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!
Broker Girl > Danny HernandezDecember 13, 2011 at 1:18pm
Thank you for your response Danny. Do they have any REO Listings?
Sam Shueh > Broker GirlDecember 13, 2011 at 6:29pm
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.
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.