ly send orders to you as they appear in your areas of coverage. Being a Preferred Agent also puts you at the “head of the line” and you receive more BPO volume that other vendors in the area.
We are restructuring the vendor fees for all of our Preferred Agents. We now require that our Preferred Agents accept a fee of $40 for drive-by BPOs and $55 for interior BPOs.
If you are able to accept this new pricing and remain a Preferred Agent, please see the updated form attached. Simply complete the form and send it back to my email address.
We look forward to a continued relationship!
Wanna guess my response? lol…
of the Mortgage Bankers Association. I would check to see if that is true and trust that the MBA cares about the reputation of their members.
I doubt that you could get a retainer fee. Nothing wrong with asking. You just have to be very specific about what they would be retaining you for. I couldn't find the complaint you refer to.…
protect your license is to print out the report once you complete it, but the company is using your name and license number to legitimize their numbers. It's really a shame that it has come to this.
By the way, has anybody seen all of the emails that bpo online is sending out? They are desperate!…
My opinion is we need to form a Trade Organization of BPO agents to have the following demands to BPO companies and request ALL of Realtors out there to boycott or not doing any BPOs below the set prices. I have completed over 2,500 - 3,000 BPOs from 2006 - 2010 timeframe and then I stopped doing that because the fee was dropped and the forms more picky like appraisal reports. One year, I remembered I made close to $50K seriously just doing BPOs and of course I had to pay tax a lot in that year :-), but I feel I deserved my hard works.
1) Exterior BPOs - at least $50
2) Interior BPOs - at least $90
1) BAD BPO Companies which DON'T Pay or Pay LOW
IAS (Integrated Asset Services)BrokerPriceOpinion Main Street Valuations (BPO Fulfilment) pay only $20 - $30/BPO and the forms is picky/insane...
Green River Capital payss only $17.50 for their InspectionConsolidated Analytics (formerly Carrington Morgage Default) pays a whole $35 for an exterior BPO. Valuation PartnersValuation VisionSand Castle Field Services (suspicious company?)Titanium Solutions (Bankcruptcy or BK)Evalonline (BK)Evaluation Solutions (BK)TransContinentalSecured Lending Services (BK) <-- formerly vendor of HSBC BankNational Real Estate Information Services (NREIS) (BK) <-- formerly vendor of NationstarTitanium Solutions (BK)PowerlinkServicelinkUTLS (UTLS Default Services LLC)Summit ValuationsNetwork Mortgage Servicing
2) GOOD BPO Companies which PAY and some companies take longer times to pay
clearCapitalAltiSourceCoreLogic Goodman DeanRRRevieweMortgageLogicEqui-trax (sister of eMortgageLogic ?)iMortgageMainstreet ValuationsPCV MurcorRELSLPSLSILandsafe,FAS (First American Services)?MeridianFranklin CreditSingleSource Asset Valuation (can pay up to $160/BPO should negotiate with them)REMUSAFirst American Residential Value View (purchased by CoreLogic)Old Republi (picky and only $30/BPO, but can negotiate)Summit ValutaionsISGN (but has website issue only works with IE8 browswer)Five BrosSpecialized Asset Management (SAM)Marktomarket.us (Mark To Market)ProteckFiniti
3) New BPO Companies and not sure how they pay and reputation?
DataQuick (formerly Transunion)First American Asset Valuation Solutions (FAAVS)…