I have read many blogs addressing complaints about BPO companies; BPO companies that don't pay, BPO companies and their low fees, etc but I don't think I have read one about corrections. I really think we should all share our "corrections experiences" simply because corrections are the spice to this stressful BPO business, don't you agree? Corrections make us cry, scream, curse and very often LAUGH.
I will begin by sharing my latest funniest experience and will post some more along the way:
On aerial view I can see that there is a detached structure on the rear east side of the subject. Can you determine what the structure is, check aerial view on all comparables and make the appropriate adjustments?
Really?
Comments
Ms Diaz,
Mainstreet-Is that right? I have a cardboard in my car and write the address. I tried to get my wife holding the sign while I take the photo of her hand. She says it was the stupidest thing that could humiliate our our profession.It drew curious people asking if we were making a movie of some kind!
In our area quite a few realtors are lawyers as well. I guess the requirement caught fire.
I find those corrections quite funny as well...they ask you about pride of ownership or crime, low, medium or high...how is that any different?
Just got a new one on corrections. This property is located in an older, rather run down part of town. I described the homes as some showing deferred maintenance and some showing few signs of deferred maintenance. The property has also been impacted with REO's and I mentioned the pricing impact in my comments. They also want me to remove a comment on the homes in the area being priced at the lower end of the market.
They want me to remove these statements as they feel they could be considered suggestive as far as Fair housing.Do any of you find these remarks questionable as to fair housing? I have a call in to them to find out how they want me to describe a run down neighborhood that sells at the bottom of our market.
I would love for you to start a blog Lavina, I need someone to get Asset Managers from other Chase outsourcers, other than REOWorld to consider me for listings.
Maybe someone needs to start a blog on getting the REO listings. Like Sandy I have worked with them a long time and kind of fell into them. Don't have a team, but keep plenty busy. I am sure there are some good ideas out there for getting into the mix.
Sharon, we love you and know how upset you are about IAS but remember comments should stick to the threat, this one is about corrections, how some corrections have made you laugh, burst in anger, senseless corrections, etc.
I have never paid for an REO listing. I'm a Freddie Mac agent and that experience has helped me to get listings with a variety of other clients. At one time 90 % of my REO work was FM but now in the last 2 years it is about 50% FM and 50% other. I really am lucky in regards to how I got my start. We have 3 offices one in a rural area with very little competition. One day while in the office a FM rep called looking for someone to list a house in a remote area. I agreed, they put me through a whirlwind of training and within 4 weeks I had 15 listings.I now have a foreclosure team and for the last 5 years we have continued to grow. We now cover 4 counties (3 of which are rural) for various clients. The only advice I have is promote yourself on every online platform you can find and when you get an REO listing study everything they send you and follow their guidelines to a 'T'. I get a lot of repeat business because they are pleased with our work and response time.
Sandi, how does one get more REO listings? In 6 years with IAS, they threw me only 6 and I sold all of them except one myself. I did apply with HUD, but haven't heard back. It seems in our area the same agents over and over get all those types of listings. I've been licensed in MO since 1981, so it's not like I don't have enough experience. One company says if you pay $600 every 6 months you get on a preferred list for listings. That's a lot of money to gamble if you are going to get them. Do all the REO listings companies charge?
Core Logic calls me, usually an East Indian accent asking me to do BPOs that are not even in my MLS so comps would be difficult. I've done others for them and they pay ok, but even with my service area listed, they call with these far out properties impossible to do. I don't. I had a property that had burned in town and I had done some preliminary work on it, but when I got there and found it was burned to the ground, did a lot of checking with the assessor's office because IAS didn't believe it had burned and they wanted more and more info and even after all that, wouldn't even pay me for gas.
I just finish 2 BPOs for Mainstreet, tell me about their tedious QC at the end of the report? If they ask you to provide comments on the report, then why ask again?
BTW Sam, I read your comment on another blog about MainStreet photo requirement holding the pad while taking the photo, that was the FUNNIEST thing any company has ever done!!! We rolled on the floor laughing that day. Thank God they removed it, I guess complaints were way too many.
Sandi, I feel bad for that Borrower, why would they send you there??
Going back to the agents you should see some of the contracts I receive even when I have taken the time to provide them with detailed information...
-
1
-
2
-
3
-
4
of 4 Next