IAS & Other Expecting Increasing Inventory

BPO Training.docThought the group might find this helpful. Attached is a message I recieved from IAS. The same has been said from a few different suppliers that I'm currently working with. Anyway, more importantly for those doing BPO's you might find the attachment training doc helpful. With that being said I plan on being busy for the rest of this month so you may not hear from me for a while but please feel free to shoot me an email.Good afternoon,Attached above is a copy of new requirements that all of our clients will need to have on the bpo's from here on out. The clients have returned to IAS with some feedback on how they would like the bpo's to be done in the future. There are some things on there that we already do, and there are some new things that we will need to be focusing on in the future.Page 3 and 4 are especially important to focus on when looking at the comparables. A major problem we are having with the bpo's is that the market data is not being justified. When comps provided cannot be provided within guidelines (which is in many cases), we have to make sure that we are explaining to the client exactly why. The client needs statements of facts, not opinions. On pages 3 and 4 are the new guidelines as to what needs to be in your bpo if there are more than 2 comps outside of the neighborhood. Also, when we refer to a "subdivision" or "inside the box", we are looking at the map. That is the very first thing we look at when reviewing a bpo. Any streets that are highlighted darker than the others, surrounding the subject is what we call "inside the box". For all properties that are located in suburban or urban areas, comps need to be inside the box. If you cannot find comps inside the box or within other required parameters, the procedures are listed on pages 3 and 4.I am sending this to all of my agents who I work with on a consistent basis because I want to make sure we are all on the same page. I want to give you the information the client is giving us in hopes to prevent the bpo's from being sent back and to save time on both my side and yours. If there are any questions what so ever regarding any information on the attachment above, please feel free to call me or email me. I am here for any questions you may have! This month, we are expecting more volume than we have ever done in a month before (it will probably hit mid month), and I want to get all these issues squared away before we are all swamped with other things!!
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Comments

  • Thank you for sharing.
  • Thanks Johnathan,
    I've recently been experiencing a number of BPO request from IAS. What has been your experience as far as BPOs to assignments?
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