REOPro - Real Estate Default Professionals

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REO Designations, what is your opinion on them, are they worth it?

Not to long ago, I got a RCDPro (REO Certified Default Professional) Designation from a place that advertises clients such as Wells Fargo and Fannie Mae. I can't say the certification has done much in the way of providing me new business however, it has furthered my ever expanding horizons of the REO industry. I personally feel the designation is worth it due to nothing more than proof of my commitment to my specialty and continuing desire to stay ahead by furthering my education.

So here is the question........

As a REO Professional Agent, do you have any designations and if so, have they been worth the time, effort and money? If yes, elaborate as to why, please.

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Comment by Lisa Meszaros on July 19, 2009 at 11:04am
For more info on this subject, I started a Discussion on this topic that has gotten a lot of response.
Comment by John Occhi on June 1, 2008 at 8:18am
I agree that any designation is worth the effort - even though it may or may not be recognized industry wide. I believe that have a designation shows that you have a level of commitment to yourself and your business as well as your industry and the niche you have chosen to become certified in.

Not every class or designation is easily accessible though - If you want to take the CREO you must first apply for membership at the NRBA - which is taking 90 days to process applications - then who knows what...

I recently came across the National Foreclosure Sales Training Institute (NFSTI) and yes, I was skeptical the first few times I visited their web site - but I fugued for $37 I could not get too burned.

For my $37 I received a course, that I am waiting on the grading of the exam to become a Certified REO Specialist. OK, I'll admit that the training manual and website was not full of new information for me - but I've been doing BPO's for almost 2 years and REO's for almost a year - so yes a basic course is basic to me. However, I wish I had some of this knowledge a year ago as I was getting started.

The eBook was well written and did a good job of introducing an agent to this niche. I do have to admit that I was very impressed with the quality of information found in their 8-part video training.

They also maintain a directory where you can add your picture and contact info.

As an added bonus, they provide you with a database of 100 REO contacts that you can apply to do REO work for. Now granted, this is still a relationship business, I agree, but you have to know where to build the relationships, and yes conferences are a great (and expensive) way to do this. My though is fill out every application you can - and follow up with regularly scheduled phone calls and appointments at the conferences.

Well, there you have it - my 2 cents worth - and it's just that, my opinion. Not saying it's the right way, the wrong way or the only way. I just wish I had this resource a year ago.

Now Have a Blessed Day,

John Occhi, REO REALTOR®
Century 21 Crest - CrestREO
Over $1Billion in Closed REO's
Comment by Barbra Curtiss on May 30, 2008 at 10:29pm
Any Education you can aquire in your profession is well worth it! Check into the NRBA, National REO Brokers Association. They are the only orginazation that has a true REO Designation, CREO. I have been a member for over 2 years and it made all the difference in the world for my business when I was accepted.
Comment by Stacie Cunningham on May 24, 2008 at 10:26pm
I was working on my CREO but it takes time. I am not sure if it's worth it but a big REO agent out here has it and I might as well!!

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