Great advise by our In-house AM - Let's do this and see which companies pay the best and which ones don't - here's my list of good paysEMortgageLogicEqui-traxTitanium SolutionsFranklin CreditFASInc
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I haven't done many for RRR, someone always seems to beet me to the punch for the local orders. I have done a few of their rural orders and have been paid well. I just did one that was about and hour and 10 minutes from my office for $150. I felt fairly confident that I could request a higher fee because I noticed the order earlier in the week and it came back at the end of the week un-fulfilled. I requested the $150 and got it. I also get a lot of rural work from LSI or BlackKnight and can negotiate decent fees with them.
much of the work I get are the rural locations where no one wants to do them so I can negotiate a higher fee. just negotiated one with Altisource for $130 and can often get them for over $100.
I am right there with you Colleen, I generally do the rural ones and name my price. Its kind of nice, if I don't get it I go about my day, if they do approve the increased fee, I feel I am being justly compensated.
I have had some issues with RRReview and they bumped me off. Maybe management has changed. either way I am busy enough with what I have. Not sure who is hot. Hud and Freddie are not hot, brokers are complaining that their numbers are way down and I see this as the way of the future. Fannie is also down. less government backed loans. more conventional. I like Select Portfolio, Bayview, BMO Harris Bank. more conventional reo and lots of different companies.
Silverlink is a good company but when they purchased LPS their Smart Form use to pay $48 and there other forms paid $38. Now Servicelink wants to pay $35 for interiors and $30 for drive bys. They said they have agents waiting in line to do these BPO's at these prices. The most I can get out of them is $38 for drive bys and I have not had any interiors. Landsafe has a Tier level and are very tough on valuations and I have been lowered to the lowest Tier level which is a 4 cause they did not like some of my reports and I did rebuttals on them and they still knocked me down and would not hardly even listen to anything I had to say. If you get a bad mark it stays on your accout for a year. RRRiewview put eight reports on my email the other day but before I could even open them they were gone. I do not have auto accept as obvisously some agents do. Same with Altisource heavy on the auto accept. I need to have a good new BPO company
Try some property inspection companies. southwest, data quick and collateral intelligence. also sand castle for field visits and some exteriors. Landsafe puts everyone on tier 4. I do know that if you have someone in Landsafe who likes you they can solicit you for additional reports. You can also increase your fee with LSI/Service Link. I do not do BPOs for less than $50 for an exterior and between $60 and $75 for an interior or more depending on location.
Replies
I haven't done many for RRR, someone always seems to beet me to the punch for the local orders. I have done a few of their rural orders and have been paid well. I just did one that was about and hour and 10 minutes from my office for $150. I felt fairly confident that I could request a higher fee because I noticed the order earlier in the week and it came back at the end of the week un-fulfilled. I requested the $150 and got it. I also get a lot of rural work from LSI or BlackKnight and can negotiate decent fees with them.
much of the work I get are the rural locations where no one wants to do them so I can negotiate a higher fee. just negotiated one with Altisource for $130 and can often get them for over $100.
I am right there with you Colleen, I generally do the rural ones and name my price. Its kind of nice, if I don't get it I go about my day, if they do approve the increased fee, I feel I am being justly compensated.
try single source, altisource, Service link, you can also negotiate. I just got one in for $130 for Altisource.
I have had some issues with RRReview and they bumped me off. Maybe management has changed. either way I am busy enough with what I have. Not sure who is hot. Hud and Freddie are not hot, brokers are complaining that their numbers are way down and I see this as the way of the future. Fannie is also down. less government backed loans. more conventional. I like Select Portfolio, Bayview, BMO Harris Bank. more conventional reo and lots of different companies.
AIM Your Way changes the terms after service is provided and then doesn't pay.
Thanks Carl! I was just about to sign up with Aim Your Way.
never worked for them..... so many companies. good to know though, thanks!
Silverlink is a good company but when they purchased LPS their Smart Form use to pay $48 and there other forms paid $38. Now Servicelink wants to pay $35 for interiors and $30 for drive bys. They said they have agents waiting in line to do these BPO's at these prices. The most I can get out of them is $38 for drive bys and I have not had any interiors. Landsafe has a Tier level and are very tough on valuations and I have been lowered to the lowest Tier level which is a 4 cause they did not like some of my reports and I did rebuttals on them and they still knocked me down and would not hardly even listen to anything I had to say. If you get a bad mark it stays on your accout for a year. RRRiewview put eight reports on my email the other day but before I could even open them they were gone. I do not have auto accept as obvisously some agents do. Same with Altisource heavy on the auto accept. I need to have a good new BPO company
Try some property inspection companies. southwest, data quick and collateral intelligence. also sand castle for field visits and some exteriors. Landsafe puts everyone on tier 4. I do know that if you have someone in Landsafe who likes you they can solicit you for additional reports. You can also increase your fee with LSI/Service Link. I do not do BPOs for less than $50 for an exterior and between $60 and $75 for an interior or more depending on location.
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