Americas Info Mart | https://www.aimyourway.com/ |
ASG Mortgage Services | http://www.asgbpo.com/ |
Asset Management Holdings, LLC | http://www.AMHusa.com |
Asset Valuation & Marketing, Inc | http://www.assetval.com/ |
Atlas REO | https://portal.atlasreo.com/BrokerApplication/ |
BearStone Properties | www.bearstoneproperties.com |
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BPO Pros | http://www.bpopros.com ( basically a sub contractor) |
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Clear Capital | http://www.clearcapital.com/ |
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CoreLogic | http://www.sourceoneservices.com/ |
CoreLogic Appraisal Services | http://www.corelogic.com/default.aspx |
Corporate Asset Management, LLC | http://www.camreo.com/ |
Corporate Valuation Services Inc | http://www.provalu.com/ |
Data Quick Lending Solutions | http://ls.dataquick.com/default.aspx |
Default Servicing Technologies, LLC (DispoSolutions) | http://www.dst-llc.com/ |
Dinwiddie Property Services Company, Inc. | http://www.dinproserv.com/ |
ELAM REO Serivces Inc. | http://www.elamreo.com/index.htm |
eMortgage Logic LLC | http://www.emortgagelogic.com/ |
Epic Real Estate Solutions | http://www.epicress.com/ |
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Equi-Trax Asset Solutions | http://www.equi-trax.com |
Financial Asset Services, Inc. | http://www.fasinc.com/ |
Finiti | https://brokerweb.finiti.info/ |
Fisk Properties Incorporated | http://www.fiskproperties.com/ |
Five Brothers Mortgage Servicing and Securing, Inc | http://www.fivebrms.com/ |
Freddie Mac BPO Direct | http://www.bpodirect.com |
Goodman Dean Inc. | http://www.goodmandean.com/ |
Home Trust Nation | http://hometrustnation.com/registration/vendor.php |
iMortgage Services | http://www.imortgageservices.com/index.aspx |
Infinity Valuation Services | http://www.ivsbpo.com/ |
Innovative Real-Estate Investment Services, LLC/Asset Mgt. Holdings | http://www.IrisVal.com |
Inside Valuation, LLC | http://www.insidevaluation.com/ |
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ISGN (Fiserv Lending Solutions / Golenders.com) | http://www.isgn.com |
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LandSafe, Inc. (B of A Valuation Services) | http://www.landsafe.com/ |
Lender Processing Services | http://www.lpsvcs.com |
Lighthouse Real Estate Solutions (LRES) | http://www.lres.com/ |
LPS (LSI Division) | http://www.lsi-fnis.com/ |
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M2M (Mark-to-Market) | http://www.marktomarket.com/ |
Meridian Asset Services | http://www.masreo.com/index.html |
MGIC Real Estate Valuations | http://www.mgic.com/index.html |
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Nations Valuation Service, Inc. | http://www.nationsvs.com/Home.aspx |
NationWide BPOs | http://www.nationwidebpos.com/ |
Nationwide Management Services, Inc. | http://www.nationwidemsi.com/default.aspx |
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Old Republic Default Management Services | http://www.oldrepublicdefault.com/Default.aspx |
Olympus Asset Management | http://www.olympusasset.com/ |
PCV Murcor Real Estate Services | http://www.pcvmurcor.com/ |
Phoenix Asset Management | http://www.assetonemg.com |
Platinum Real Estate | http://www.platinum-realestate.net/ |
PMH Financial | http://www.pmhfinancial.com/ |
Premiere Assett Services (Wells Fargo Home Mortgag | http://reo.wellsfargo.com/ |
Pro-Teck Valuation Services | https://www.protk.com/public/Default.aspx |
BPOFullfillments.com | https://www.mainstreetval.com/Login.aspx?ReturnUrl=/default.aspx |
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Rels Valuation | http://www.evalueit.com/asp/home/index.asp |
REM Corporation | http://www.remusa.com/ |
REO America | http://www.reoam.com |
REO Real Estate | http://www.reore.com/ |
REO World | http://www.reoworld.com |
Residential Real Estate Review | https://www.rrreview.com/default.aspx |
Safe Harbor Collateral Solutions | http://www.safeharborus.com/default.aspx |
Secured Lending Services | http://www.irepvm.com/ |
Security National Servicing | http://www.snsc.com/ |
Sedgwick Management Group, LLC | http://www.sedgwickmg.com/ |
Service Link | http://www.servicelinkfnf.com/ |
Settlement One | http://www.settlementone.com/ |
Single Source Property Solutions | http://www.singlesourceproperty.com |
Southwest Financial Services, Ltd. | https://www.sfsltd.com/www/index.html |
StreetLinks Lender Solutions | https://www.streetlinks.com/landing/bpo_agent |
Transcontinental Valuations | https://www.transconvalue.com/Home_Page.php |
Trinity Real Estate Solutions, Inc. | http://www.trinityonline.com/index.html |
Valuation Partners | http://www.valuationpartners.com/ |
Valuation Support Services | https://www.vss20.com/Pages/AboutUs.aspx |
Valucent Corp | http://www.valucent.com/ |
Vendor Resource Management | http://www.vrmco.com/products.aspx |
Replies
Sorry to burst the bubble Justin - but doing BPO's is not going to get you REO work- its not that simple but simple enough...
Also in any large scale business where technology is use predominately over human decision making , you will see a huge erosion on pricing, participants and standards..look at insurance quotes, airline tickets, AVM's. the list goes on and on...
REAL ESTATE KANSAS LIKES BPOs
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 $$$! NRT actually eased up making the hold REO weekly check every 14 days instead of 7. They gave me permission to do a 1 per month on this property after I complained and stopped doing them at all! Since I can handle any type of home, debtor, repair & always close on time they decided I was worth it!! Those who are awesome at what we do so we don't need REO's! In fact it's a bad business model compared to retail sales! The smart companies will try and keep quality brokers! If your a good broker don't be afraid to throw your weight around. If you loose a service provider so be it! Sell retails! Work with investors & builders!
The service providers will all come around if the good brokers are acting like we are worth it! If they have to deal with the in experience & revolving door of new brokers for a while we will soon be in high demand. Selling houses with no discounts, service referrals, BPO's, CFK's, Repairs, utility management, & fighting with the payment dispatchers over how you uploaded the last electric bill is awesome! Damn.... why would we go back until they get back to the money they paid us before 2009!
Justin Thayer
Team Thayer Real Estate
I agree with you 100%. Sometimes we are so desperate to get a listing, we sell ourselves short. I have stopped doing BPO's until something changes.
Sarah,
Yes BPO business is booming because of foreclosures ending...yeah right!
But I have noticed that the bigger the city the more competition there is. More suburban and rural you are, the better it COULD be for your business.. I have clients who do 100 orders a month and they MAKE as much a 400+ Orders a month brokers in Los Angeles, Miami, or Chicago..
Advice is- Keep up the great work..and Thank G*d no one has found out your secret...!
Pretty good list! Any chance anyone has contact information to collect outstanding invoices from NREIS! I know it looks bad but I cant sit and do nothing when they owe me thousands of $$$. karlheinz3_44870@yahoo.com
Great list!
Which state has the most activity right now? My orders fluctuate...some months hardly any, other months I am quite busy here in Tennessee.
Joe,
Yes we signed you up to 35 BPO companies of the top companies that offer jobs in your region of the MID Atlantic and Northeast markets - the previous in the list are a larger swath of companies because included in them are REO AND BPO firms NATIONWIDE-
Volume always differed from Region to Region...and some companies also fall on and fall off..
As you can see finally after many years of non-payments to their brokers IAS is "restructuring" and has in effect hired a bankruptcy attorney..
Thanks Joey.
No problem Frank- nice to hear a thanks- As you can see finally after many years of non-payments to their brokers IAS is "restructuring" and has in effect hired a bankruptcy attorney..- that's why I didn't include them
Google Denver Post and IAS