I have had to wait on payment from Valuation Partners, but have been paid. Old Republic just changed their form it is just like an appraisal to much work for so little 30.00 for a exterior or 45.00 for a interior, they now want your mls code, and several other little things that are starting to make it more time consuming than ever to fill out.
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Our MLS rules state that if we let anyone use our login code we are subject to a $5000 fine and loss of MLS access. I don't know what your rules say, but it's not worth it. I'd tell them to pund sand.
I can't afford to accept their BPO's at the price they are paying. Too much work for the money we get paid. They certainly are getting paid much more for them than we are.
Valuation Vision (V2) took almost a year to pay me for just a Property Inspection that paid $20. A law firm is looking to talk with agents who have not been paid by them or who got paid but it took more than 30 days to get paid. This firm is also involved with class action suits against 3 other BPO companies.
I had to threaten Valuation Partners with liens and small claims to get paid by them after almost a half year of waiting to get paid.
I did 3 BPO,s for them in Oct of 2013 and 3 in January of 2013 so far I only have gotten paid for 1 of them in Oct. just this week they sent me 4 new BPO, I sent them a letter telling them I'm not doing any more until I get paid. I live in a very rural area and it takes me at least a half hour to drive to some of them I'm not sure it's worth it. Its hard to find comps for some of these properties and there forms are long.
There are not many good BPO companies left out there. And even those that I have done thousands of BPOs for have been changing and lowering their pay scale.
Even BPOFulfillment seems to be going through some changes now.
Hello,
We provide BPO ordre capturing service for RRReview and Altisource. We have very good success ratio and you can pay for accepted orders only, no additional costs. Please send me an email on (imran.brokerpriceopinion@gmail.com)
Thanks.
Hey,
We are a team of people having experience in manually accepting new BPO orders for most of BPO companies. We are very prompt in accepting orders when they are posted and can accept orders on your behalf for companies like RRReview, Atisource (Ocwen), Clear capital, OLD Republic, Equi-trax, SAM, Proteck, Corelogic, Emortgagelogic, BPO Fulfillment (Mainstreet Val.), Inside Valuations, GoodmanDean, Woodfinn etc.. and other companies.
We have one year experience and very high success rate in accepting new orders. There is no automated software used, We constantly monitor your email for new order and immediately accept new order when it is available, we do it manually and it is legitimate. We can provide you free service for a day or two if you are interested and accept some orders for you.
You would pay for accepted orders only, no additional costs. If order is canceled later you don't need to pay for it.
You can leave all your worries on us for accepting orders, please shoot me an email bpoorderaccept@gmail.com
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Thank you.
Frank Stallworth
BPO Order Accept
bpoorderaccept@gmail.com
HEY
Jesse should be charging you an advertising fee.
Ronald you are so correct- He actually makes me look bad....and I didn't think that was possible...lol
When I started in REO nobody did a BPO under $100. I received $1000-2000 for successful CFK's & my commission was never less than 2.5 per transaction side. I stopped doing BPO's after the standard became $65! I saw people doing them for $35-50 in the end! My last REO sale commission was 2% -25%. They even started charging me $5 per invoice to pay me back my expenses
I have almost stopped all REO work altogether! Except for NRT I have no REO work but am making more $$$! NRT actually eased up making the hold REO weekly check every 14 days instead of 7. They gave me permission to do a 1 per month on this property after I complained and stopped doing them at all! Since I can handle any type of home, debtor, repair & always close on time they decided I was worth it!! Those who are awesome at what we do so we don't need REO's! In fact it's a bad business model compared to retail sales! The smart companies will try and keep quality brokers! If your a good broker don't be afraid to throw your weight around. If you loose a service provider so be it! Sell retails! Work with investors & builders!
The service providers will all come around if the good brokers are acting like we are worth it! If they have to deal with the in experience & revolving door of new brokers for a while we will soon be in high demand. Selling houses with no discounts, service referrals, BPO's, CFK's, Repairs, utility management, & fighting with the payment dispatchers over how you uploaded the last electric bill is awesome! Damn.... why would we go back until they get back to the money they paid us before 2009!
Justin Thayer
Team Thayer Real Estate
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