Which REO companies are worth their subscription fees?

You need to distinquish between Asset Companies, REO platforms, and BPO companies first. Most BPO companies do NOT charge a fee to sign up. See the list of all sorts of companies on this website for their websites. Just mainly avoid brokerpriceopinion.com. The ratings are not up to date.

Try signing up for individual lenders next. They may direct you to a platform such as Resnet or Equator. One of my first assignments came from a lender who directed me to FREE use of Resnet. Now I get assignnents through Resnet from various companies but it costs yearly and is worth it for my current volume. Altisource is worth signing up with mainly for BPOs but you might occassionally get a HUBZU auction listing.

I had the advantage of being a member of the NRBA which connected me starting back in 1998 and being able to personally meet asset managers and company reps at conferences from 2004-2007. I dont think that can happen anymore through any of the REO oriented conferences or organizations.

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CECILIA D FOX July 25, 2014 at 5:56am

You need to distinquish between Asset Companies, REO platforms, and BPO companies first. Most BPO companies do NOT charge a fee to sign up. See the list of all sorts of companies on this website for their websites. Just mainly avoid brokerpriceopinion.com. The ratings are not up to date.

Try signing up for individual lenders next. They may direct you to a platform such as Resnet or Equator. One of my first assignments came from a lender who directed me to FREE use of Resnet. Now I get assignnents through Resnet from various companies but it costs yearly and is worth it for my current volume. Altisource is worth signing up with mainly for BPOs but you might occassionally get a HUBZU auction listing.

I had the advantage of being a member of the NRBA which connected me starting back in 1998 and being able to personally meet asset managers and company reps at conferences from 2004-2007. I dont think that can happen anymore through any of the REO oriented conferences or organizations.

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