REOPro - Real Estate Default Professionals

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I have heard from other agents throughout the US who are receiving invitation by e-mail to sign up to become an  REO agent.

Their requirements besides standard requirement from other AMs


Sign up with Old Republic     ........................ 199.95  (169.95 if invited by Old Republic)

Sign up REOVM ..........................................199.95

REO Accredited  Agent Certificate........( Opt 1)399.00  Opt 2 .149.00( Old Republic Specific Class)


In my opinion, I think this is little extreme for agents to pay with no guarantee to get listings.  Does anyone list their REOs? I would like to know your thoughts.

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that is a whole lot of money going out the door. I'm not throwing more cash into this now as I just don't see that many listings coming over to anyone.

Good luck!
I was already on REO Vendor Manager (required for EquityPointe), so I didn't have to pay the $169.96 for that. I did take the REO Accredited Agent Certificate Course - it's $399 and you don't need to pay the $149 for the Old Republic Class - you only pay that if you have previously taken the course when it didn't have the Old Republic-specific material. So I paid the $399 - is it worth it? Well whatever I sunk into DefaultSchool to get in with PAS was worth it hundreds of times over. I'm optimistic. From what I can tell a lot of people DO have ORDMS listings and enjoy working for the company. They have a pretty big client list.
I do lot of BPOs for them and I know who their major client is when it comes to BPO. I tried to register to become REO agent with them after i did my 10 BPOs which they only requiring it. I think they have just be stalling till their new program. What do you think subscription to REOVM?
Is their major BPO client BOA?
I just got an email from REOVM to submit an application and pay all these fees. Does anyone know who their clients are? My REO listings are going down so I need to pick up more REOs. Any tips would be appreciated it. By the way I am in Maryland and Northern Virginia area so if you are from other states and can help me and give me a warm referral with other asset manager I will definitely work some kind of referral with you. Please contact me on my personal email or just call. I have no problems showing my accomplishment, you won't be disappointed by referring me to AM.
The only BPOs I've done for Old Republic have been for short sales
I agree!
The local REO expert told me they have hardly any shadow inventory in No Calf.
I get calls wanting to complete the credential, Now Lamco is on my case wanting $199. I have never got 1 bpo from them..

As for ORT default BPO I get ~1 request a day interior for $45. This time it is Carmel Valley about 70 miles away. Anyone for PGA tour/Interior BPO please stand up?
I always get the same! There are agents taking them. I cannot afford to do it for 45.00. They offer 35.00 for an exterior. Thats abusive already! AGENTS NEED TO STOP taking so little!
Lately, they've been raising the fee to $65 if you let your BPO contact know you will be submitting it a day early; have heard the same from other agents as well.
That has happened to me as well a couple of times recently.
Just got a request at $45 better than $35 but still..... forms are horrible time consuming. Had to reject that one. It's Monday crazy busy with things that making $
Have a great and profitable week to ALL of the REOpro members :)


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