Anyone doing BPO's for them lately? I've been receiving some in the past few weeks, but their fee of $30 for BPO Exterior is somewhat too moderate, your thoughts?
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They use ORDMS Quandis. I have been doing bpos for them since 2010...they are not assigning assets here in CA. $30 is too little for the time it takes.
I'll pick these up from time to time if they are nearby. Also... you can negotiate with Old Republic... so there's no need to accept a $30 BPO.
For what its worth, Old Republic does have listings around the country. That doesn't guarantee listings, of course, but it doesn't hurt to keep your name in the mix 2-3 times a year. I haven't gotten any yet, but my broker's had a few.
The complexity of their form does not warrant such a low fee. I get a few requests every month, sometimes the same order several times on the same day. Sometimes I get a blast email from an order processor asking for my fee and tat for a particular address. I have replied with an appropriate fee on occasion with no reply.
It's kind of like Maslov's hierarchy of needs. If you've ever completed their BPO for $50 and they then reduce the fee for the same amount of work to $30, you will never be satisfied again. The situation breeds resentment and discontent.
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Hey Taimi,
They use ORDMS Quandis. I have been doing bpos for them since 2010...they are not assigning assets here in CA. $30 is too little for the time it takes.
Good luck!
I'll pick these up from time to time if they are nearby. Also... you can negotiate with Old Republic... so there's no need to accept a $30 BPO.
For what its worth, Old Republic does have listings around the country. That doesn't guarantee listings, of course, but it doesn't hurt to keep your name in the mix 2-3 times a year. I haven't gotten any yet, but my broker's had a few.
Thank you Seth!
My pleasure.
How to sign up with them?
Complete the attached application and submit via email to: ohdms.bpoagent2@oldrepublictitle.com
Old Republic - BPO Application.pdf
The complexity of their form does not warrant such a low fee. I get a few requests every month, sometimes the same order several times on the same day. Sometimes I get a blast email from an order processor asking for my fee and tat for a particular address. I have replied with an appropriate fee on occasion with no reply.
It's kind of like Maslov's hierarchy of needs. If you've ever completed their BPO for $50 and they then reduce the fee for the same amount of work to $30, you will never be satisfied again. The situation breeds resentment and discontent.
Thank you Cece!