My Sources tell me that the good ole morning blast that they used to do is gone the way of the dodo bird...Caveat is ( depends on what state [and its alot.. or market are you are in...) Now instead of waking up early and being sleepless in the wee hours of the day...you can stay up sleepless in the night thinking about where your next dollar is coming from...
I hear that they are only "calling" brokers for Interiors...or CMA's - is that something?!
Ahh the golden days of Auto Accept Software is done people...adapt...
1. Please offer quality reports-
2. No kickbacks (QC's)
3. Lower your BPO fees ( I know that's hard but try, what with gas, insurance, etc etc) or Raise them much much higher...(that's actually worked for a lot of our brokers..as many people have learned in life...price is NOT a perception of value..ITS A REPRESENTATION OF HIGHER VALUE...) That is how big box stores sell..do you think you are saving money on every item in your W*lm*rt shopping cart?.some are priced higher or lower....its also why I end up dropping a fifty bucks even if I go for milk...lol..separate issue..
4. Get to actually know the people sending you, your BPO reports....(as in answering the phone....Hello Peter, Paul, or hello Mary....wow subconscious slip of my age)- Call them at least once before completing the report- ie follow up etc-
5. There's Ton's of REO work out there- if you really think submitting your name on a bunch of yellow-pages of REO websites is the way that REO's are going to come to you..that they will just PICK you...please keep on doing that..so that brokers who do 200-250 BPO's a month have No COMPETITION getting BPO's...because its apparent your business strategy is HOPE and your goal is..MIRACLES...
6. If you think doing BPO's run like a proper business with Profits, Margins and Expenses is a waste of time..Read #5 Again...your competitors thank you and pray for your continued ignorance..everyday they cash a check..
Joey Singh
JSingh@theameritaxway.com
Skype: Ameritax1
1 516 881 0126 Direct Ops Line
1 800 689 6028 Fax
1 917 859 4400 Cell
http://www.linkedin.com/in/joeysingh
DISCLAIMER- This is a tip to make money...our firm is not affiliated with anyone.nor am I seeking ANY solicitation for outsourcing your BPO data entry and capturing to us.....
Replies
I'm taking all of their calls. Asking for $50-120 for exteriors depending on the distance and getting the fee. Replying to all of their email asap with fee and turn time. Got quite a few yesterday - Monday. One order processor sent me a long list of NE Ohio city/zips AND called. It seems they do not have my list of zips or are ignoring it. He even tried to persuade me to go into an area in my MLS but not an area I cover by pointing out that there were 3 of them and how 'good' I am. I did a lot better than I had been doing using an auto-acceptor. They did blast one $40 order today.