Valligent

[Janet Frederick NRBA, CRS, ABR]

Hi All,

Does anyone currently work for Valligent? I just started receiving occupany checks from them and I haven't seen any posts on the site for this company.

[Miguel Garcia (FSP) (CSP) (CPV)]

They are a good company. A friend of mine work with them and I submit my resume a couple days ago! waiting to hear back from them!

[Vitaliy Mikshanskiy]

I've just submited my profile. How long ago you've had a profile with them before receiving O/C. ?

[Byron Guillermo]

This is a response given by the CFO of Valligen to Housing Wire....You make your decision to work with a company like this:

"HW: Well, let’s talk different options. How are valuations different from broker priced opinions? They’re more prominent on the REO side of the business. Are they cheaper to use for lenders than valuations?

Jeremy: “Usually, BPOs are cheaper. Lenders take advantage of the fact that many real estate agents in this economy are desperate for listings, and implicit in the BPO request is the chance to obtain the listing and receive a sizeable commission. Brokers often end up working for less than minimum wage to complete the BPO, on the odd chance that they will receive the listing. More commonly, certain agents specialize in BPOs, and rush to complete these assignments as quickly as possible, given that they may only be paid $20 or less to complete these assignments.

“Yet real estate agents as a whole have little or no education or training in valuation methodology and have a personal vested interest in their valuation amount, as it can influence how fast they can sell the property if they do get the listing. The lack of standards and liability for errors and omissions within a BPO means that quality tends to be extremely poor and inconsistent.”"

[Jesus (Jesse) Gonzalez]

This letter so plays into exactly what I was saying on another forum, check it out, http://reopro.ning.com/forum/topics/lower-rates-for-a-bpo

[Jerry ahuja]

Is Valligent just a BPO company or do they assign listings as well? what is their website is it www.valligent.com? please let me know thanks again in advance.

[Janet Frederick NRBA, CRS, ABR]

Thank you all for your replies! I was contacted directly by them, I did not sign up on their website. They seem very easy to work with, but I can not find information on them. I have done two O/C for them and it was very simple, but I really don't know what to expect. Not sure if they are just a BPO company or not.

Byron- I just received a $15 BPO from Mainstreet, needless to say I turned it down!!

[Tim Turner]

I think the order from Mainstreet was a Property Inspection. It's just 6 photos and a few basic questions. No comps.

[Janet Frederick NRBA, CRS, ABR]

Maybe it was only a Property inspection!

[Miguel Garcia (FSP) (CSP) (CPV)]

Still 6 photos of the subject is a trip to the property and with $15 we will not even make money for the gas. I don't think they are charging $30 to the client. Most likely $100 and they are keeping $85.
Not worth our time.

[Jose Rivas (DGRA) CDPE, SFR]

I dropped Mainstreet last year, they pay on time, but they are just a bpo mill. and I agree with other here, $15 is just gas money to go and do the bpo or inspection, I know some companies that pay $25 to $35 for desktop bpo or retro bpo.

[George A. Del Cid]

Again it is up to each one of us to determine what is worth our time and money. For me I would definitely take a Property inspection report. But then again it would be more worth it for me being that I would more then likely being doing other orders that are along the way. So doing a property inspection would be no big deal. Heck, I even do most of my errands when I am doing my drive-by BPO's. So I guess if you never have BPO orders that might be on the way to your Property Inspection report, then yes it might not be worth it.

[Rosemary Brooks]

What is the site address. I have never heard of them