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Has anyone had any experience with Rels Valuation? Google search reflects as an affiiliate w/ Wells. It is another BPO mill. May be in another reopro forum or blog, but I can not find it. Would like to hear from other members of REO PRO. Thank you.
Courtney Peace Hagins ABR CDPE HRC SFR
RE/MAX Island Realty
Hilton Head Island, SC 29926
Just an opinion but I feel it is disrepectful to call a company a BPO "mill". These companies perform a legitimate activity by finding qualified agents to do these valuations. There are times that BPOs have been the only way to make a living in the world of shadow REO inventory. I made a living doing BPOs for 3 years in the late 1990s and am back doing it again while I rebuild my REO business. The only time to call them names is when they do not pay.
Thank you for your comments. The term "bpo mill" is commonly used, even for the companies that pay well and on time. It is not intended to be disrespectfu. I, too, have completed many many broker price opinions for both companies that are strictly valuations only and for REO companies. The fees were not only a source to supplement my income, for the contacts in the REO business, but also an excellent source of knowledge of the inventory and what was coming up in the local market area.
Kind regards, Courtney