REOPro - Real Estate Default Professionals

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Financial Asset Services, Inc requires payment to be Vendor

Received this morning and would like to see if anyone is getting any orders Or REO's from this company.

I have had one order in the past 6 months from them and four or five requests that they placed with another agent. 

Vendor Registration

As our panel expands, we will be providing our registered vendors the priority on incoming orders/assignments and we want to give you the opportunity to receive business from us.

Many Appraisal Management Companies (AMCs) utilize other platforms to process their orders/assignments; whereas FAS uses our own proprietary platform and has an in-house IT staff to support our vendors and clients. Currently, rather than charging a per-file transaction upload fee, background search fee or technology fee, which is standard in our industry, FAS charges an annual fee.

We welcome any questions you may have in regards to our policy and realize that our company is comprised of our employees and our vendor panel and thank you all for your continued support.

Click Here To Become A Registered Vendor

or copy and paste the following URL into Internet Explorer 5.0 or greater:

Annual Registration Fees:
  • Agents who are interested in receiving merely BPO orders: $100.00
  • Appraisers who are interested in receiving Appraisal orders: $100.00
  • Agents who are interested in received BPO orders and REO assignments: $200.00

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That doesn't seem to be anything new for FAS.  I've seen those fees before. 


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