bpo (96)

Fellow REOPros.  If you complete BPOs, I offer a way to calculate what your minimum fee should be instead of just taking low ball offers for your hardwork.  Here is the spreadsheet I use below.  This is for residential properties only.  I have attached the spreadsheet to this post.  Download it if you like.  And if the spreadsheet comes out less than $50.  I use $50 as my rate for exterior drive by.  For interiors my minimum is $75.  Thanks.

1)  Open a spreadsheet.

2)  In cell A1, type in Minimum hourly rate, in cell C1, place your minimum hourly rate, say $25 or $30 or whatever rate use so choose.

3)  Now take the address of the offered BPO location and go to Google Maps and look up the distance and time from your base location(Office, Home).  Write them down.

4)  In cell A2, type in Travel time, enter the travel time from Google Maps cell B2.

5)  In cell A3, type in Round trip, enter the number 2 in cell B3.

6)  In cell A4, type in Total travel time, enter the following formula in B4.  Formula  =B2*B3

7)  In cell A5, type in Desk time, in B5 enter (with 2 decimal places, x.xx), Say for this example this is 1.25.

8)  In cell A6, type in Total BPO time, in C6, put the following formula, Formula =B4+B5

9)  In cell A7, Dollars for travel time and desk time, In cell C7 put the following formula,     

Formula =C1+C6

10) In cell A8, type Mileage from Google Maps, enter travel distance from Google Maps in cell B8.

11)  In cell A9, type in Round trip, enter the number 2 in B9

12)  In cell A10, type in Total mileage roundtrip, enter the following formula in B10, Formula =B8*B9.

13)  In cell A11, type in IRS current mileage rate, in B11 enter the current rate, 2017 rate is 0.535

14) In cell A12, type in Total mileage dollars, in cell B11 enter the following formula, Formula =B10*B11

15) In cell A13, type in BPO compensation, in cell C13 enter the following formula, Formula =C7+C12

BPO%20Compensation%20Calculator.xlsx

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BPOA LogoThe Leader in BPO Automation
Software Since 2009 

HUGE News About Our New BPO AutoFill Software!!!!!!!

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We are a technology company that strives to be on the cutting-edge of all that we do and with the products that we offer. Since we invented BPO AutoFill software in 2009, we have learned a whole heck of a lot about our business, our subscribers needs, changes in the industy and have taken it all to heart.

We are SUPER proud to announce that we are starting to work on a new version of our BPO AutoFill software product. Although, we officially start work on October, 2nd 2017, this project is something that I have been working towards for years.

We anticipate releasing it very soon as we are currently in beta testing of the new, improved BPO AutoFill software and can't wait to see this dream come true!

More news to follow and we can't tell you all of the exact details just yet but know that this is going to be HUGE!!!!!!

Sincerely,

Nicole Ocean

  

BPO AUTOMATION GROUP-CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

  

 BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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 All Rights Reserved, BPO Automation Group LLC, © 2009-2018

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Secrets to Real Estate Success for Newbies

Secrets to Real Estate Success for Newbies

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Getting started in real estate can be tough is almost like trying to learn a brand, new game. It comes with its very own set of special rules, laws, systems, standards and guidelines that you must learn. While you are trying to become more competitive in an already over-saturated field where everyone knows someone who is a real estate agent or broker, you must be able to figure out a way to hustle and be different than your competition.

As you try to balance your new career and all the responsibilities that come with us, the real test of success is seeing if you can really juggle everything in the air at once, keep it moving smoothly so you don’t drop any balls and come out making enough money to maintain the lifestyle that you desire.

All of this is possible and I know because I’ve “been there, done that” myself. I’ve been a new real estate agent and quickly learned how to carve out a niche for myself so that I could not only stay in real estate and keep practicing it but also to see to it that I was thriving in my career. The same is possible for you, even though nothing is promised to you, you have the same opportunities to succeed as everyone else, IF you are willing to work for it, learn how to play the game and keep up with your duties on a daily basis.

For me, I found out about a way to make supplemental my income by doing CMA types of reports for banks called, broker price opinions. It saved me in more ways than one, in fact it helped pull me out of poverty as a single Mom to a young, bright-eyed and very loveable boy. And I’ve never looked back!

I’m very vocal about the BPO industry and I’m in love with it. I live to help real estate professionals around this great nation of ours that want to also carve out a niche for themselves in their real estate business by doing BPO’s. I also live for coaching and teaching, it’s what makes me happiest at my core on a professional level.

If you are curious to learn more about anything related to BPO’s, I’d love to be your guide, your coach and hopefully someone that you look up to.

Learn more about my newly updated “Broker Price Opinion Basics 101” video course here:

http://bpo-university.com/courses.html

If you already know the basics about BPO’s then I’d like to invite you to learn more about how to double and triple your BPO income by using BPO AutoFill software here:

http://bpo-automation.com

Your BPO Coach,

Nicole Ocean

  

BPO AUTOMATION GROUP-CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

  

 BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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Bonjour,

  We all feel the pain as do appraisers, so if you did BPOs for Wells between 2005-2010 those BPO companies were cleaning up while we were getting peanuts. Take a minute to view these guys adding humor to current issues. http://thenationalrealestatepost.com/another-50mm-from-wells-for-overcharged-bpos/

While I am on a rant, AMC- appraiser clearing houses where appraisers have to pay the middle man for their appraisals, in my neck of the woods a SFR appraisals are $450-500, those AMCs take around $125, in the video link above these guys talk about.

  In a nut shell New York Governor Cuomo in my eyes is behind the AMC mess http://mandelman.ml-implode.com/2009/08/cuomo%E2%80%99s-crossing-an-outsider%E2%80%99s-appraisal-of-the-new-hvcc-rules/

Also remember Dodd- Frank not the bill , a.k.a. Chris and Bernie were on the Senate finance committee 2000-2007, these are the guys that started this mess along with Graham -leach bill of 99'.  We do need more reform removing the finders/referral co, all these banks have to do is set-up web-portal date entry site, agents get on the approved list, code the fields like we do now on quality and condition may be other fields, less people involve, more efficient. 

Very likely these finders might be editing our BPO's after we submit too? Is that right, how do we know?

Where is the fine money?  Govt has received in excess of billions from these financial institutions.

 Summary can we collect on that 50 million if we did BPOs for Wells? Class action suit?

Thoughts!!

Happy Selling,

Paul 

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In Florida, We're Having a Heat Wave This Winter At The Beach!

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Agent Testimonials

”I have been using BPOA for a few years now and couldn't be happier with the programs available from this great company. I use the AutoFill software for my business. I am able to be much more efficient and provide a much better price opinion to the companies I do work for.

Customer service is great at BPOA. The Tech staff stays on top of any changes that might occur with the various companies they support. Nicole and the gang are constantly improving and modifying the products they offer. From the owners on down, this is a great company to do business with.....“ - Mr. Robert Ceballos, Home Team Realty, Houston, TX

 

”I have been working with Nicole Ocean at BPO Automation Group for several years now and have enjoyed great success in using the automation software in my BPO business. Nicole stays on top of changes in the industry and has done an excellent job of adapting the BPO AutoFill software as needed to stay current and relevant.

In addition, the company Tech Support system is easy-to-use and staff responds in a timely manner to provide resolution to software issues and answer questions. The software is easy-to-use and the Group website (Member's site) is stable and secure and has rarely been offline in the past several years.....“ - Mr. Dana Yarbrough, Value Realty, Cordova, TN

Have Questions, Reach Us At: 360-223-2482 ext. 1

 

BPO AUTOMATION GROUP- CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

 

 BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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Special Video Announcement12/14/2016

 

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 Doing Your Fannie Mae and/or Equator Orders By Hand?

There is a Better Way With AMNForms and Our 90% BPO AutoFill Software!

Watch our video announcement 

We've found the perfect way to help you automate filling in 90% of your Fannie Mae AMN BPO orders as well as Equator's BPO and MMR orders,  letting you complete data-entry in as little as 5-minutes.

 

Subscribe to our Enhanced Plus iMacros 10 product and Get 30% OFF for 1 Month*

*Click on the button below and use the coupon code: SAVE30

SubscribeToday

 

P.S. When you choose to subscribe to one of our Enhanced Plus AutoFill software products, you will get 30% off of your total subscription price for 1 month (Max Value: $82.80) Other one-time fees may apply. For full offer details please call us (Offer Expires Dec. 31st, 2016). You will also need a seperate subscription to AMNForms.com to automate Fannie Mae AMN HECM forms and Equator forms.
 
Please call us with any questions you may have at: 360-223-2482 ext. 1 

  

BPO AUTOMATION GROUP- CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

 

BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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Special BPO AutoFill Software Offer09/29/2016

 

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Are Your BPO Orders Scaring You?

Bite Back With Our Improved BPO AutoFill Software!


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We want to give you an opportunity to enjoy to our Improved Enhanced Plus form-completion software that fills in 90% of your BPO and REO forms automatically, letting you complete data-entry in as little as 5-minutes.

 

Subscribe to Any Enhanced Plus Products and Get 50% OFF for 1 Month*

*Click on the button below and use the coupon code: BITEBACK

Resubscribe Today

 

P.S. When you choose to subscribe to one of our Enhanced Plus AutoFill software products, you will get 50% off of your total subscription price for 1 month (Max Value: $99.50) Other one-time fees may apply. For full offer details please call us (Offer Expires Oct. 31st, 2016)
 
Please call us with any questions you may have at: 360-223-2482 ext. 1 

 


Warmly,

Nicole Ocean

Founder/COO

BPO Automation Group LLC

  

BPO AUTOMATION GROUP-CLEARLY THE LEADER IN THE BPO SOFTWARE INDUSTRY!

Finish Your BPO Orders Faster With The Industry Leader Since 2009.

  

 BPO Automation Group

Phone: (360) 223-2482
E-mail: sales@bpo-automation.com
495 Grand Boulevard Suite #206

Miramar Beach, FL 32550
www.bpo-automation.com

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 All Rights Reserved, BPO Automation Group LLC, © 2009-2016

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BPO Tools & Automation

Hi everyone,

BPO Labeler is a windows tool I developed to easily and quickly rename photos just by dragging each photo to the corresponding field names - the photo would be renamed and copied to the destination folder that was originally specified. 

You can also access the Price Opinion calculator by clicking on the "Tools" in the toolbar of the application. The price opinion calculator was originally designed for BPO Fulfillment platform but it should work for others as well and I plan on enhancing it upon request since i'm limited which platforms I can use/see.

I would like to know what other tools are currently being used in the BPO business thats makes life easier. If you would like to test BPO Labeler out, you may download it it from the post or contact me. It's free.

BPO Labeler original download link post

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BPO Hacks

I have been a huge fan of the site for a while and I have read many of the blogs. However, I don't recall any blogs related to the day to day management of BPO's. I would like to compile a list of BPO hacks (simular to life hacks for BPO agents).  Please share YOUR strategies or techniques adopted in order to manage your time and daily activities in a more efficient way, as a BPO agent.  

For example:  

1. What are the best camera brands and models to use? and Why

2. How to handle unexpected occupants?

3. The Best way to handle subject information while licensed in a "non-disclosure" state.

4. The easiest way to keep track of order payments.

5. Best and Worst times to take drive-by or interior photos.

6. Best and most economical data entry technique/software.

7. Best and worst BPO business practices.

8. Best way to build a BPO staff.

9. Best ways to handle BPO quality issues

10. Share your hacks/ideas/questions...........

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Industry Announcement • January 27, 2016
Learn More About BPOA

 

 BPOA LogoThe Leader in BPO Automation
Software Since 2009 

 Are You Working For The Companies That Matter?

Since 2009, my team and I have been very fortunate to have worked with thousands of BPO & REO professionals all over this great nation. During these last 7 years that my software company has existed, I try to do a special blog posting once a year, where I give my top 10 favorite BPO mills or companies that I recommend that people sign up with to do BPO work.

Below you will find a list of my absolute favorite companies. Know that I am using my own industry experience as well as that of many of our software subscribers.

Nicole Ocean, Founder of BPOA

Here is my Top 10:

1. Altisource

2. Proteck

3. RRR

4. Clear Capital

5. eMortgage Logic

6. BPO Fulfillment

7. Servicelink

8. Specialized Asset Management

9. Solutionstar

10. SWBC (fka: Equi-Trax)

 

Bonus: Honorable mention goes to: Single Source Property Solutions

Top BPO Portals: Res.net and Equator

 

There you go! Please note, I choose the above companies because they all have a combination of being:

  • A stable company
  • Around and in business for years
  • Able to maintain a positive reputation in the industry overall
  • Having a high volume of BPO work across the nation
  • Smart enough to have adopted the NABPOP's BPOSG
  • Seen in the industry as a good company to work for.

To wrap this up, I can guarantee that if you are signed up, with more than one of the above companies (and don't have all your "BPO eggs" in just one basket, you are more likely to be successful in this niche business)

Not Signed Up With All of the Above Companies Yet?

We've made it easy to sign up with the companies listed above in our FREE BPO Companies Directory. Click here to go there now!

I hope you enjoyed reading this posting and if you have any questions, I'd be more than happy to help. Simply post a comment below!

Warmly,

Nicole Ocean,
Founder & Owner
BPO Automation Group LLC

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 All Rights Reserved, BPO Automation Group LLC, © 2009-2016

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New BPO Automation Forms & Features
 

This is Nicole Ocean, with BPO Automation Group!

I'd like to take just a few minutes of your time to tell you about new stuff that we've been doing. Just in case you haven't heard.....my development team and I have been busy brewing up lots of tasty, new BPO automation concoctions in the last few months.

 Call us to learn more at: 360-223-2482 ext. 1

We now offer our '5-Minute AutoFill' solutions for:

Call us today at: (360) 223-2482 ext. 2 to talk with my support team learn more about our newer add-on products, or click here to schedule your setup session right now!

Nicole Ocean

Founder & Owner

BPO Automation Group LLC

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Once one business cuts its cost to win the contract for nationwide coverage of BPOs and then reduce the price paid to Real Estate agents, we (as Independent Contractors) suffer from the reduced fee structure.  Surely other firms will quickly pick up on the idea and say hey why pay more when we can get them for less. Then the pricing wars begin and from there its a "Downward Spiral" very similar to a toilet flushing.

As this race to the bottom accelerates, You'll have fewer and fewer alternatives unless of course at some point you want to work for nothing.

At least ponder this idea before you accept the next Low Fee BPO,  Please don't take part in the "Race to the Bottom"

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How to get more BPOs the Pam'sVAS way

Part  1 of a series 

Let’s be honest, how many of us can say that when handed a Real Estate manual, we jump for joy at the thought of having to actually read it –much less understand and retain what we’ve read? “Fifty pages on how to properly complete a real estate BPO . . I’ll just wing it.” Chances are we either end up skimming over the literature while thinking of all the other things we could be doing or we “shelf it” it and scram to find it when a situation arises. If you want to increase the size your wallet, then you need to increase your attention span –and that’s just the ugly truth! So, without further a due, let’s move on to the promised resolve. I am confident I can hold your attention; after all, it is Pam’s Way!

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“How can I get more BPOs?” Oh Boy, have I not been asked this question countless times! While I do have 25 years of Real Estate experience under my belt, my answer has remained the same from the get-go. Adhere to the companies guidelines -literally to the “Tee”. Yes, it’s really that simple. The guidelines are there for a reason; they spell out what each company wants and expects from you. “But Pam, why are they only assigning me rural BPOs? ‘The properties are so far apart that the fee barely covers my expenses.’ ” Well you see, the competition between agents for BPOs is pretty cutthroatThose who adhere to the company’s standards and guidelines are, in essence, giving the companies what they want; in turn, those agents get what they want. As for the slackers . . well, they get what the “model agents” don’t want.

Mastering the Art of Taking Clear & Usable BPO Photos

It always amazes me when I stumble upon botched BPO photos. You would think that with today’s technology as well as with the growing popularity of social media, one would be capable of delivering “clear and usable” photos. Still, a fair amount of agents submit less than satisfactory photos. So, what deems a photo satisfactory? Well, let’s take a look.

So, you’re browsing through the MLS search results…trying to find those perfect comps, when you stumble across a listing whose photo features the picture taker’s driver’s side wing mirror. Would you pause and question the use of the photo or would you continue on without even noticing? If you were a reviewer of a BPO whose subject photo featured the picture taker’s rear view mirror, hood, dirty windshield etc . . Would you think, “Wow, this person has really gone above and beyond our expectations! They are definitely someone I should delegate more orders to!”? Feel free to use the following photos as a reference.

Recap:
BPO Photos should NOT feature the following:
• Your limbs and/or extremities
• Any part of your vehicle
• Mirror Reflections
• Front yard BBQs
• A moonlit subject property
• Subject property in motion
• The mail service/carriers
• Pets/Animals
• Family pictures
• Billy’s “not-so-secret” magazine collection
• Timmy’s nasty addiction
(You get the idea)

Remember, this is your profession; not Instagram, where you gain likes for uploading photos worthy of “#photobomb”.  Get yourself together. If you want to receive more BPOs, then give the companies a reason to assign you more.

I know . . time is money. You may think 1 botched batch of photos out of 5 isn’t all that bad. After all, you managed to make it to all five properties in one day; you’ve even made it home in enough time to complete data entry and submit the orders before dinner! Either you’ll luck out and they’ll let the photos slide or they’ll make you collect new photos. Regardless of the outcome, submitting botched BPO photos will definitely cost you money in the long run -so take your time!

The agents who invest their time into providing quality service are the agents who receive the highest amount of BPOs; leaving those who compromise on quality in turn for getting the job done quickly, their leftovers. Apart from receiving a higher volume of BPOs, the model agents are also more likely to win the listings. I mean, come on, if you can’t take a picture properly (even after having been provided instructions), then one can only imagine what your completed transaction documents would look like.

So, I conclude the first part of my planned series with the following words of wisdom…

“Practice doesn’t make perfect. Practice makes permanent. Perfect practice makes perfect. So, every time you repeat an action, right or wrong, you will find it easier to repeat that same action, right or wrong. Develop a passion for obtaining your goals. If you do, you will never cease to grow.”

When one is truly passionate about something, it increases ones chance of success. Passion is what pushes one to give more than 100% of oneself, instead of simply putting forth the bare minimum.

Check out our full Blog HERE

Don’t forget to add us to your Social Media pages for more good reads!

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Continuing Education Classes start as low as $29.95 for 3 hours of continuing education credit. Some classes we offer are BPO Simplified, and REO Simplified. If you need CE credit for your license, why not get it through us? To learn more, visit REOPro's Continuing Education tab and follow the directions.

Visit REOPro Default Professionals at: http://reopro.ning.com/?xg_source=msg_mes_network

Posted by: James A.Browning, Course developer and creator for BPO and REO Simplified.

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National Mortgage News

SEP 30, 2014 12:01pm ET - Lynn Effinger
Lynn Effinger wrote this article for National Mortgage News.

I recently had the pleasure of serving as one of the expert panelists at the Five Star Conference & Expo held at the Hilton Anatole Hotel in Dallas.

This particular panel was part of The Five Star REO Lab, and was titled, "Adjusting for Inventory." and focused on the need for real estate brokers and agents to diversify their service offerings by including retail sales, property management, valuations and other services, since REO inventories have decreased noticeably in most markets.

While it is true that REO inventories are declining in most markets across the country, I offered the argument on the panel as I do here that brokers and agents who have specialized in or at least have participated heavily in the REO market should remain plugged into that space.

This is because the so-called housing recovery has been artificially created in large measure by government intervention with programs such as HAMP, HAFA, foreclosure moratoria due to robo-signing, and other key factors.

We are not headed for another housing downturn as much as we are still in the major one caused by the housing bubble that burst in 2007-08. Affordability issues, looming interest rate hikes as have been predicted by Federal Reserve Chairman Janet Yellen, too many FHA loans being made (this is the "new" subprime market), federal emphasis being placed on low-income borrowers, and other factors are causing house prices to decline once again in many markets.

In addition, many of the foreclosures that had been stalled in California after the passing of the Homeowners Bill of Rights so that everyone involved could clearly understand its impact are now being flushed out of their system.

This is also true in judicial foreclosure states where there had been significant backlogs in the court systems. Most of these foreclosures will go all the way through the process to become REO properties.

Because I believe a further downturn is inevitable, mostly due to too many people having short memories, REO professionals need to be on top of their game to be ready for another wave — certainly not a tsunami, but a wave nonetheless.

At one point during the discussion it was argued that the federal government plays a vital role in resolving issues surrounding the economy in general and the housing market in particular.

I countered that the true role of government is to protect the citizens of the United States, to legislate and provide oversight, but they should stay out of the way of the private sector, because they are the ones with the experience and knowledge to resolve the housing crisis.

It has been my view since the early days of the financial meltdown and the ensuing housing crash that had the government stood back and allowed the private sector to develop ways to resolve these issues it would have been quite painful to be certain, but the recession would not have lasted so long.

Nor would this obscene debacle have been so devastating for so many individuals and families due to related loss of income and jobs.

And while the second-quarter GDP estimate of 4.6% reported today by the Bureau of Economic Analysis appears to reflect an improving economic environment, one quarter’s numbers does not a trend make.

There are still enough indicators out there that suggest another round of foreclosures is near. That was certainly reflected by yours truly and other panelists at this conference.

Throughout the panel discussion it was agreed that new and improved technology will make it easier for agents and brokers to diversify their service lines. Investment in technology efficiencies is as important as ever in this transitioning new climate, whatever service lines are pursued by each individual.

Lynn Effinger is a veteran of more than three decades in the housing and mortgage servicing industries. He currently serves as executive vice president of ZVN Properties Inc.

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Submitting your Broker Price Opinion two hours before the 24, 48, or 72 deadline is very important!! The reason: if the BPO Company/Outsourcer has Quality Control Department has issues with your BPO for accuracy, distances from the subject or whatever the reason may be. If you submit your BPO early, this will give you time to fix any issues and then send it back before the BPO Company flags you for being late!!

 

REOCertified @ www.BrowningRealEstateSchool.com

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Many real estate agents that provide BPOs know what is entailed in the process. Many BPO agents enjoy doing BPOs and many that don’t necessarily enjoy them, but feel that it is necessary to supplement their Real Estate business and to develop relationships in the industry.

 

There are even companies that seem to offer BPO education, certification and lists of companies looking for BPO agents. Do these companies provide value for agents? Are their “Membership Fees” worth it? Have you had a good experience with such companies?

 

Here is a list we found that covers many of the different tasks when processing a BPO.

 

• BPO Preparation

• Review BPO Order

• Gather Information & Property Inspection

• Market evaluation

• Distressed Properties

• Accessing Public Records

• Contact Property Owner

• BPO Photos

• Neighborhood Inspection

• Exterior Property Inspection

• Interior Inspection

• Gross Living Area

• Room Count & GLA

• Rating a Property & Amenities

• House Types & Photo Examples

• House Styles & Photo Examples

• Roof Types & Photo Examples

• Comparables

• Comparable Standards and Guidelines

• MLS Searchs

• Adjustments

• Adjust Features

• Time Adjustments – How to appreciate and depreciate

• Determine Feature Value & Paired Sales Analysis

• Determine Appreciation or Depreciation rate

• Application of Appreciation or Depreciation rate

• Superior, Inferior & Equal Comps

• Pricing & Submissions

• Final Property Price

• Reconciliation Process

• Land Value

• BPO Form Common Fields

• Property & Amenity Rating

• Sources of Information

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Of course there are many different lists out there, and depending on the experience of different BPO agents, this list could be accurate or even lack other steps necessary. Let us know if you feel there are other steps worth mentioning.

PamsVAS

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This is a new LOW from Pro Teck

I received this request today from Pro Teck:

A MORTGAGE INSPECTION request is waiting for you at Pro Teck

Fees collected by Vendor: $10.00

Services Requested:
- AVM Value Focus
- Photo of house # (located on house, curb, mailbox etc) to verify correct property
- Photo of the road in front of the property
- Photo of the subject from the front

Please provide commentary on subject condition. 
Please provide commentary on subject location highlighting any positive or negative features.
Please provide commentary on local market area (stable, increasing, decreasing, presence of distressed properties, etc.)
 A clear photo of the house is required, if you are unable to provide a clear photo (gated community, long driveway, etc.) please contact your vendor manager immediately for instructions on how to proceed.
 Clear address verification is also required, if subject does not have house number please provide alternative form of verification for client to verify that the correct house was photographed.
  If the subject address differs from that provided on order please contact vendor manager, address must be exact (including abbreviations such as "N" or "S" or "St" vs. "Ln" for example).
 APN (if provided above) must also match exactly, if the APN is discovered to be different please contact vendor manager.
 In the General comments section, please indicate/comment on if the subject is detached or attached.

 

The kicker is that when I went on the web site to DECLINE it, someone already accepted it.

Agents/Brokers! You are doing this to yourself! Its a shame to be requesting a service like this for $10, but it is a greater shame to actually do the work for $10. If you have no value for your professional skills, knowledge, expertise, time - you have no business to be in this business. We spent thousands of dollars on education, memberships, licensing, and other business associated costs and to allow these companies to treat you like an unskilled laborer is disgusting.

 

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EXCITING NEWS!

BPO Automation Group, LLC has just completed the sale of its software, Order Central, to the firm of Order Capture, Inc. This change will result in the ability of each firm to focus solely on one product. For BPOA the sole product will be its very successful AutoFill software. For OCI, the sole focus will be on enhancing the capability of Order Central software by adding new tasks to its capture capability and improvements to the software itself. The staff of Order Capture, Inc. includes Steve Lorimer, BPOA's former part-owner/Sales Manager, and the original Order Central development team with some added members.

The pricing, cancellation and refund policies, along with the software tasks and most of its capabilities have not changed, thus the software you have experienced at BPOA will continue to reliably capture orders for you. But, you will need to sign up for your credit card billing at Order Capture.com and download the slightly revised software.

All BPOA customers, upon transition over to Order Capture, Inc. will continue with their pricing plan that has been in effect at BPOA. This pricing will continue at Order Capture, Inc. Moving over to Order Capture, Inc. from BPO Automation Group is easy and should only take a few minutes. You should do it as soon as possible to avoid future disruption of service. If you have any questions or concerns about this move, please don't hesitate to contact either Steve at: support@ordercapture.com or support@bpo-automation.com.

Here is how to enjoy a quick and easy transition to Order Capture, Inc:

1. Go to www.ordercapture.com and browse for awhile, then click on the ‘Start Today’ tab. When prompted for the license key that you have had assigned to you at the BPO Automation Group there are two choices:

   * Click on the ‘Key Look Up’ tab and enter your name and email address. This link will provide your license key quickly and easily so that it can be copy and pasted into the license key prompt.

   * You can go to the Settings tab within Order Central to see your license key. It is a long code that looks like ABCD-EFGH-IJKL-MNOP-QRST-UVWX-YZTA. This would have also been emailed to you when you first signed up for Order Central with BPO Automation Group.

2. Select whether you are primarily a BPO agent or appraiser and click Submit. You will be directed to a secure billing screen for entry of your credit card information. For security reasons, we are unable to transfer your credit card information automatically from BPO Automation to Order Capture, Inc.

3. Upon completion of the billing information, go back to the Start Today tab and click, DOWNLOAD. If you need any help installing Order Central 2.0, please refer to the Installation Guide at: http://ordercapture.com/support/installation-guide/. Follow the directions and your software will be downloaded quickly for your use.

4. Order Central for BPO Automation Group is in version 1.0. At Order Capture, Inc., we have updated Order Central to 2.0 and added some improvements that are mostly behind the scenes. To continue using Order Central, you must install Order Central 2.0. Your account at BPOA will be terminated on June 15th, so be sure to transition over prior to then. Your current version of Order Central will not automatically update to 2.0.

5. Again, if you need any help installing Order Central 2.0, please refer to the Installation Guide.

6. Once you've installed Order Central 2.0, the first time you run it, you will be asked to enter the email address you used to sign up and the password you entered.

7. You should now uninstall Order Central 1.0.

We have taken steps to insure that double billing will not occur during the switch-over from BPOA to OCI. If you see anything that appears incorrect on your next billing statements, please know that you will be issued a refund for any duplicate billings, if any, that are found.

You should find Order Central 2.0 to be very familiar and won't require any relearning. Most enhancements we've made are under the hood. We want to make sure current BPO Automation Group customers are able to transition smoothly before we introduce new features.

Thank you,

Nicole Ocean and Steve Lorimer

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Broker's Price Opinion is the way forward when hired sales agents use a method to calculate the selling price of a home that has been repossessed. One will usually find the need for a Broker's Price Opinion when a lender or a mortgage company thinks the expense of a property cannot be determined, therefore forcing the lender to order the BPO. It is the real estate broker that carries out the valuation.

The price that is determined from the BPO is issued in a report which can be a four or five page official document and includes key information such as:

• The neighborhood and property prices in the immediate ZIP code

• The price of similar properties in that neighborhood

• Regional market aspects

• Condition of the property

Sales trends are also taken into consideration and the BPO agent will also look at aspects like how much repair needs to be carried out on the property, whether the garden, fixtures, fittings and foundations are in disrepair and even crime figures which could lower the pricing opinion of the local area. 

A lender or a bank will hire an agent to carry out the BPO and there are a number of different reasons why they may order a BPO on a real estate property. These will include real estate owned properties where homes will have been repossessed following non-payment of monthly revenues, foreclosures, short sales, and sometimes just to double check a previous appraisal of a home's price.

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The estimated value of a property could be calculated by a real estate broker or a company that is certified to carry out a BPO. Another determining factor in BPOs is the cost it might take to get the home up to scratch and ready to sell on the normal market. A home that has been repossessed is more often than not in a state of disrepair, or it could have had the gas and electricity turned off. 

A home that has been through foreclosure may even require extensive work on the yard areas, plumbing, rewiring, fire or water damage, driveway repair or simply need modernization and redecoration carried out. These factors and costs are calculated in to the report by the real estate agent and then passed on to the financial institution, such as the bank, lending association or financial institution that has requested the BPO in the first place. 

If you are a Real Estate agent that specializes in processing BPOs, contact us about being your virtual assistant to help you process all your orders.

CONTACT US HERE for more information on helping you with your BPOs.

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