Has anyone had any experience with this company? I have provided about 10-15 free BPO's for USRES and have not received any REO's. They claim they will provide REO business if you do their BPO's. Many of the BPO's I am doing are properties that are in foreclosure and vacant. Eventually they will be foreclosed upon. Am I just being inpatient or will my work eventually pay-off. My name is on every BPO. Also, I am signed up with other BPO companies like clearcapital who only gives you 5 minutes to respond before they send the order to someone else. I have a couple of companies like this and it is very frustrating. I got an iphone for this purpose.
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I had completed more than ten BPOs and never received a listings, So I stopped doing BPOs for them, however, I am with res.net because other companies use the platform that have REO listings. There are few other companies that do not pay for BPOs and I will give most a chance, but they only get a few if I don't see a listing or someone else in the area is assigned the property - the honeymoon is over!
Have very good day
Claudio Leiter > Bardell WagnerDecember 16, 2009 at 8:35am
Whch companies you have done free BPO for? I'm interesting in trying those companies to see if I can get some listings.
I have never done BPO for them but I have heard the same from others. I would not do free BPO at all. I will do free BPO if it is my listing. No freebies.
I used to work with USRES. When I first started I had 6 properties that where brought over from another REO company. (first REO company lost the properties to USRES, but they kept me on as the listing agent.) They would occasionally send me a BPO that stated since agent was eligible for listings there would be no fee paid. Then I got a few more listings that were mostly favors, as they were distant properties. So, I was given 9 listings in a 12 month period with maybe 8 or 9 BPO's. Then nothing but an occasional BPO request that was pretty far out. One came in that was just outside our MLS area. I called and told them that I would do it as a favor...but, I hadn't received a listing in over a year. What's up. I was then told that their policy is 10 to 12 BPO's for every 1 listing. And, I had had 9 listings with only 8 or 9 BPO's. I had to remind them that 6 of those listings came with me. So they sent me a listing. But now you have go to RESNET and pay an annual fee. Anyway, that's the way it was over a year ago . I have other REO business so I opted not to pay a fee for which I may or may not receive any listings.
I receive REO listings through RES.NET (which is the REO Platform for USRES). Make sure that you are registered with RES.NET. You need to make sure you ask the companies, that you are completed BPOs for, what their REO Management Platform is. Here are some platforms I know of. If anyone else knows of others, please let us all know.
I've done about 3 Free BPOs for USRES and haven't received any REO listings yet. I was wondering the same thing. I was signed up with USRES for about a year before they asked me to do any BPOs.
Replies
Have very good day
Thanks,
Claudio Leiter
RES.NET
Dispo Solutions
REOTrans
ReoTech
lrescorp
REO.COM
RealTrans (Ocwen)
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