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Great advise by our In-house AM - Let's do this and see which companies pay the best and which ones don't - here's my list of good pays

EMortgageLogic
Equi-trax
Titanium Solutions
Franklin Credit
FASInc

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I have been fighting BrokerPrice Opinion for a couple of years. I filed with the BBB they looked into it and after two cases BBO claims they paid me in full and I know they still owe me $790. BBB has closed the case as not completed. I guess as long as BBO claims they paid me BBB won't do anything more.  I am not done yet

You have to refile w the BBB after each partial payment. They close the file as resolved every time you get a check. Just keep filing.

I believe that you have to file with their state attorney's office.  I am goint to do that as they have owed me money ($2000_+) for over 3 years now.  I keep getting told that the heck is in the mail.

Maybe any one that they owe money to should all call next week-

make it impossible to order more files

Does anyone know antything about class action suits?  Could we do that?

The government is trying to regulate everything we do why do they not have regulations for the AMC's.

The only thing class action suits do is put the company into bankrupcy and get the attorneys paid. I have never heard of agents getting ANY payments or reimbursements from all of the lenders and BPO companies that had class action claims. I have been part of at least 2 or 3 that went into bankrupcty like GMAC. By the time you get the notices, you probably dont have enough documentation to back any claims and there's no money left to pay you anyway. It all goes to the attorneys and the feds.

that is true. what about notifying the lenders about troubled BPO and REO companies? would that help?

I think some of the banks already know the trouble ones.  That why you big banks like BOFA/Well Fargo leaving sites like Res.net.  The companies that work for Res.net ($700 membership..ridiculous!) are the little privately own banks.  Those are the ones that pay a lower commission (4%-5%) and then you also have to pay a referrel fee which is not worth it.  They also like to stick to one low list price so they can keep their commission costs way down. Trying to convince their asset managers to price things accordingly is a waste of time.  I recently had 2 assets one was in a real bad location and the wiring pulled completely out and panel was distroyed, off a dirt access road near rail road tracks priced at $65K and the other was way on the other side of town that was in a very sought after neighborhood, much better condition and had an inground pool.  Using the same appraiser and guess what?  Same list price... GO FIGURE?  So, all I do is let it sit there and don't bother checking on it and will just let it expire. I still get tasks on listings that have expired and do not have anymore and I keep emailing them to remove them but they don't.  My membership is about to expire and won't renew, but in the meantime, I think they like to keep the tasks there to keep the banks thinking they have lots of memberships.

Your right bravery can only go so much.  Safety first as far as the high membership costs doesn't match when something harmful happens to anyone in those condemed properties.

Maria Caudle

Caudle & Company Realty  SoCal

048 Realty   Las Vegas

949 400-1206

702 430-8022

Yes that's true about your fair share of the suit, though at least the main bpo company's are now on the  RADAR and being watched for future closures.

Has anybody heard of Consolidated Analytics and how about your opinion as far as payment for BPO's?

yes-I have done work for them and they pay-hold out for $50 a file-

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