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I no longer do BPOs, except for my listings, but as I recall they did pay fairly quickly - it just wasn't very much. They were also an outsourcer for Bank of America at one point. Not sure if they still do.
I am getting to that point.
I was asked to pay another $44 for a background check so I contacted the bkgrnd ck co and they sent me a copy of my previous submission and I just fwded that to them. I call this lunacy in mgmnt!! They have people working there who are immature and have no idea of the big picture.
I have also had problems with them. I was getting direct deposits from them and all of a sudden it was decided that since my E and O Insurance did not match my name ( I am the broker owner fyi), that I had to register again with them under my company name? If they were insistent about that, I think that just the checking account information and the made payable and W-9 should have just changed. I don't understand their logic and now I have to register again with them. I don't get much from them so not sure if I want to waste my time.
I just went through the sgnup process last week and they paid for the background check.
Its Stewart Lending Services and yes they have changed a lot of their registration requirements - this 3 sample BPOs is outrageous but they are getting them
They also demand the EO and W9 match even if you are the managing broker and can get paid directly. This is even after the broker has done past work for them.
They are a REVVA member so a background check is mandatory - and by the way - you have to CALL Sterling and request your background check is supplied to each specific REVVA member you are registered with -despite the advertising that if you complete the backcheck for one REVVA member it is good for all. Some of their (Sterling) call center people say you can only make one request per call and others do it all at once. Others just don't have a clue at all....
Also they (Sterling) will only USPS your background check in 7-10 days - BUT only if you request it.
Back to Stewart - they also want a resume with actual dates of employment and education going back to HS!! I said really? they said yup!
If they paid for the backcheck consider yourself lucky every other REVVA member is making the realtors pay for it themselves.
I found that out, whoever is running that show is an absolute control freak.
Stewart confirmed again today you pay for the background check - they do not pay
I'm not familiar with Stewart, but the request for samples really isn't all that uncommon. As an appraiser, I send would-be clients samples all the time. With all the redactions, I can hardly see the benefit to the client, but they get 'em.
I block out the address, client, owner name, etc. Most BPO/Appraisal companies care more about the grid page (can you do an adjustment? does it make sense? is it uniform?) than they do the confidential data.
yes, I stopped doing BPOs for them . After filling out all the ridiculous paperwork, all they sent me were not BPO requests, but drive by inspections and they only pay $17 per order. I do these for two other companies who pay me $30 for the same inspection form. $17 doesn't even pay for the gas and the wear and tear on my car !! These are not valuations at all. And when I accept an order from Stewart, my phone rings off the hook all day long asking for updates. They drove me NUTS !!!!! (although, I admit, I was already headed in that direction ! )
Who do you do drive by inspections for that pay $30? I know Trinity does but is there another out there?
yes, First American