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I was just approved with Old Republic Default Management Services (ORDMS) as a REO Listing Agent. In order to receive REO listings you have to sign up with Res.Net for an annual fee of $250. Has anyone had any positive/negative experiences with either Res.Net or Old Republic?

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Good morning Lillian.
Guy. M from Exitrealtyplus in MA
I have registered to Res.net 2 years ago, I recently just received 3 Listing assignements. I currently do a lot of BPOs for Old Republic. They are all good companies. Just be patient.
Thanks Guy, as a new agent I was wondering if I should invest the $250 with Res.net. Thanks for your advice and I will be patient. Old Republic does seem to be a good organization. The staff is responsive and I too do a good number of BPO work for them. Were the REO listings you received from Old Republic or another asset company? Have a great day and thanks again!
Congrats, Lillian. Patience paid off.
No the Reo listings was from Olympus Asset Management, and Banker Asset Management. I was told by one Asset manager from Old republic that in order to receive any Reo listing, there is a certain number of BPOs to be done.

Lillian, I am currently Signed up with them and have been receiving BPO assignment. How many BPO's did you complete before they added you as a preferred Agent? Are there any additional steps I should take?.....I am just trying to figure out if it is worth to do the BPOs....dont want to feel like I am spinning my wheels!

Congrats! I have been on ResNet for quite some time. Really, it is more of an Offer Management System platform than a vehicle to receive new listings. A few clients will look for an agent in ResNet just to make sue the agent is familiar with the system. ResNet is a very good system, and very user friendly. How did you get on with Old Republic (if I can ask)?
Hi Franklin,

Here is the Old Republic app............I hope this helps!
Attachments:
Hi Franklin,
Google Old Republic Default Mmgt. Services and obtain the web site and just sign up to become a BPO agent. After you complete 5 BPO's at a certain score you are eligible to become a preferred agent. I think you have to complete 10 in order to receive a listing. Actually it is quite easy!
But remember you are being scored for everything so be very dilegent!
Hello Lillian,

Thank you for the information. I am going to Google and try to get connected to Old Republic Default Management.

I am a member of ResNet and REOtrans and it is basically silent. This may be the next step to ramp up my business.

Denise Stovall
Sonoma County
Northern California
I signed up with them sometime ago. Out of curiosity how long it took to receive a BPO request?
I recall they said they have rec'd my application and will be in touch shortly if in need of my service?
Sam
Hi Sam,

If I recall it didn't take too long. Send them an email and let them know you have not heard anything.
What is the site to sign up on ??

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