I got an REO re assignment today from single source! They called me up said hey, im getting ready to re assign this listing, I see you did a BPO on it back in november do you want the listing. This is one of the first times we have gotten an REO directly from doing a BPO.
For those of you who care about figuring out the REO world. The bank on this is First Horizon, which is now metlife. First Horizon outsources to Land America, Single Source, and USRES.
FYI my business partner and I broke into the REO world in the begging of last year. Never done a BPO, didnt know the first thing about getting an REO assignment. We now run a team doing over 200 BPO's a month and have gotten over 60 REO listings in the last 12 months. Let me know if you would like to network
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How long do they normally take to approve?
Thanks!
Two listings I got this month from IAS and singlesource were both companies that "were not hiring" Well we broke in and now have gotted 5 listings from these guys, and do a ton of BPO's. I am very happy to share with people and would love to see how we can grow eachothers business
Read his blogs...very informative and agressive.