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BPO Companies That Do Not Pay!

As a part of the foreclosure and refi industry BPO's have become a very BIG part of the real estate process and a way to make some $$$. As with any industry there are always a few companies that do not pay for the work they recieve. I want every real estate professional ou there in RAIN LAND to know that the HUGE MAJORITY of BPO Providers do pay and pay well and on time however it is the few that give the others a BAD REPUTATION. I will state for the recored that I have in my possesion work orders for BPO's from ASGBPO ans BPOSONLINE that have never been paid and I am sure many of you can and I hop will add to this list. Oh do not worry, theses companies know they have not paid my Firm noow I want all of you who do work for these companies to know that in all likelihood you will not get paid. On the other hand GREAT COMPANIES like PROTEK, CLEAR CAPITAL and FIRST AMERICAN pay VERY WELL AND ON TIME.

With no other forum to protest the companies that do not pay their invoices then let their names be heard! I know the REO Divisions do not like the thought that they have paid for wok that a licensed agent prepared but the "Middle MAn" kept all the $$$ Another compnay who I will not mention just agreed to pay me over $400 in invoices that were 9 months old or older after I received the REO listing yesterday and in passing commented to the Bank how I had never been paid for the pre-foreclosue BPO in October 2006; within 24 hours I get paid? Miracle/ No, banks expect us to get paid...

This type of action worked last year at an REO Confrence where a group of us, Broker who do BPO's for foreclosures, confronted a BPO Company who was there with National Lender; you should have seen the look on the face of the people from Countrywide Mortgage as over 20 agents confronted a BPO Servicer from New Jersey, a contractor for Countrywide, that owed our group (those of us at the meeting) over $5000 in fees. Needless to say the BPO people were not there after lunch, we never saw a dime, but that provider went under and closed the next month probably owing agents 100's of thousands in fees from prior years.

Please note that some BPO Companies do not pay if you are the primary agent who is expected to receive the REO listing. This is not the issue at hand. That is a common practice and understandable. What we are speaking of are companies who sub contract licensed agents to do a BPO for a fee ($50 to $150) and nver pay you even though the bank paid thenm $400 to $500 for the report.

If you have a company tha you have documentation of your work and never receiving $$$ then please reply / comment.

Posted by Paul Moye, Broker, ABR, GRI, CSP, SRES on 06/06/2007 05:36 PM

Comments (208)

Post is included in group: Realtors®
Post is included in group: ETHICS and the REALTOR
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208 Comments on BPO Companies That Do Not Pay!

JUN

2007

I sure agree with you, Landmark, Clear Capital are but a few that have been awesome in insuring that we get paid for BPO's and in a timely manner. I had some that were over 4 months old and have given up. I won't work for them anymore.

JUN

2007

Paul.

My list is old from my Florida days but here goes:

Cartel
Williams Asset Management
Pangea

I have never worked with a company that doesn't pay because I did my research first on agentsonline.net and then did not sign up with those companies!

AUG

2007

I would like some information on how to get started doing BPO's. Can anyone point me in the right direction?

AUG

2007

Hi Paul,

Could you please post the web links for PROTEK, CLEAR CAPITAL and FIRST AMERICAN? Thanks!

-Keith

RE/MAX Olympic, Manassas VA

www.MyRealtorKeith.com

AUG

2007

I have a list of BPO/REO companies that you can sign up with. All active links that I used recently. You can immediately download the list from my website.

Valerie

http://valeriespivey.point2agent.com

AUG

2007

Here's one to add to the "Do Not Pay List." EVALUATION SOLUTIONS.

Other agents have posted receiving payment for orders completed in Feb/March a few weeks ago. A representative from the company called to ask if I would take another order. I told them to please remove me from their list, Thank you very much. Other agents have reported that their Feb/March orders were not paid and then from 'no where' a check arrived, and shortly after the company calls them with more requests. Some agents went on to accept the new orders, and 'lo-and-behold', have not been paid for the new orders! Beware of Evaluation Solutions.

SEP

2007

I did a BPO and met with a contractor on a foreclosure for MGIC, but because the home sold before we could take it, I didn't get paid. I'm not sure why. But I quit MGIC shortly thereafter because it was way too much work, and work in an area I had little interest in returning to.

I still do BPO's for Clear Capital, but they, and the rest of them, need to pay more. $50 is simply not worth the time and gas.

SEP

2007

I have had good success with Clear Capital. I agree they need to pay more. I received four checks today from Corelogic and Prime Valuation Services from BPO's two weeks ago.

SEP

2007

They pay that , because they know that if they use an appraiser it will cost much more

SEP

2007

Thanks but no thanks to Valerie Spivey in the above post. Her reply to my email for a list was as follows: Sorry the paypal email address is love2sellorama@gmail.com . I have received great information from fellow Realtors and was shocked that someone wanted payment for a list that others give out free. I wonder if the person she purchased the list from knows she is reselling to others.

"kindness and greed don't mix" Your success will be measured by how willing you are to help out not how able you are to help yourself out.

Lori Young

SEP

2007

W-M REALTY & COASTAL SERVICES ARE 2 COMPANIES THAT DON'T PAY.

OCT

2007

Prudential Partners RE - Flossmoor, IL

THE WORST COMPANY IN REGARDS TO NOT BEING REIMBURSED FOR BPO WORK IS PREMIERE REAL ESTATE SERVICES. EVERY TIME I SPOKE WITH SOMEONE THEY STATED A CHECK WAS GOING OUT IN THE MAIL - OF COURSE I NEVER RECEIVED ANYTHING. THEY OWE ME ALONE ABOUT $2K. I EVENTUALLY REPORTED THEM TO THE BBB OF NEW JERSEY. I DID NOT HAVE ALL OF MY PAPERWORK ANY LONGER SO I HAD TO STOP THE BBB PROCESS. THEY HAVE A NUMBER OF COMPLAINTS AGAINST THEM.

Larecia, I got burned by Premiere many years ago, I tried to get my money but nothing. I started refusing work from, so they tricked a couple of other agents in my office to due some work. I warned them but they had to learn the hard way. Thanks for the list of the other companies, they will definitely go on my no service list.

I learned something from this blob, that these companies were paid so much, but give so llittle to us.

OCT

2007

Add Lender Services Group, it's like pulling teeth to get someone to answer you! And I had all the paperwork they sent with the fee and after 3 months they won't pay the full amount.

OCT

2007

MainStreetValuations is good, if you send your I-9 in they will pay you within 2 weeks. Clear Capital pays in about 30 days, but they pay at the low end of the scale and their forms can be difficult to fill out

OCT

2007

sheri, do you have a contact number for Mainstreer. we have a check here but not sure which agent it is for

OCT

2007

Has anyone heard of GRP Financial Services? They emailed me to find out about a property and baised on my BPO a chance of the listing, but if the property is vacant rekey, trash out, etc and they will reimburse me.

NOV

2007

I HAVE BEEN A AGENT FOR YEARS AND I WANT TO GET STARTED DOING BPO'S... CAN SOMEONE POINT ME IN THE RIGHT DIRECTION? THANK YOU IN ADVANCE.

NOV

2007

I have been a agent for about a year now. Can anyone advise me on how to get started doing BPO's.

Timothy7_Key@yahoo.com

Timothy, this link should get you started: http://www.dmoz.org/Business/Financial_Services/Field_Service_Companies/

Also do not forget to login!!

NOV

2007

It is time somebody got on the podium. What would happen if brokers delayed paying their agents?

Mine would up and leave. Thanks for helping.

NOV

2007

Does anyone know if Main Street requires E&O insurance? If you don't have it will this be a problem? Many companies do not require this. Thanks

NOV

2007

I am in Louisiana and wishing to sign up for BPO. I am real estate agent affiliatd with a broker. can I do BPO work ndependently or I must go through my broker? Where do i gehis info? Also can anyone give lnks to sign up with countrywide, Lending tree, Bank of America, eTrade, wells fargo, etc. thanks for your help

NOV

2007

EVALUATION SOLUTIONS IS ONE THAT DOES NOT PAY. BEEN 6 MONTHS DID 8 ORDERS FOR THEM AND STILL HAVE NOT BEEN PAID. BEWARE.

NOV

2007

I like working with Secure Collateral and Clear Capital. Both are easy to work with and pay within 30 days when you provide them with BPO's. You can sign up with them on their Webpages at securecollateral.com and clearcapital.com.

NOV

2007

Does anyone know anything about a company with the website www.quickbpo.com? They have contacted me about joining their network.

I do BPO regularly (Clear Capitol, Protek, & Home Eq Servcing) and get paid promptly for the work. So far, knock on wood, I have not been "burned" for my services. I just completed a BPO for a company called GOBPO, and I have not been paid yet. BPO was done over three weeks ago and now my contact person is not responding to my calls/emails. This was a very indepth one and was suppose to pay $85.00. I don't have a good feeling about this one. I'll let all know when/if I do get paid.

DEC

2007

As a broker and licensed professional for over 14 years I will say this: it all comes down to us a realtors and professionals providing a quality service and the joke is on us when we don't get paid. WE as professionals sometimes go out of our normal range of buyers and sellers to help with what we think are other professionals in our field only to find out "YES" we do get burned and not paid from time to time from some these companies. The biggest let down aside from the money,time,and gas that we loose is the fact these companies are still alllowed to operate ..PERIOD!!!! SO, although I agree with this site to help us all in our profession, I disagree with being a professional that will act like the non payment companies such as the biggest ripper of all (COAST TO COAST) . We need to cut out that middleman and I am open to all suggestions from people in our field that feel the same way and have discovered a way out of middleman position. Let's find a way ? D

Well Dee,

There were times when we did deal with the companies direct. Now there are so many middlemen it is a shame. I too wish to find the solution for middleman elimination.

Dee & Paul,

Maybe we ARE taking care of companies such as these right here! By letting other Realtors know which of these companies DON'T pay, we are getting the word out to as many as we can and eventually, MAYBE, they won't be able to get anyone to do their BPO's and such for them. It may take a little time, but bad press seems to get around a LOT quicker than good press.

Keep posting the "BAD" ones right here.

DEC

2007

I agree that something should be done about non payment. I am very diligent to make sure that I do get paid on all orders. Eliminating the middle man means you eliminate our service base. What more than a middle man is a real estate broker? Be careful what you wish for!

DEC

2007

W-M Realty Services DOES NOT PAY. They owe me money from months ago. I sent an e-mail about a week ago reminding them they still owed me, and never received a response. I phoned them a few days ago, and the first words out of respondent's mouth were "Have you called before?" When I ask whether it mattered if I had called before, she responded that "well, if you have, I can probably help you." Dead give away to me that they must be receiving a lot of calls from reps who have not been paid! Cross the outfit off your list of companies that pay, because they don't!

Thanks for the updated info Alicia. I have just received an inquiry email from this company a couple of days ago about interest in my area. I have not responded yet and now I won't. Don't have time to waste on this SCAM companies!

Thanks , God Bless and Merry Christmas!

DEC

2007

You're more than welcome, Kathy. You are making the right choice not dealing with these people. Too bad I'm on the other side of the US - there isn't much I can do. God Bless & have a good New Years.

JAN

2008

I agree with Dee.

COAST TO COAST is the WORST!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

i signed up with a handful of companies a little over a week ago. How long might it actually take to be contacted by one or any of them?

Does anyone know about USA Valuations?

JAN

2008

JAN

2008

OVER THE PAST SEVEN YEARS I HAVE DONE BPO'S FOR ABOUT 6 DIFFERENT COMPANIES. I USED TO DO THEM FOR ASSET VALUATIONS, RESIDENTIAL REAL ESTATE REVIEW (RRR) AND ANOTHER THAT I CAN'T RECALL THE NAME AND NEVER HAD ANY PROBLEMS. WHEN I LEFT A PREVIOUS OFFICE FOR A NEW ONE I ONLY CONTINUED TO DO THEM FOR RRR. THEY HAVE ALWAYS PAID ME AND USUALLY WITHIN TWO WEEKS. I WAS CONTACTED BY EVALUATION SOLUTIONS ABOUT TWO YEARS AGO WHO SAID I HAD BEEN RECOMMENDED TO THEM BY SOMEONE AT RRR. I STARTED DOING BPO'S FOR THEM AND DID NOT HAVE A PROBLEM WITH RECEIVING PAYMENTS (ALTHOUGH THEY WERE VERY SLOW TO PAY) UNTIL RECENTLY. THE LAST CHECK I RECEIVED WAS IN JULY WHICH WAS FOR BPO'S COMPLETED FROM MARCH THROUGH JUNE. I HAVE DONE FOUR MORE FOR THEM SINCE THE FIRST OF AUGUST AND HAVE NOT RECEIVED PAYMENT FOR ANY OF THEM. I STARTED CONTACTING THEM LAST MONTH AND HAVE RECEIVED EMAILS FROM THEM WHERE SOMEONE WOULD FORWARD THE INFORMATION TO THEIR ACCOUNTING DEPARTMENT REQUESTING EXPEDITING THE PAYMENT. I HAVE SINCE CALLED BACK TWO DIFFERENT TIMES AND THE LAST TIME I ASKED FOR A PARTICULAR INDIVIDUAL AND THE WOMAN WHO ANSWERED THE PHONE ASKED IF I WAS CALLING REGARDING A PAYMENT - NOT A GOOD SIGN. I HAVE THE FEELING I WON'T BE RECEIVING ANY CHECK SOON.

JAN

2008

Can anyone tell me how to start doing bpo's for Country Wide?

JAN

2008

I have found out (the hard way) that W-M Realty Group (aka W-M group) does not like to pay, they don't answer emails requesting payment and they dodge phone calls. I am about 2 days shy of having my attorney contact them. It's not a lot of money, but that's not the point. I work - I expect to get paid. I will not be doing another BPO for this group - ever!

JAN

2008

Carol, tI hope this is just a one time only thing. I just completed a driveby for them yesterday. I had a question and called and they answered right away. I just guest I will have to wait to see what happens.

Paul - They call me often, but the work is not always in my area. And when I return their calls they answer. When I call about getting paid that's another story. It's the runaround game through and through. I hope you have better luck.

Yes, I hope so also. This was the first one I did for them. When they called, I had forgotten I had signed up with them, then I remembered.

WELL, one more to add to the list! GOBPO!! I completed one for this company on 11/11/07 and have not received my fee. I have tried to email them FIVE TIMES! The first couple they answered right back telling me that my "check was in accounting". The next two emails were unanswered. The fifth I just sent off so we'll see how that goes. I have also tried calling my "representative" but he has NEVER returned my calls.

Paul, this company too was VERY helpful during the process of completing the BPO. After the completion and a couple of clarification questions they had, they are non-communicative.

Thought I would add one more to the bad bunch. Anyone had dealings with this company? Email me and let me know.

I am so fed up of people selling BPO lists, no matter for what money.

I never had a problem with non payments have been doing BPO for 4 years, stick to the wellknown ones

Good companies are:

Clear capital

AVM

Corelogic

RRR

REM

GOODMAN DEAN

PVCMURCOR

BPODIRECT.com

emortgage.com

imortgageservices.com

singlesourceproperties.com

market to market

FAS

Voila, this should help some of you. I have more companies, but what you will find out as you go through the different Blogs or groups(Yahoo has a good group with free links search for BPO/REO agents on yahoo and FREE)

Googling and so on will help, just do not pay these scammers out there.

Another note ! do not accept anything under $50, I do BPO anywhere from 50 to 120. and averaging 65 at the moment. Keep the market good for everybody

I suggest that if you know good or bad comanies put them out there for your peers. "quid pro quo" , but do not pay for lists

Edgar

BEWARE of USA Valuation Services. My first order from them was completed on 11/10/2007 & I have yet to get paid. The now owe me $300.00. I was told that I would get paid within 30-45 days now I'm told not to worry that I will get paid. My question is WHEN?????? The person placing the orders is Missy Denton. I wonder if I can call the electric company & tell them not to worry...they'll get paid!!!!! My next call is to my attorney!!

JAN

2008

Missy Denton (missyd@jclam.com) representing USA Valuation does not return phone calls or emails reference to appraisal orders made. It is yet to be seen if she pays for the appraisal she orders. That is the BIG QUESTION as of this date 01/27/2008.

JAN

2008

Anyone know what happened to eValuation Solutions.com? I've been trying to get them to pay for the BPOs I've done and their phone suddenly doesn't work!!

Does anyone have any experience with Land America? I've been getting the payment run around for several weeks.

JAN

2008

Ernest, I have done many with Land America, and they have paid me within a 30 day period.

j.p are you an appraiser? A BPO is exactly what it is...an opinion. Could you enlighten the majority of us on why you thinks we should not be paid for our work?

I agree with Paul! It is just what is says, A PRICE OPINION! Isn't that what we do anyway when we perform a CMA? Why shouldn't we be able to get paid for what we were trained to do? In I put in the comments when performing a BPO something to the effect of, "IN THIS REALTOR'S OPINION".... I profess to be an appraiser and don't call my work an appraisal.

I would also like to ask JP, are you an appraiser and what state do you work in...just curious.

But it is still my opinion as to what the quick sale, as is ,and repaired value should be. The companies do not just use my opinion alone. They get them from several others.

What state are you from?

I finally heard from Land America today. In spite of the fact that I submitted my W9 AT LEAST 5 times they claim they just got it.

I even got a check from eValuation Solutions today!!

Oh, by the way, speaking of appraisers and agent/brokers and price opinions:

I just refinanced my house last month. If a real estate broker or agent had been asked to give an opinion as to market value they would have come up with a value about 10% lower than the appraiser did. There's absolutely no way that the house is worth as much as he said it was.

JAN

2008

Don't sell your opinion cheap as a Broker myself I know its not just an opinion its a PROFESSIONAL OPINION and that you can be sued for as mal practise. JON

FEB

2008

I work for evaluation solutions, and know they aren't paying people.

FEB

2008

Well, I surely understand why you can not reveal your name. Thank you for the honesty!!!

FEB

2008

If you work for evaluation solutions, do you know why they don't pay? What must one do to get paid by them?

MAR

2008

How long does it take for Asset Valuation to send out checks? And PVC? I just started working with these two, and am curious how long it will take to get paid. I have almost a 150 dollars out at AVM and they are wanting me to do more orders. I really don't want to get burned.

How is everyone? Hope the New Year is treating you well. Business is starting to pick up in our area...and the weather is finally getting warmer.

MAR

2008

Guys heres a list of companies for FREE! Click Here BPO4AGENT.COM this is gold.

I am having trouble with USA Valuations right now! I have worked with CC, PVC, MS, and REo network. I am taking everyones advise and blacklisting companies that don't pay.

I live in rural North Central MN and a lot of times round trips can be 60-100 miles, so I refuse to do them for $50. I will for 65 if they are under 20 miles RT but otherwise I am requiring 75 to 150 depending on the mileage. I loose a few to lower bidders but with 3+ dollar gas there not worth it. Its our service we should be able to set the going price for our service. The agents that are doing them cheap are hurting us all.

MAR

2008

Thanks for all the imput on this site. My employing broker got me started doing BPOs, but when I asked which companies don't pay, I was told that I would just have to learn that for myself. You all have saved me some time and frustration. THANKS. This business can be frustrating enough...at times. Why add to it.

MAR

2008

Thanks a million to all of you who have shared BPO information with us.

So, lets talk about asset management companies. I'd like to get started doing REO. Anyone has suggestions. How do I establish communication with these companies?

MAR

2008

I have just been contacted by a company called Intergrated Assest Services (iasreo.com). Has anyone heard or worked a BPO for them? Do they pay in a timely fashion and have you ever received the "PROMISED" listing from them?

Thanks for any info on this company.

** UPDATE ** After multiple phone calls, many promises of return calls, many claims of confusion, shock and awe that I had not been paid .... I sent a registered letter of demand to W-M Realty Services. In the letter I detailed the timeline of events along with a list of time I called and who I talked with.

I closed the letter with a reminder that if I did not get my money within 10 days that I would have no choice but to notify the lenders that they work with.

I got my money in 8 days - check marked PAID IN FULL - ACCT CLOSED

Oh my ... now I'm upset ... they won't call me anymore ..... NOT

MAR

2008

Hey Kathy, I haven't had any personal experience with them, but I heard they were a great company for those looking to get REO experience. I haven't heard anything negative about them. Good Luck. I signed up with them, too.

I have completed the THIRD one for them so far. When they got me signed up, they "PILED" the order on. We'll see how fast they pay now and I will update all on it.

Thanks Deb.

APR

2008

Hello everybody! I'm Todd Hurst, a licensed appraiser in Arizona. I've been appraising since 1997, completed more than 4,000 appraisals and have been shafted and screwed by more lenders than I dare count.

I applaud you all in your efforts to help each other out! I wish this type of forum had been around when I started. It could have saved me tens of thousands of dollars and time out of my life that I will not get back.

Warm regards

Todd

PS - two more tests and I'll be and agent too!! :)

APR

2008

evaluation solutions does not pay, owes me over 325.00.

APR

2008

ASGBPO..........so I'm wondering why I havent gotten paid and then I find this blog and see right at the top, that this is normal for this company. So what can be done about this?
June Jackson, she answered my second email and said she would "check with accounting". I don't think I'll answer requests from this company again. Stinks to work for free doesnt it?

Anyone out there heard of Evaluation Solutions? They called me today seeking would I accept an order. I was not in the office, so they left a message on my voicemail.

Are they good or bad?

APR

2008

Valerie, is that really how you want to make a living? Charging fellow agent $7 for a list of BPOs? ActiveRain is a discussion forum for Realtors to share information with each other, not profit from each other.

Thanks to everyone else for the FREE advice! I just signed up with FAS and am hoping the $100 is worth it.

APR

2008

Did my first bpo 12 days ago and already received payment. The company is real serv. Just wanted to share. I've learned so much, thanks for all the valuable info of companies that don't pay and the companies that do!

APR

2008

BEWARE!!!! EVALUATION SOLUTIONS DON'T PAY FOR BPO's. IF THEY JUST GAVE YOU AN ORDER THEY TRY TO GIVE YOU ALMOST EVERYDAY IN YOUR DESIGNATED AREAS. ALWAYS RUSH AND ALWAYS THE CHEAPEST PRICE. AFTER YOU ACCUMULATED AT LEAST $500 IN RECEIVABLES, ORDER START TO DIMINISH. WHEN YOU FOLLOW UP FOR YOUR PAYMENT, ORDERS TOTALLY STOPPED. SCAM!! SCAM. IF THEY PAY YOU,THEY PAY YOU AT LEAST 60 -90 DAYS AFTER YOUR JOB IS DONE. WE NEED TO BOYCOTT THEM.

APR

2008

I am curious to know how common it is to get reo listings as a result from doing BPO's. I would also love to know how long it took from the time you started doing BPO's to when you got listings and on average, how many listings you are getting each month. I am in the DC/MD market and I have been trying to sign up with as many lenders as I can but it has been extremely difficult to get information from the larger banks about signing up with them. Any help or suggestions would be greatly appreciated.

APR

2008

FOR ALL REALTORS STILL DOING BPO FOR EVALUATION SOLUTIONS! PLEASE BE WARY, DON'T DO ANY BPO FOR THIS FLY BY NIGHT COMPANY IN FLORIDA. I HAVE SEEN A LOT OF BLOGS ABOUT THEM NOT PAYING FOR THEIR BPO WHICH THEY ALWAYUS WANT A 24 HOUR TURN AROUND AFTER YOU ACCEPTED THE ORDER. THE PROBLEM THEY ALWAYS GIVE YOU A RUSH ORDER, AT A VERY CHEAP PRICE, THEN YOU WAIT 60 DAYS TO GET PAID OR NOT EVEN GET PAID. YOU CAN MAKE A BETTER USE OF YOUR TIME ESPECIALLY NOW THAT GAS IS VERY EXPENSIVE. I ATTACHED HEREWITH A LINK TO http://www.ripoffreport.com/ ABOUT THIS VERY BAD COMPANY.

http://ripoffreport.com/searchresults.asp?q1=ALL&q4=&q6=&q3=&q2=&q7=&searchtype=0&submit2=Search%21&q5=evaluation+solutions&Search=Search

MAY

2008

"Have Been Ripoff"--I am sorry that you had to work with this unsrupulous company. Evalution Solutions is notorious for non-payment. This is serious, and something should be done legally with this group.

I had worked with them. At first, pay was on time about every two weeks. Then as I completed more, and more orders for them, they slowed down to a complete stop. I waited over 90 days for pay on $600.00 worth of orders. I finally did get paid after writing numberous emails, and phone calls to no avail. They gave me that same 'crap' of not having my W-9 form. Right. Why would I not submit my W-9, when I intend on getting paid? Anyway, turns out that I wasn't alone. Here's a link where hundreds of agents posted their experiences of working with this company. It appears that what they do is 'bait' you in to work, by paying you at first. Then you complete "x" amount of orders, and then they don't pay. When they get another 'batch' of orders to complete they pay the agents they owe and need to complete orders. So they will have the nerve to call you to do more orders, repeating the cycle. Some of these agents are desperate and they will get sucked in to this. My Advice: Don't work with these crooks!

Here's the link: http://www.agentsonline.net/forums/ubbthreads.php/ubb/showflat/Number/223776/fpart/1

MAY

2008

Wow great info everyone!

I would encourage anyone who has a problem with any of these companies to report them to the BBB. I just did 2 BPOs for eValuation Solutions and won't do any more since I read this thread. I will report them to the BBB if they don't pay. All others that already got ripped off by them, here is the BBB site where you can report them (Assumming this is the "eValuation Solutions" in Jacksonville FL): http://www.jacksonville.bbb.org/commonreport.html?compid=050119300

MAY

2008

Can anyone tell me if they have worked with Inside Valuation and any comment about this company? They are fairly new out of Reno, NV and am wondering how they pay. Any input would be appreciated.

05/05/2008 01:17 PM

by Freddie

MAY

2008

What about bposonline? Has anyone worked for them. I'm just wondering if anyone can share any experiences...the good, bad or ugly.

By the way, I've always gotten paid from ASG. I think they were 45 days out. I haven't heard anything from them in a few months.

MAY

2008

Great post.

Thanks for all the info everyone

MAY

2008

Thank you all for the info regarding the BPO's I am new in this and was looking for Company's lists , and found them on this forum, I need someone to guide me how to get REO's , what is the first step , and how long should I do BPO's before I can list bank properties , I am agent in California and do I have to inform my Broker of BPO'S , and If I get paid from those companies?? Please let me know . Thank you for your help.

MAY

2008

I don't know what you are talking about! I have been doing BPO's for Proteck for almost 2 months and have yet to see a dollar from them. They owe me almost $2000.00!!!

Hello ReMax agent,

I do not mean to come off as cruel, but don't you think you should stop accepting assignments from them if they have not paid in 2 months and owe you over $2,000. I think as long as you keep accepting they will keep calling on you, and they still will not pay.

We have completed over 50 BPO's for EVALUATION SOLUTIONS dating back to July 2007 for which we have never been paid. We will no longer accept orders from them.

MAY

2008

05/27/2008 I recently did BPO on a property in Spaulding Illinois. For a company named Area Wide Realty. They advertise offices in Illinois and Wisconsin, Chicago and Milwaukee. The approved the amount and I did the BPO back in January. After giving me every run around they could they still have not paid me. Last week they told me the client was only going to pay me 1/2 half of the fee... I told them to keep it I would put their name on the deadbeat list to warn everyone else. Jenn Myzia is the person with that company who ordered the BPO. Some smart mouth that is her boss first name is Mike. Beware of them they want everything done fast and when you need to be paid they have the market cornered with excuses... Thanks and beware Jim Griffin Realtor-Appraiser with Wrightsman Musso LTD 217-725-5546

Thank you all for the great information.

Anyone know anything about disposolutions.com? I have just completed a BPO for them. Good or bad, I REALLY want to know. ALSO I have received an invitation (found me here on AR she said) to join a company called McCaffrey Properties to just take pictures of properties in my area for THEIR BPO's. They are out of New York. Any news on them if anyone has any would also be appreciated.

JUN

2008

Does someone have the link for Landmark. Want to be sure I have the right company. Thanks.

Janis, Marty and mike here is the link to Landmark: https://ladsvalues.landam.com. I do work for them and have had no problem getting paid by them.

I may have given you the wrong URL, I thought you were asking about LandAmerica...sorry.

JUN

2008

Proteck pays, every 60 days. I have been working for them for a while and I get paid 45-60 days.

Inside Valuations, great to work for, they pay. I would say 30 days.

JUN

2008

Proteck has paid me money. Disposolutions is great about paying quickly. Love working for them. Forms are fairly easy. LandAm pays quickly, the fastest out of all I've done BPO's for. Their website www.nascopgh.com

JUN

2008

Disposolutions are good. They pay as promised. I need an update about Evaluation Solutions. Has anyone work with these guys lately and got paid for their work?

JUL

2008

Just started started doing BPO's for an associate and came accross this forum searching for lists only to discover people willing to charge for these lists.

I agree whole heartedy that as brokers we are charged left and right for fees, dues, and then not paid for all the counseling and everythingelse we give to our clients/customers.

Just wanted to thank you for thinking outside the box and sharing the free goods and bads, I to have been burned.

I think the new agent may want to find a broker who will look out for the new agent, it wasn't cool, not by a long shot. It's tough enough out there. That broker may want to read up on training new agents and keeping them. Re: DiscnDeb

JUL

2008

I have left 3 emails and 2 voice messages for Evaluation Solutions to pay me for 9 completed BPO orders some of which go back 6 months. I have not heard a peep from them.

They are so unprofessional that when you call their main number, it does not even announce the company name...I wonder if they are trying to hide. In addition EVERY SINGLE ORDER with them is a "rush" job where they sometimes expect it to be completed within a few hours of accepting the order.

The company is just a joke. Stay away. Or if you live near Jacksonville Florida, please go and knock some sense into them. Thanks.

JUL

2008

Thank you so much for the information! I am just starting up our REO department and signing on for BPO's. Very Helpful Blog. Can anyone give me reasonable prices to charge in Texas for Interior an Exterior BPO's? What if they want both? Thanks!

JUL

2008

BEWARE NON PAYMENT FOR BPO'S !!!!!!!!!!!!!!!!

AGENTS BEWARE EVALUATION SLOUTIONS IN A NON PAYER BUNCH OF CROOKS !!!!!!!!!!!!!

JUST STAY AWAY FROM EVALUATION SOLUTIONS TO AVOID NON-PAYMENT OF YOUR BPO's ESPECIALLY NOW THAT GASOLINE IS VERY EXPENSIVE. IT IS NOT WORTH IT TO SPEND ABOUT 3 TO 4 HOURS AND EXPECT A PAYMENT OF $45 WHICH YOU WILL NOT GET.

Keep your chin up Evaluation Solutioms is trying to get better !!!!!!!!! I finally got a payment after I have asked 10 times .....

BPO QUEEN!

YOU BETTER WATCH OUT! THEY WILL START GIVING YOU ORDERS AGAIN AND YOU WILL GO TO THE SAME CYCLE AGAIN OF BEGGING FOR YOUR PAYMENT. THERE ARE A LOT OF BPO Co. THAT PAY ON TIME, SOME LIKE NVS, SUMMIT VALUATIONS & IREP NORMALLY PAYS WITHIN 2 WEEKS OR SO. WHY GAMBLE YOUR ENERGY WITH EVALUATION SOLUTIONS. I HAVE A FRIEND IN LA WHO HAVE NOT RECEIVED PAYMENT FOR BPO'S DONE LAST YEAR. WHAT'S OUT!!!

CHECK RIPOFFREPORT.COM. HERE IS THE LINK!!

http://ripoffreport.com/searchresults.asp?q1=ALL&q4=&q6=&q3=&q2=&q7=&searchtype=0&submit2=Search%21&q5=EVALUATION+SOLUTIONS&Search=Search

VICTIM OF EVALONLINE!!

BPO QUEEN!

CHECK RIPOFFREPORT.COM. HERE IS THE LINK!!

http://ripoffreport.com/searchresults.asp?q1=ALL&q4=&q6=&q3=&q2=&q7=&searchtype=0&submit2=Search%21&q5=EVALUATION+SOLUTIONS&Search=Search

VICTIM OF EVALONLINE!!

JUL

2008

Hey all of you here is the email for evaluation solutions vendorinquiry@evalonline.net. I will not complete anymore BPO'S for them but I had to stay on them and hear every excuse in the book. I told them cut the crap pay me or you will be hearing from my attorney. FLY BY NIGHT CROOKS!!!!!!!!!!!

JUL

2008

Some good ones I work for and LOVE to work for are

Clear Capital www.clearcapital.com

IREP www.irepvm.com

Nations Valuation Services www.nationsvs.com

Pro-teck www.pro-teck.com

PCV Murcor www.pcvmurcor.com

Integrated Asset Services www.iasreo.com

Corelogic/RELS www.valuationsupportservices.com

They have all paid me within a 2 to 6 week timeframe. I am signed up with others too that pay but rarely get orders from them. I do work fairly regularly from the above companies. Some mass assign and you have to be the first agent to get them, in this case I usually miss them b/c I am out in the field and not sitting in front of my computer. I do about 20 - 40 per month depending on the month. Sometimes my broker assigns them to me. She gets a ton from Singlesource and First American Residential Value View or whatever it is...that website is www.sourceoneservices.com and she another one is RRReview, which is www.rrreview.com

I just recently received an order from BPOs online. They told me that they paid very well, so I completed an order for them. Since someone said they don't pay, I will not be doing any more work from them until I get paid for this bpo. Anywho, that's my 2 cents for someone wanting to get started in the bpo field, start with these companies, most have a link to sign up, if they don't, just shoot them an email and tell them you are interested in being a vendor and they'll get back to you.

Oh yeah and Lighthouse did pay me but it took over 3 months, which in my opinion is not acceptable.

JUL

2008

Hello to all and thank you so much for all this great info! I am so glad to find a place where great people are willing to share.

I have a question. Would to pay to be on a BPO/Asset mgr list? I was going to sign up with a company that is supposed to be good but they want to charge me an "annual fee" of $250. Would you do this? The company is https://agent.res.net They through Old Republic default management services. I really want to get involved in BPOs and eventually, hopefully they can turn to REOs but I am having a heck of a time getting anywhere...;/

Thanks!!

AUG

2008

For agents who are new in doing BPO's for evaluation solutions please check the posts about evalonline or evaluation solutions at http://www.agentsonline.net

I have attached some of the posts about them.

After reading how you folks got checks in the "batch" and I didn't - sent another email to Erica @ vendorinquiry..I nicely stated I knew agents in my area who had already received their checks (okay - so kind of a white lie- do I feel bad? Not.)and wondered where mine happened to be???
She called! Apologized. Said there was some problem with my "profile" (??)that has been worked out. (??!)She doesn't know how I slipped through the cracks but a check went out yesterday. Call her again if I do not receive it...
You bet I will Eric-

How is Erika going to handle everyone in every state......would seem like I don't hear about anyone in that accounting department! Still waiting on my April check but did talk to Erika once, surprise her voicemail box is full! Emailed her and someone will get back to me in 5-7 days great!
Slow pay is one thing. I never count on a PRTK check before 60 days but the back and forth stuff to see when you'll be paid is ridiculous!

They call me at least once a week and send a desperate email 2-3 times a week. Love the ignore button on my phone for that reason (I have their numbers programmed into my phone with the name, so I know what to do with the call) and the delete email option also, actually need to set them up for auto-trash bin.

I will never, ever do another BPO for them and ORT is next on my list if they don't pay me soon!

I have 3 orders un-paid. They are 6-8 weeks old. After reading here I will not take another order from The Evil. The driving, the gas, the time and then I have to fight to get paid....no thanks.

Reviewing the email. I didn't get a contact name. So this probably is not that much help...

Vendor Inquiry <vendorinquiry@evalonline.net> to me
show details Apr 23 (3 days ago)

Thank you for doing business with Evaluation Solutions. A check will be cut on 4/30/08 for orders completed on
February 17, 2008 - March 21, 2008. Please notify us if you do not receive the check within 7- 10 days from 4/30/08.

Thank you for your patience,
Evaluation Solutions

AUG

2008

I just got paid from Evaluation after doing orders for them from April of 08. What a company. Then they starting auto assigning orders to me today as if I would be that dumb to do work for them again.

Is that 5 months of waiting for your $45/eterior & rush orders?

AUG

2008

The way we handle is, we will float up to 30 days. After that, we send a last request and wait seven days. At the deadline, we file a mechanic's lien against the property and let the owner fight it out. The property cannot be sold until the lien is cleared. we also add late fees and interest. http://www.flyinrealty.com

We have always collected...

SEP

2008

Thank you all for the names of the bad companies! It is eye opening since I'm new to the BPO's.

I have done orders for evaluation and got paid after months of waiting and multiple e-mails.

In June, after they did not pay me for 2 orders from April I stopped taking orders from them. Since July I kept telling them, every time they called with a new order, that I will not take any orders as long as I'm not paid for the work done already. At the end of August I got paid.

I've done one more order just a few days ago. I wish I had read your posts earlier!!!!!!!!!!!!!!!!

No more orders from evaluation!

I never had a problem with Clear Capital and Corelogic. They are easy to work with and there is always someone to answer the phone and advise you.

I have just signed up with the Lighthouse. Have any of you worked with them? Any comments? can yo share?

Thank you all,

Marta Olejnik,

Re/Max Advantage, Antioch, IL

The following are best BPO companies to work for. Clear Capital, eMortgagelogic, RRReview, Main Street Valuations, Summit Valuations, NVS, IREP, Integrated Assets. EVALUATION Solutions, oops sorry they don't belong here.

I heard Singlesource, PAS, M2M are good. I am signed up with them but no orders in my area.

EVALUATION SOLUTIONS has no solutions on how to pay their agents.

I have worked with M2m for about a year now. They are good to work with. They pay in a timely manner. They will even sometime increase the fee rate. I have never had eValuation Solutions contact me for any job (JOY)

SEP

2008

Don't do any BPO work for Summity Realty Grp. They don't pay and will ignore your phone calls and emails.

I have never heard of this company, where are most of their orders coming from? Are they a regional company, what part of the country do they service?

Like I just asked what part of the country do they service. Thanks for the APB.

Has anyone had problems with Residential Real Estate Review (RRR) paying? How long does it take them to pay?

RRReview is one of the good companies that pay on time. Their payment is a little bit low compared to the other big BPO companies. They also don't have a lot of orders in my area. Some companies pay you for a 1 business day exterior BPO for $85 and they pay on time. Evalonline wants you a 24 hour turnaround for $45 and you have to hound them for your payment.

SEP

2008

I like the idea of putting a lien on the house for non payment of the bpo company.

I have been doing these BPO's for 10 years. Clear Capital and Goodman Dean are TOPS!!

Thanks for sharing!

SEP

2008

I would like information on the right channels to pursue in order to get involved with BPOs. This post certainly give a great deal of information and expecially tags those that you need to avoid.

I will not do BOS's. Period. In my experience even if you do get paid, it's after many phone calls and begging for payment. My time is more valuable than that.

SEP

2008

AGENTS BEWARE !!! THEY DO NOT PAY !!!

There are several GOOD companies, at least in my experience, that not only pay very well & own time, but act like they appreciate the work I do.

In a time where things are slow, I'm using my real estate knowledge to help feed my family.

Anonymous ~ I think we know how you feel about Evaluation Solutions.

SEP

2008

Gotta love Evaluation Solutions!! I just got paid in early September for orders that were completed in June- ONLY after hounding them for payment. I did not have to resubmit a W-9, as I had it on file from day 1. Instead of avoiding their calls for placing orders with me, I would answer and politely tell the person that I am not able to accept an order from their company at this time because I haven't received payment after several months with no return calls or email replies. One gentleman FINALLY felt sorry for me and submitted some type of expedited request. He said that he would submit it so that this can be resolved so that I can work future orders. As someone else mentioned above, offering rush orders with a 24 hour turnaround at the lowest pay, waiting forever for payment after having to beg for it,, JUST ISN'T WORTH IT!!!! I prefer to work with some of the other companies that were mentioned above.

I used to feel like a favorite of First American (they would even call me before email blasting orders). However, I must've gotten off of their favorite list from being late on a few orders or either their previous favorite person must have returned from vacation, lol. I have to catch orders by email blast these days from them. They are a good company to work with though.

STAY AWAY from Evaluation Solutions www.evalonline.com!!!

You have to be careful with whom you do BPO'S for. Doing BPO's spending gas money your time in doing research in the MLS, taking photos, making adjustments where needed takes maybe an hour or 2 to do an accurate BPO, Waiting months & months to get paid or not get paid at all is the worst that can happen to us as an agent. The only way we can stop this people from taking advantage of us is to decline orders from them until they change their paying habit. There are a lot of good paying BPO companies who pay on time and you don't have to email, call or hound them for your payment. These are some of the good paying co's: Clear Capital, IAS, Goodman Dean, IREP, Mainstreet, M2M, NVS, Summit Valuations, eMortgage Logic, PCV, Single Source, FARVV, RRReview and many others. Just be careful with the ones you work for. Do your diligence and research the realtor's forums so you don't get burned.

OCT

2008

pls give me list that pay on time

They're greedy, and we're a low priority...

Thanks for the post,

W-M Realty does not pay....they keep sending me to accounting & saying a check will be cut.

Eric,

I had my 1st taste of them back in 2004. In did a job for them and my fee never came. While this past February I got a check in the mail, and a request for another job. It did not register who they were until I went searching through the blogs on Rain. To get my money this time I would email and call every day asking for payment, and then I said I would call the banks they work with to let them know what type of business W-M was doing. I got my money.

OCT

2008

brokerpriceopinion.com

has $1100 in unpaid receivables from me.

I didn't see their name on here. When I asked about payment, first they said 30 days. At 30 days, I asked, then I was told 45-60 days.

By the way, the charged me $250 to sign with them upfront after which I found out their rate is $35 for a drive by and $50 for an interior. Unfortunately, I didn't do the proper research before giving them $250. Live and learn.

I'll let you know if they pay.

brokerpriceopinion.com

has $1100 in unpaid receivables from me.

I didn't see their name on here. When I asked about payment, first they said 30 days. At 30 days, I asked, then I was told 45-60 days.

I'll let you know if they pay.

Received an email from evaluation solutions wanting a bpo done, i asked why they don't pay some for the work they do and yolunda said it's probably because it goes to Quality control and if it doesn't pass it gets sent to another agent to do . They should tell the agent if it fails and need work not just give to another. I passed on them

OCT

2008

I want to thank everyone for their imput on this blog. With me being new to BPO's and just barely getting started (Haven't done one yet), I am doing my research weening out the good and the bad.

I recently got an email from FISERV Lending Solutions. Do anyone have the scoop on them?

Knowledge is Power and each and everyone of you that felt a need to share your knowledge for FREE without trying to make a profit, will be totally blessed as greed is not the answer. God Bless you all and I will let you all know what happens with FISERV if no one has info.

OCT

2008

Thanks for the info Paul, I was actually doing a Google search on how much BPO's get paid and your blog answersed my question. I am a Realtor with an opportunity to work with REO's and the company is offering me to do the BPO reports but from reading your information, I think I would rather concentrate on the REO's.

OCT

2008

Has anyone hear of Kandour, they gave me an order today, and identify as a new company, I check them online and they seem legit, but I want to make sure they pay.

I have not done BPOs but have an interest in moving in this direction. I have found the information in this post valuable as well as the many comments. Thank you (all of you) for your information and advice.

OCT

2008

Thanks for the post Paull
I've had trouble with W-M paying for months now....just checked on status again & told 'Check is in the mail'...we'll see

OCT

2008

I saw a previous question about https://agent.res.net and was wondering the same thing. Has anyone slapped down the $250 for this and can provide any insight as to whether it's been good/bad?

Thanks in advance!

OCT

2008

Matt,

I have now received 2 listing from US Real Estate Services (USRES). They are the operators of the Res.net. In the beginning you may have to do some charity work for them to get a listing. You have to do free BPO's, with as they say about on the average of 15 before you can expect listings. I think this is dependent on the part of the country you are in and also on the number of agents willing to do free work before receiving any listings.

The way I did it was do a free for them, then requested in the comment section of the BPO's, to be considered for the listing. When I did get the listing, I was then required to join Res.net. In essence you can not do any listings unless you are egistered in Res.net.

Paul,

How many freebies did you do and over what time period before they threw you a bone? Just wondering cause 15 BPO's for free is like paying them $750 in my mind and then they want $250 for the membership plus your time and gas. That's well over a grand investment for 2 listings? Did those listings sell? I guess I'm having a hard time grasping the benefit of this versus other lead generating and marketing strategies.

Matt,

No the rest of the story. I too had the same questions, so when I did get a listing I bargains with them for free membership for 6 months. They agreed! I have just had the 1st listing for about 1 month. I got the 2nd yesterday. Like I said before, the amount of free work depends on where you are in the country and who will do free work. I think I have done about 6-7 freebies.

OCT

2008

Core Logic www.corelogicappraisal.com The website to enter a BPO is www.vss20.com.

Their website has all sorts of problems. It loses saved information. They lost an entire BPO and said I had to repost it (not re-enter it, just repost it). I tried and it was not there to repost. Then they sent an email that because it was late, they were withdrawing it and not paying. The problem was their software. DON'T DEAL WITH THEM.

Core Logic www.corelogicappraisal.com The website to enter a BPO is www.vss20.com.

NOV

2008

Thanks for the comments. This blog save alot of time and $. I hope I can return the information good bad or indifferent soon!

Pat McMullin/Wecihert Realtors SLC, UT

NOV

2008

EVALUATION SOLUTIONS DON'T PAY. I HAVE A FRIEND IN WEST COVINA, CALIFORNIA WHO DID BPO'S FOR THEM LAST YEAR AND HE HAS NOT RECEIVED ANY PAYMNET FROM THEM. I KNOW A BPO COORDINATOR WHO WORKED FOR THEM RECENTLY AND LEFT THEM BECAUSE SHE CAN'T STAND THE PRESSURE FROM AGENTS HOUNDING HER ABOUT THEIR PAYMENTS. B E W A R E !!!!

NOV

2008

I will give you a list Tiffany, or anyone else who wants it. I think I have over 100 companies including clear capital. theres enough business out there for everyone.

email me.

Robbyn@thevaughngrouphomes.com

DEC

this is the first time I have visited your website....I have found it to be most informative!!!! Lots of good info. I am currently signing up for BPO's and REO's since that seems to be where most of the "action" is taking place.....I'll be coming back to visit, soon!

DEC

i have been paid by evaluation solutions and find them easy to deal with at this time... in response to the post 3 back.

DEC

Question, I do BPO's using FMLS data. the companies want DOM on active listing comps. I must have listing dates / # of days on market for current active listings. My problem is, fmls policy is not to enter this info on active listings to protect the agents listing expiration from being taken advantage of. its only available for sold listings. I'm sure there must be other agents having this problem. Anyone have a remedy?

DEC

Does anyone know how much to charge for the following:

No driving No Photos. Tax info or info from MLS

Exterior inspection/one page form with no value or comparables

Exterior inspections one page form to verify property type

1 comp - Exterior inspections. No subject or comp photos

Exterior inspections. Subject and street photo only. No comp photos

3 comps - Exterior inspection. Subject and street photo only. No comp photos

6 comps - Exterior inspection. Subject and street photo only. No comp photos

3 comps - Interior inspection. Photos of major rooms and/or damage

6 comps - Interior inspection. Photos of major rooms and/or damage

Thank you in advance for your assistance

No driving No Photos. Tax info or info from MLS - No Charge

Exterior inspection/one page form with no value or comparables - $1

Exterior inspections one page form to verify property type - $1

1 comp - Exterior inspections. No subject or comp photos - $1

Exterior inspections. Subject and street photo only. No comp photos _ $2

3 comps - Exterior inspection. Subject and street photo only. No comp photos - $3

6 comps - Exterior inspection. Subject and street photo only. No comp photos - $6

3 comps - Interior inspection. Photos of major rooms and/or damage - $3

6 comps - Interior inspection. Photos of major rooms and/or damage - $6

Hope this helps if not please login and ask your question again.