Just heard from my asset mgr that they are reassigning a bunch of properties due to a new policy about distance to the subject. Your office can only be 10 miles away from the property, they can bump it up to 20 with mgmt approval.
I had someone contact from Old Republic last week and I registered for BPO work. I have been getting about 2 interiors per day from them since then. All Short Sales. What is the process for REO listings? How are they assigned? I read somehwre there is training involved? I also saw something on a site that stated you must perform 10 BPO's or work for them 90 days before reigistering for REO's?
Not only do you have the class at almost $400 but you have to register with the platform company they use. I can't remember what it's called (REOMaestro?) that cost around $175. And you need to complete at least 10-15 bpos with them.
I have done 100 BPOs for them, befriended the BPO and vendor managers who've put in good words for me with all the AMs and NADA. I decided not to shell out the cash for their new training requirements.
Kyle, Barb and all others,
I was on their approved REO list in 2009. Silencio or nada. This year I signed up with the company for registration. So far they demanded original copies of the broker licenses. A resume, all references checkedout. They said my name was search-able but needing to complete my $399 training(~18 hours long 80% or better score). I have uploaded other REO credentials and will give them my ivy league graduate diploma which is the highest any institute can issue. They kept demanding that I need to learn how to do bpos and complete their own training. From other blogs I read only 2 or 3 agents are getting listings since 2009. Rest agents put their money down and showed their empty wallets.
I have luckily completed 10+ BPOs with no call back for correction. So my standing in good. To get that many in one year I have to go to 2 counties away for a $45 interior. Their BPO dept is so small and does not seem to be well organized. BPOs stay in queue for days and I have to ask the coordinator to go after their own qa. Unless they have the inventory to show, should we spend $ elsewhere?