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I'm new to BPOs and would like to do them to supplement my income, as I do real estate full time and most of my efforts are focused on working with buyers and sellers. Though I would like to make a dent in it and also get to know the world of REOs. Any recommendations for BPO companies to register with that you've had good experience with? I'm looking for someone reliable and who will actually pay, preferably in a timely manner. I live in Louisiana if that helps.
So far I've registered with Residential Real Estate Review, which all they need is a copy of my real estate license but I'm waiting on that because I just switched brokerages last month and my broker hasn't received it yet. I'm in the process of applying with PCV Murcor, Clear Capital, and
Any other recommendations? In in Louisiana if that helps. Thanks in advance.
Good advise Blair, the BPO business is not what it use to be, and will play out soon because of all the security breaches with the large BPO Broker mills.
Hi Blair, BPO's with the good companies have gone by the way side at least in my area of Fl. The fees were dropped so badly due to newer agents wanting to get in and agreeing to do them for a reduced fee. 1 response you received from a fellow agent said emortgagelogic was good, based on my experience in 11 years of doing Real Estate, would NOT be 1 I would work for AGAIN! They owed me over $2000. in fees when the market was good and I cannot sue for that, only my Broker could and he opted not to. Be Careful, Do Not Pay fees to do BPO's or REO's you will be broke in no time. Sorry to be a "downer" but lessons are learned the hard way, which I did, I now focus on 1 or 2 companies that pay well and focus on my business at hand ! Real Estate :) Good Luck, if I can help in any way, please let me know.....
Smart lady, that is exactly what I did, only got burned for a few hundred dollars less than 500
Thank you Linda. I signed up for RRReview, Clear Capital, and HomePath so far. My broker has previously done work for HomePath not all that long ago and always got paid and quickly. That's not to say I'll have the same kind of good luck like he did, but I'm gonna focus on those for now and see what happens. I will definitely reach out to you if I need it!
Good advice Linda, I agree! The fall of BPO is on the larger Real Estate companies opening up these BPO Mills and hiring software geeks to capture the market. That is the down fall of BPO's. Greed!!!! When the banks system get hacked by one of those geeks, they will turn it around, or go back to hiring appraisers.
Our company primarily assists real estate Agents regardless of experience. We can definitely point you in the right direction for getting started in the industry. Phone consultation is free, order management Pipeline is free, & our order outsourcing is a streamlined pay as you go service.
Hi John, thank you for your insight. I'm checking out your company's website right now. Do you all provide BPO work or just the software for quick input?
Yeah we provide outsourcing and automation for a select number of companies.
Hey there Blair,
Welcome to the BPO Industry, get ready for a fun ride that could change your life and how you do in your real estate career!
I'm a BPO trainer, coach and past BPO agent that's based near Destin, Florida. We also offer BPO software to help you automate filling in 90% of your RRR and Clear Capital orders and our software works on lots of other BPO provider sites.
My recommendation is two fold for you.
First: check out my straight-to-the-point blog about the only 15 BPO companies that you should worry about signing up for and doing BPO orders for.
Second: my other suggestion is to check out our newly-updated and completely free BPO and REO Companies List. It offers all the information you need to decide which companies to work with because of how much volume they have, how much they pay, what other BPO and REO pros think of them within a 1-5 star rating system and direct links to sign-up with any company once you are ready.
Here's a link to our directory: http://www.bpo-companies.com/
Please let me know if you have any more questions, I'd be happy to try my best to help!
BPO Automation Group LLC
BPO University LLC
Thanks for the update Nicole. I looked at the directory about a week ago and it was definitely outdated. I was looking for your rating on one of the ratscam companies and it wasn't there. I don't remember which one.