opinion (16)

Broker Price Opinion Needs

WePro BPO has been established as a Broker Price Opinion outsourcing company which caters all types of Residential and Commercial properties throughout United States.

Our company started as a small business partnership in 2008. 
With the perseverance, commitment and continuously delivering high quality reports of the people behind, the business started to grow and created a team of highly skilled real estate analyst who are best experienced in processing and formulating standard quality, error-free, quick turn around time and cost effective broker price opinions.

Please visit our website at https://weprobpo.com/

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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 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*

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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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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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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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iForm & iFill Automation - Turbo-BPO.com

Discover the newest form of BPO automation to hit the market. Turbo BPO is no longer just an outsourcing destination, we now empower agents to work on their own orders more efficiently.  This web software is built upon the trial and error of tens of thousands of outsourced orders to make the system as flexible, yet error free as humanly possible.  Our products take an innovative approach to form fill automation by recreating your MLS grid in our system, uploading your MLS data, automatically calculating nearly every possible data field to generate a "Data Driven BPO", and then transferring the final data into the valuation forms.  Theoretically you can complete up to 100% of a valuation form without even opening the company form, although you would still want to check the special instructions!  Invest less than 30 minutes seeing an iForm demo (25 Minutes) and iFill demo (2 Minutes) and this product may just change the whole way you've ever looked at completing a BPO more efficiently and more importantly, of quality.

-> WARNING: THIS CAN COMPLETE A BPO FROM COMP SELECTION TO SUBMIT IN UNDER 10 MINUTES

-> NO SETUP FEES

-> 25 FREE CREDITS

-> ABSOLUTELY RISK FREE

-> PAY AS YOU GO SERVICE @ ONLY $2.50/ORDER

What is the iForm?

- A one size fits all BPO form which automatically calculates nearly every possible data field.

https://www.youtube.com/watch?v=ymbLNziT1OE

What is iFill?

- A web browser extension which enables 100% data transfer from the iForm into valuation company forms.

Compatible Companies

BPO Fulfillment: https://www.youtube.com/watch?v=KWME37Q1pZU

Clear Capital: https://www.youtube.com/watch?v=lY0DMR7P8Hc

CoreLogic: https://www.youtube.com/watch?v=DCuKhEyGgIE

Emortgage: https://www.youtube.com/watch?v=gjYgv4MfCD0

Equi-Trax: https://www.youtube.com/watch?v=SSFz5YYKgAY

iMortgage: https://www.youtube.com/watch?v=G3FHDl2W5Do

LSI/ServiceLink: https://www.youtube.com/watch?v=r_TI6AKIZhI

Ocwen: https://www.youtube.com/watch?v=Pujy-Ql43_4

Old Republic: https://www.youtube.com/watch?v=MpysYnCH2T4

Proteck: https://www.youtube.com/watch?v=Fm3nukxRrCk

Realty Pilot: https://www.youtube.com/watch?v=IiAYmNbBJHE

Real Estate Review: https://www.youtube.com/watch?v=qRl4HKzfH3o

Single Source: https://www.youtube.com/watch?v=t8fXIl6CDX8

Solution Star: https://www.youtube.com/watch?v=_Dg2Zu_ncEE

Specialized Asset Management: https://www.youtube.com/watch?v=bNITNLNLqKk

Register a free account to get started immediately!

Regards,

John Gattinger

Turbo-BPO.com

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FOR IMMEDIATE RELEASE:

NAR Broker Price Opinion Resource BPOR

Michael Collins Earns NAR Broker Price Opinion Resource Certification

Sellers and Lenders Benefit from REALTOR® Expertise in Broker Price Opinions

Madison, WI — Michael Collins with Rock Realty has earned the nationally recognized Broker Price Opinion Resource certification. The National Association of REALTORS® offers the BPOR certification to REALTORS® as evaluating properties depends more than ever on professional expertise and competence, the best use of technology, and a commitment to approach the valuation assignment from all pertinent perspectives.

“As the real estate market evolves we are seeing more demand for broker price opinions, and it’s imperative that REALTORS® are knowledgeable and educated about how BPOs work, as well as the risks involved,” said NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami. “The BPO Resource certification not only adds value to the services provided by REALTORS®, but also it helps practitioners grow their business.”

“BPOs: The Agent’s Role in the Valuation Process” is the required one-day course that provides REALTORS® with knowledge and skills to reduce risk and increase opportunities to create professional and accurate BPOs. In addition to completing the course, participants are required to take a Webinar. Once awarded the certification, REALTORS® will be eligible to receive BPO orders as a preferred provider.

In addition to providing members with the opportunity for BPO business, BPO Resource will explore the multiple uses of BPOs, how they can and cannot be used, and how to filter and select comparables to create expert and precise BPOs. The certification also assists member in creating more comprehensive comparative market analyses for their customers’ listings.  For more information about the BPOR certification, visit www.BPOR.org.

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NAR BPOR Certificate

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BPO Automation Group

"REO's Have Slowed Down, I Neglected the BPO Side & Now It Feels Like I Am Starting Over!"

I decided to write a blog about this topic after talking with yet another Top Producing REO Listing agent today. In a nutshell, the above quote is what he told me and as such I wanted to share some insight into this phenomenon. I hope there is a gold nugget of wisdom buried within this blog!

I firmly believe that when people stumble upon a good thing, many times they tend to focus on just one specific item, instead of see the big picture. This is when it's common to see the little details that you overlooked come back and 'Bite You!' It's human nature, what can I say, I've been guilty of it too!

Because of the fact that almost everything in life is based on cycles, it's critical to understand how important the BPO and REO industry cycle works. I have seen it unfold firsthand these last 6 years in the business.

In the last 2-3 years specifically the industry has weeded through the masses of people doing BPO and REO work to find some truly exemplery real estate professionals that have worked their way up the ranks to stand tall above the rest. In essence, these folks have paid their dues!

Many BPO and REO professionals decided early which direction they wanted to take their businesses.

Some of the choices people had were to:

  • Focus strictly on gaining and servicing REO Listings and neglect going after BPO's
  • Try to do both BPO's and REO's
  • Only do BPO orders and turn down REO's

The real estate professionals that chose to focus their time and efforts only on the REO side at some point down the road realized that they should have also been doing paid BPO orders while servicing their REO listings. For some, they learned this INVALUABLE lesson too late and had to get out of the business.

You don't have to be in that same boat, it's not too late for many. With REO listing being down through the U.S. nationally, looking to paid BPO's as a profit center is still a viable option and one that many are still thriving in.

I would love to hear any comments, feedback or suggestions also everyone, feel free to share!

Sending my best,

Nicole Ocean
Founder | BPO Automation Group and BPO University
360-223-2482 ext. 5 | nicole@bpo-automation.com
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About BPO Automation: With thousands of clients nationwide, we're the #1 provider for BPO form-completion and automated order-acceptance software in the United States. Our focus is on quality solutions that save time, boost revenue, and let you focus on growing your business. Learn More »

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BPO AutomationBPO UniversityBPO Companies

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Buying a Wisconsin Short Sale


 

Tips for Buying Your First Mc Farland Wisconsin Short Sale

A short sale is a fairly simple procedure, at least in theory. A homeowner sells their home for a price below the current mortgage balance. The bank agrees to take this lesser amount as payment in full of the mortgage in order to avoid the heavy cost of a foreclosure. Here are some tips for buying your first short sale.

 

Short Sale prices are determined by the Market

Banks determine which offers to accept by reviewing the current market conditions. They will look at the prices of homes that have recently sold in the nearby area. This information will provide the lender with solid data for the average price of a home in that vicinity. How low will they go? This depends on how quickly they would like to sell the home. If they determine that they would prefer to sell the home now, and not proceed to foreclosure, they may agree to sell the home at below market value.

Ask your Realtor® for their Price Opinion

Before you submit a low-ball offer to the seller, ask your Realtor® for their price opinion. This is a good way for a prospective buyer to find an appropriate price range for an offer. Your agent can look at recently sold comparable homes and give an opinion on what they feel the home should sell for. This is similar to a Comparative Market Analysis, or CMA.

Multiple Mortgages Can Cause Problems

When a home has a 1st mortgage and 2nd mortgage that are held by separate lenders then a short sale could take a very long time, if it gets approved at all. Unfortunately, this type of scenario is out of the hands of the real estate agent and the seller. Whether or not the two lenders agree to the short sale offer is totally up to them.

Approved Prices are Usually Processed Faster

If a lender has already determined a price that they will accept, this can speed up the process. Usually, this is an indication that the seller has been in contact with the bank to discuss the possibility of selling the home. If an offer within that price range is submitted to the bank, the short sale is far more likely to be approved quickly.

Prepare for the Bank to say No

While short sales can help buyers get a home at a discounted price, the process can stretch out over time. The sale can get turned down by the bank for a number of reasons. This is why people looking to buy a short sale should be prepared to move on to a different property in the event that the bank denies the short sale. Keep an eye open at available homes during the short sale process. If the bank does say no, you will then have a list of potential houses that may also be an option.

While a short sale transaction may span a few months, it is a good way to buy a home at a friendly price. Talking to an experienced Realtor® about the available short sales in your area could put you in line to get a good home at a great price.

Buying a Short Sale - Original Post

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BPO Automation Group

  

Our BPO Company of the Month of August is....Ocwen/Altisource!

 

I woke up this morning and like most day's I start by opening up our Order Central AutoAccept software to check the Stats and see how the software is performing for our customers.

 

When I opened up the 'Statistics' tab this morning, I was SHOCKED! I learned that Ocwen/Altisource is on fire this morning! Our OC AutoAccept software already captured 176 out of 196 orders with this company alone and all before 8:30 am. Please see the image below!

 

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As I talk with BPO/REO agents and brokers all over the U.S each month many of them ask about Ocwen/Altisource and I tell them that this is the MOST successful company in our OC AutoAccept software. I try to let people know just how powerful our Stats are because if they use them they would see that Ocwen/Altisource drops the majority of their orders from 3 am to 8 am nationally.

Many of these same fine folks go on to get a good amount of orders with this company and with the other 15 companies that we offer. We are planning on adding 5 more companies to our software in the next month as well. I'll let you know the companies in my next blog posting.

In case you haven't heard, BPO Automation Group's Order Central auto-accept software has been producing record numbers of BPO orders for BPO & REO agents and brokers nationwide in the last 2+ years. We are one of the few remaining companies to provide real estate professionals with needed software to help in capturing more work as it is getting more and more difficult to receive BPO orders.

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Our network captured over 3,300 verified BPO orders just in the month of July. With faster performance, greater stability, and a ton of new features like address-mapping, remote account-access & detailed capture-logs, Order Central will take that to a whole new level. 

Feel free to give us a call with any questions,

Steve Lorimer

Sales Manager | BPO Automation Group
(360) 223-2482 ext 1 | sales@bpo-automation.com

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About BPO Automation: With thousands of clients nationwide, we're  the #1 provider for BPO form-completion and automated order-acceptance software in the United States. Our focus is on quality solutions that save time, boost revenue, and let you focus on growing your business. Learn More »

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BPO AutomationBPO University BPO Companies

 

BPO Automation Group LLC
PO Box 1325, Ferndale, WA 98248
Tel: (360) 223-2482 | E-mail: sales@bpo-automation.com

COPYRIGHT 2009-2011. BPO Automation Group LLC. ALL RIGHTS RESERVED.

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Hi everyone,

 

 This is Nicole Ocean of the BPO Automation Group. I, along with Tim Ventura started the BPO Automation Group in April of 2009. In case you aren't familiar with what we as a company do, let me mention quickly that we are the industry leaders in BPO automation software for BPO & REO professionals nationwide.

 

 After talking with Jesse Gonzalez, the founder of this wonderful forum a few weeks ago, he mentioned that it would be a good idea to touch bases with everyone and let you know more about where we as a company are going,etc.

 

 As 50/50 partners of the company, Tim and I have spent the last 2 years literally in the 'trenches' working side-by-side our clients. We listened to their needs, wants and desires and took all of their feedback and applied it enhancing and improving our products as much as possible.

 

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Everyone who has been involved with the BPO Automation Group has really poured so much of themselves into our cause these past few years, so you can imagine that as I write this, our company has come SOOO far in the past few years!

 

 After reaching a critical point both professionally and personally about one month ago, I purchased Tim's 50% share of the BPO Automation Group. It was a well thought out move and a difficult one to make and in the end it has proven to be a great decision for everyone involved, even for Tim himself. Like all good things in life changes is inevitable and I intend to do the best I possibly can with this change for the betterment of our clients, the industry at large and for everyone else that we effect by what we do.

 

 Tim helped our company in countless ways and we are an organization are forever indebted to him, his efforts and his dedication. Let me point out that BPO Automation Group is still in very good hands! I intend to make sure that BPOA continues to thrive, as well as evolve into an even better industry network and respected organization then it was under different management.

 

 BPO Automation Group is continuing in our mission of always moving forward despite internal changes of company ownership. In the last month our staff has been working diligently to make things even better than they were under different management while Tim was a part of the company.

 

 Here is a short list of priorities and things that clients and potential clients can expect to see from us as a company:

 

 * Increased levels of customer service (Example: Clients can now call our dedicated tech support line during business hours to receive help over the phone.)

 

*  AutoFill as a monthly subscription will soon be available for $59 for 2 users (or 2 computer setups with our AutoFill software) along with a $49.00 one-time MLS setup fee. Addt computer setups will be just $10 a piece per month.

 

* All monthly AutoFill clients will receive all of our Add-on products as well as many new ones like our free Excel-based 'BPO Payment Log.' (This is HUGE!!!)

 

* More Companies added to our popular 'Order Central' Auto Accept software.

 

* More Research and Development in all of the free resources we offer like our BPO Companies list.

 

I'd love to hear any feedback, comments or suggestions you'd like to see with our products too! Feel free to reply to this posting or reach out by emailing or calling me.

 

Here's to everyone's continued success for as long as we are able!

 

Warmly,

Nicole Ocean

Founder

BPO Automation Group

nicole@bpo-automation.com

360-223-2482 ext 2

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This year I have been completing numerous BPO's for homes in my area. BPO is an acronym for Broker Price Opinion.  Broker price opinions are a valuation service that real estate brokers can offer to banks.  Performing these BPO's has only strengthened my ability to properly assess how much a property/home is worth in today's market conditions.  Completing BPO's in local cities like Janesville, Milton, Beloit, Evansville, Elkorn and Madison has given me a unique view into the intricacies related to each market.  I also have a better understanding of how the banks determine their home values when it comes to short sales, pre-foreclosure decisions and REO properties.  The article below explains in greater detail what a broker price opinion is.

Regards,
Michael Collins - Broker
Short Sale & Foreclosure Resource

What is a Broker Price Opinion?

Broker Price OpinionWhen a bank or asset manager obtains a new foreclosed listing to sell, they immediately need to know the home's value. Typically a bank will assign one to three agents to evaluate the approximate selling value of a home. These banks expect each agent to submit three comparable sold listings and three comparable active listings as well as an estimate of what the agent thinks the home will sell for.

A Broker Price Opinion is not as detailed as an appraisal and does not entail as much work. BPOs differ from Appraisals in a number of ways:

  • Appraisals typically cost over $300. Most BPOs pay brokers between $50 and $100.
  • Appraisals require detailed square footage measurements. BPOs rely on county assessors' recorded measurements.
  • Appraisals use a standard format recognized and used by lenders and mortgage professionals for precise property valuations. BPO's are prepared in different formats and are used simply as decision making tools for asset managers of each bank.
  • Appraisals are typically 15-20 pages long with detailed information on each aspect of a property. BPO's are usually 2 pages long with information pertaining only to a final selling price.

 

Why Do Banks need Broker Price Opinions?

Asset managers and bank personnel make decisions on several properties every day. Reading through a lengthy 20 page appraisal and filtering out the critical information is a waste of their time. These asset managers need concise, financial documents that make their choices easier. That's why BPOs are so critical to their job. In addition, a BPO saves the bank over $200 per property compared with a standard appraisal. That money adds up quickly and saves the bank thousands and thousands of dollars a year.

Another reason BPOs are preferred by banks is that the turnaround time is much quicker than appraisals. BPOs can usually be performed by agents in under 48 hours. Many appraisers visit the property within 48 hours, but then require another day or two to process the information and create the full report.

Article Source: http://EzineArticles.com/1844386
Author: Brian Anthony

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If you are looking to purchase or sell a home in Rock, Dane or any of the surrounding counties in Wisconsin, please give me a call.  We are based in Janesville, but service Madison and many other surrounding Wisconsin cities.

Ask me about our 1% credit at closing for buyers.  That could mean $2,000 on a $200k home purchase!

Regards,
Michael Collins - SFR - Short Sale & Foreclosure Resource
(Broker, Realtor, Real Estate Agent)


Rock Realty
Rock Solid Real Estate Strategies
PO Box 2444
Janesville, WI 53547-2444
c: 608.921.8536
f: 877.774.7625
Mike@RockRealtyWI.com
http://www.rockrealtywi.com/

Follow us:
www.twitter.com/RockRealty
www.facebook.com/RockRealtyMike

Wisconsin Short Sales
Madison Wisconsin Short Sale Realtor®
Janesville Wisconsin Short Sale Realtor®
Beloit Wisconsin Short Sale Realtor®

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Hi there everybody,

As a certified real estate instructor that specializes strictly in broker price opinion education, I try to stay on top of industry trends. As such, I have been following a company for the last few months called, StreetLinks. They are a major AMC provider and soon to be provider of BPO orders nationwidear130704277945359.jpg.

I have had the great fortune of connecting with a fantastic representative from their company and have gain a lot of valuable information to help you guys save time and to assist you in being able to make an informed about if you should sign up with this company.

I would HIGHLY recommend taking the 15-20 minutes it takes to register to be a BPO agent or broker for them right away! And no I am not affiliated with them or getting paid by them to endorse their organization! It isn't every day that a new company pops up that is not only credible, but I think will quickly be a force to be reckoned with when compared to the top major BPO mills. From my research, Streetlinks should be able to offer decent volume across the U.S. right out of the gate, and if everything goes well I foresee that they will see huge growth in order volume because of having an already solid client base.

So, as BPO order volume is down across the nation, smart BPO agents and brokers branch out and sign up with more quality companies to increase their likelihood of receiving more work. Do yourself a favor and click on the link below to sign up with them, I strongly believe that you will thank me in a few months!

Today I spent about 15 minutes signing myself up at their website, here's a link for you to do the same: https://www.streetlinks.com/solutions/agents_brokers

Also, feel free to pass along this info to others in the business that you think will benefit from it!

Lastly, to wrap up this blog post I want to point out some important points of how this company operates, what you can expect from them and what requirements they have of their new BPO agents and brokers. Please take a few minutes to read through the short list below:

StreetLinks Price Opinion Panel members benefit from:

  • Rapid Payment - Payment direct deposited to your account with 72 hours of report completion
  • No Cost to You- No fees for signup, membership or marketing!
  • Fast Order Submission - Get a free and easy to use online account to complete and submit orders
  • Fair Order Assignment - Assignment based on proximity and your historical performance
  • Exemplary Support- Full support services and training from our BPO support team
  • NABPOP Membership Discount- Join NABPOP at a special discounted rate! StreetLinks offers preferred assignment status to NABPOP certified members.

(The above paragraph was taken from StreetLinks website. All Rights Reserved © 2011 StreetLinks LLC.)

Let me know if you have any questions too! Email me at: nicole@bpo-university.com

Warmly,

Nicole Ocean

Certified R.E. Instructor (WA State)

www.bpo-university.com

360-224-6988

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As you can imagine the answer to this question depends on who you talk to. For me, I have personally experienced doing BPO's in a rural setting and talked with numerous agents all over the U.S. who work in very urban settings.

My experience leads me to believe that doing BPO work in a rural setting is much more limiting. It is difficult to find comps that just aren't there, even after going out up to 10 miles from the subject property. If you go further than this than it is likely that your vendor rating goes down and your QC issues go up.

One thing that has really helped me was to not guess at what I was supposed to do or assume what I was expected to do when given a challenging rural BPO. Instead, I had absolutely no hesitation in calling up the company that gave me the BPO order. I'd ask for their advise and guidance on what to do in the situation that I was up against. Someone in their QC (Quality Control/Quality Review) department would likely get on the phone and walk me through which parameters I should use as to avoid getting my order kicked back because of inappropriate comps.

Another thing that was extremely beneficial to me was to seek out each companies 'Guidelines' or their set of 'rules' that they wanted for me to adhere to when doing BPO work for them. Most times I found this information was listed somewhere on their website. If for some reason I couldn't find it easily then I would give them a call and ask where I could find it. By doing this, it makes you look good and helps build a rapport with the rep that you talked to.

Who doesn't want to do their job to the best of their ability? Sometimes we just need a small compass to help guide us safely and confidently to our destination.

Please feel free to share your thoughts on this too. What are your experiences with this?

Warmly,

Nicole Ocean

Certified Real Estate Instructor/Founder of BPO University

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In the past few weeks, I have received many questions from agents about what can a real estate virtual assistant do when they initially receive the asset. Real Estate Transaction Coordinators do many tasks.Listed below are the tasks that we can begin or complete in the first 24 hours of you accepting the assignment.Do a tax search for the property.Save an MLS search for initial Broker Price Opinion.Send the occupancy status to the Asset Manager via emailComplete the initial BPO.Bid request from vendorsHOA ResearchSchedule with all of your preferred vendors:Re-KeyOrder sign and lock boxUtilitiesTrash outMonthly Maintenance of PropertyNotification of any hazardsTo your business success!
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