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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
We received a letter from an attorney claiming to represent IAS in their "wind-down process". The letter states that they are trying to reorganize to avoid bankruptcy. The letter further states that they wish to:
"achieve a result more favorable to the company and its creditors than could be achieved ... through bankruptcy."
That is legalese for "the unsecured creditors will be totally shafted either way".
I have attached a copy of the letter.
With all the negative comments about getting paid, why would you good folks even consider doing them?
never liked Mainstreet.
In my experience PCV Murcor are fantastic payers even offer direct deposit never missed a payment. Clear Capital also good payers I just did my first with Equi-Trax so I'm anxious to see how long it will take. Just did my first 2 for iMortgage not been paid yet we'll see. iMortgage has horrible BPO forms and every time they send a revision request its just an email no explanation as to what they want or where. They pester you alot about what you use for comps in my opinion wont go out of my way for those assignments.
Hope this helps :)
Any input on iMortgage?
They are paying a minimal $40 for Exterior I did 1 for them and it was like pulling teeth with their online forms I found them redundant, misleading and difficult to say the least I did not like it right off the bat. Then they sent that back to me about 4 times finally got it done got my 2nd and same problem sent it back quite a few times demanding I provide all new comps and told me not to look at the MLS as Realtors will say anything to sell a place :( long story short I gave it back to them and told them to remove me off their vendor list as I was spending far too much time and resources having to re-do the same work over and over for such little money!! had a bad feeling about them from the start!
IMortgage, they are related to Single source, in a way. They sometimes add the OA to the report. They pay pretty quickly. In fact, you should have received a check by now. They are very tight about comments, distance, etc. They have the work, and will load you up, if your areas warrants...They have a lot of work from Chase
I do not like IMortgage, I disbanded my account with them, low pay, very demanding, I quit doing them when they reduced my fee over a bpo. Single Source on the other hand is much easier to deal with. I like Single Source. They do not pay too well, but they pay on time and I do get listings from them.
I also told them to remove me off their list after reducing a fee off of a bpo. Demanding and their form gives me a headache. I also told PCV not to give me any more Chase BPOs, because they were failing all of my bpos with chase. I like PCV and will do non Chase BPOs......
Has anyone ever worked for REO Brokerage Group (reobg.com), they contacted me yesterday about doing a bpo for them but I've never heard of them before.
I have never heard for the Joan... i wouldn't do many reports for them. possible 1 and see where it goes. Please keep us informed
of them LOL need coffee
9/24-9/27 Mainstreet Val/BPO Ful is going nuts with orders- Joey Singh 917-859-4400
Mainstreet is going nuts with orders Florida, NY, NJ, Las Vegas, Los Angeles, Chicago, Phoenix, Seattle markets from what we see
Mainstreet is sending orders nationwide like mad nationwide yesterday and today!
Mainstreet released at least 7700 unassigned paying BPOs to the their system last night and today, Freddie orders from my bird..$45 Dollar orders...This is a tip to make money...our firm is not affiliated with Corelogic in any form or shape
Seriously don't call me to complain about revealing this information....
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