There may be, but I'm not aware of it. You may get lucky and get handed a listing without doing a BPO. However, once you have the listing, guess what..........you will have to complete a BPO. BPOs & CMAs are part of the REO business.
I suggest you get acclimated with BPOs because they are one of the keys to pricing your listings correctly. If you don't master the BPO, your properties may sit on the market longer than 30 days meaning you'll have to do lots of MSRs (Monthly Status Reports).
You can limit the number of BPOs you perform by completing them for companies that only assign REOs. If you don't like BPOs, stay away from the BPO mills.
When I started doing REO's in 2006 I was able to get listings from, then,Countrywide without doing a single BPO From Wells Fargo after 5 BPO's were done I received listings. By the end of 2007 I had 67 listings and had only done 23 BPO's. Unfortunately that has all changed. With all the agents trying to get into the REO business the banks or asset companies have figured out that the BPO is a good way to show a Resume of sorts. They figure if you can't do a BPO correctly they certainly don't want you listing their homes.
If you can start doing BPO's for several companies you will eventually get listings. Just be patient and hang in there.
I have been doing BPO's for 2 years now and still no REO's. I'm with Res.net, REOtrans/Eqator.. or what ever they are now. I'm certified platinum with them. I'm also with Lamco and tone of BPO comp... NOTHING.. Just paying money to them for nothing.. My BPO turn around is 24-48 hours and i'm never late. Have done about 1000 bpo's last year or maybe more.. can't even count them anymore.. Hardly have Qc's ever and still nothing.. Just frastrating..
Can you tell me how to start doing BPO's I have the SFR, CRS, TRC, and NAHREP certifications however I am in Utah and I do't have a clue how to start. In utah is not required be an appraisal to do BPO's.
How can I start?