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Old Republic Sending Invitation to become REO Agent

Posted by Hugo W Meza on March 13, 2010 at 9:20am in Uncategorized

I have heard from other agents throughout the US who are receiving invitation by e-mail to sign up to become an REO agent.

Their requirements besides standard requirement from other AMs

REO Accredited Agent Certificate........( Opt 1)399.00 Opt 2 .149.00( Old Republic Specific Class)

798.9

In my opinion, I think this is little extreme for agents to pay with no guarantee to get listings. Does anyone list their REOs? I would like to know your thoughts.

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Replies

- Matt Z > Seb Frey May 7, 2010 at 10:20am
  
  I just got an email from REOVM to submit an application and pay all these fees. Does anyone know who their clients are? My REO listings are going down so I need to pick up more REOs. Any tips would be appreciated it. By the way I am in Maryland and Northern Virginia area so if you are from other states and can help me and give me a warm referral with other asset manager I will definitely work some kind of referral with you. Please contact me on my personal email or just call. I have no problems showing my accomplishment, you won't be disappointed by referring me to AM.
- Hugo W Meza > Seb Frey March 14, 2010 at 9:01am
  
  I do lot of BPOs for them and I know who their major client is when it comes to BPO. I tried to register to become REO agent with them after i did my 10 BPOs which they only requiring it. I think they have just be stalling till their new program. What do you think subscription to REOVM?
  - Crystal M. Bush > Hugo W Meza March 14, 2010 at 10:15am
    
    Is their major BPO client BOA?
Richard J. Allen March 14, 2010 at 5:27am

that is a whole lot of money going out the door. I'm not throwing more cash into this now as I just don't see that many listings coming over to anyone.

Good luck!