Replies

  • No, Fannie Mae Assets are handled in house now. If you are the broker apply to Fannie.

  • I did quite a few BPOs for Old Republic well in excess of their eligibility requirements, took the class, and registered with REOVM. No assignments. Left messages with a supposed REO manager - no response. I pretty much treat their BPO requests like a mill; I'll do them if I don't have anything better to do which thankfully has been rare. If they ever surprise me with an REO listing I will start doing their BPOs again. I've done my half of the bargain!

  • No, they lost Fannie account

    • Thank you for your response Danny.  Do they have any REO Listings?

      • They used to require a min of 20 BPO completion with excellent score they would put you on the eligibility list. Almost no agent on the list got a single reo listing.

        In CA their inventory is very limited and more often than not it is sold to other lenders.  Start in 2011 you have to pay $169 (i think) thru a third party then that 3rd party wants tuition to make you learn how to do bpo.... Bottom line, after ~$500-600 bucks sign up you are back to where you started....  This 3rd party is just a platform and does not promise anything what so ever. 

        Suggest you donate your $500-600 to Salvation Army instead of throwing it away.

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