Main Street Valuations AKA Bpo Fulfillment
6. Valuation Partner's
fiveonline.com is now requiring the agent pay for a back ground check to get future orders. I'm opting out on that! The OREC does a back ground and if it's good enough for the Oklahoma RE Comm., it best be good enough for a bpo company.
I wondered about the background check too, as Clear Cap had a pop up window stating that they too would need one. Wonder what the problem has been that has brought this change.
Good Pays Also: (may not be within 30 days,but they PAY! ) All will negotiate if they can't get someone to jump on that $30 pittance !......
I was just dealing with her yesterday. She does respond, but like you said plays dum to any other previous email you have sent her. Every time I have completed an order for them, I have to go threw months of waiting to be paid and sending dozens of emails, it is ridiculous !
I was finally paid after numerous calls and emails and had to threaten to not do another BPO for them, then was paid within 90 days. Yes I dealt with Holly, she needs to come up with different stories because she gives us all the same one. Good Luck to all of you with receiving payments. WE NEED TO STICK TOGETHER!!!!
Generally they take 90+ days. The best of luck to you!
Anybody doing BPO'S for Equi-Trax they sent me an email yesterday asking my fee on a couple of exterior BPO's.
I currently do BPO' for Clear Capital, E Mortgage Logic and RELS.
Ive had good luck getting E Mortgage to up their fees, anything over 15 miles i'm getting $100.00 on exterior BPO's
I rarely get an order once I give them my price which is competitive with other paying companies. The broadcast request are hard to get. They look for the lowest bid and must run with it.
They pay, but definitely not bi-weekly. The last one they paid me for took 3 months.
Equi Trax does pay. 2 agents in my office do BPOs for them if they are bored and have nothing else going on and have always been paid.
"2 agents in my office do BPOs for them if they are bored and have nothing else going on"
And they will fail at RE because an agent has to MAKE THINGS HAPPEN! Nothing else to do! WOW, what a bunch of lazy dumbasses.
"Nothing else going on!" Damn I can't believe it.
I used to do BPOs for Equi-Trax, but they're 45 days out at best. Too long to wait for work done. I turn them down now.