Special offer

My All-Time List of the Top 5 BPO Mills With the Most Volume of BPO Orders by Nicole Ocean

By
Real Estate Technology with BPO Automation Group & BPO University

BPO University's 'BPO Inner Circle'

 Here is a list of the Top 5 BPO Mills:

 1. CoreLogic (formerly known as FARVV)

 2. LSI/LPS

 3. Clear Capital

 4. eMortgage Logic

 5. Mark to Market

(Notable mention goes to Proteck. They are also a heavy hitter in the industry, with a fairly consistent high volume of work available).

These are the heaviest hitters in the industry that are BPO Mills, thus they only directly offer BPO work to real estate professionals and not REO listings. I complied this information after much prompting from our clients. I also want to point out that I have spent numerous hours researching and used various credible sources to establish the information that I provided above. One of the sources is the 'Usage Stats' which is provided for free within the BPO Automation Group's AutoAccepter2 software.

Keep in mind that most of these companies are still accepting new agents. You should also know that each company listed above uses various methods to assign BPO orders through their system. Some broadcast them to the masses after giving their 'Preferred Status' agents first opportunity, while others assign them directly to an individual agent based on the agents vendor rating, length of time with the BPO Mill as well as other key factors.

Please note: if you are not signed up or already working with all of these companies, I'd like to prompt you to take time to sign up with them immediately.

Image - Divider

About BPO University:The BPO University is the very first accredited school where all real estate professionals in Washington state can take clock hour approved courses on Broker Price Opinions as well as on how to use automation software within their BPO and REO business. The BPO University's 'BPO Inner Circle' coaching program offers students a virtual learning environment that is almost entirely self-serve. Students are in direct control and choose when, where, how and what methods they want to learn more about the BPO industry. Learn More »

BPO Automation

BPO University

Agent Newswire

BPO Companies

 

 

 

 

Image - Divider
 


BPO University P.O. Box 382, Ferndale, WA 98248
Telephone: (360) 224-6988 | E-mail:
info@bpo-university.com

COPYRIGHT 2009-2011. BPO University & NICOLE OCEAN. ALL RIGHTS RESERVED.

Comments(8)

James Loftis
RealEstate911.com - West Palm Beach, FL
RealEstate911.com

Clear Capital is my favorite Bpo Mill.

Apr 02, 2011 01:33 PM
Doug Rogers
RE/MAX Coastal Properties - Destin, FL
Your Real Estate Resource!

Clear Capital knows how to pay agents in a timely manner. They are the only mill I work with.

Apr 02, 2011 01:53 PM
David Spencer
Keller Williams Northland - Kansas City, MO
Show Me real estate in Kansas City

I receive over a dozen BPO's per week and have never heard of BPO University.

Apr 02, 2011 02:33 PM
Nicole Ocean
BPO Automation Group & BPO University - Miami, FL
"Your BPO Coach"

Thanks for your comments! James and Doug I agree 100% with you, Clear Capital is my absolute favorite BPO mill!

David, BPO University is an accredited real estate school in Washington state that offers both accredited and non-accredited courses strictly on BPO's. Simply do a Google keyword search to learn more, thanks for asking!

Warmly,

Nicole Ocean

Certified Real Estate Instructor

Founder of BPO University & Co-founder of BPO Automation Group

Apr 02, 2011 03:13 PM
Lorin Marsolo
RE/MAX Around Atlanta - Johns Creek, GA
"Opening the Finest Doors in Atlanta!"

I would love to earn extra income doing BPOs.  I spent some considerable time registering at dozens of BPO companies about a year ago.  I applied at all the top companies that people recommended. To date, I have not had a single opportunity to do a BPO.  Only one company, UTLS, contacts me with BPO offers.  Even if I respond immediately, the second the email arrives in my Inbox, I am taken to a page that says another agent has already accepted the job.  I have never been contacted by any of the other BPO companies I applied to. Can anyone share what you did to get the BPO companies to offer you jobs? 

Apr 09, 2011 05:58 AM
Nicole Ocean
BPO Automation Group & BPO University - Miami, FL
"Your BPO Coach"

Lorin, thanks for your reply and comment! After reading your reply I couldn't help but wonder where you are located. Then I looked at your signature line of your Activerain account and saw that you service the Atlanta area.

This is one of your issues. You service an area where there are lots of competition. Many people that got into the business 4-5 years ago or further back have a big lock down over many companies because they have been with them longer and many have achieved preferred status, thus they get orders assigned to them directly. Most times these 'Senior' agents and brokers have more work than they know what to do with.

So, newer agents need to know that it is going to be much harder for them to break into the business now. I know that is a hard pill to swallow or difficult to hear, but I have found that it is the truth.

The good news is that there is alway hope and opportunity. If you are willing to go above and beyond what a typical agent or broker does that is trying to gain work as well then you will see results over time.

It sounds like you would be a very good candidate for an AutoAccept software. The software will help you catch more broadcast orders that you are missing out on because someone else gets them before you (for whatever reason). We just released our newest AutoAccept software called Order Central and have a free 14 day trial of it by going to: http://www.bpo-automation.com/ordercentral.html#register

Lastly, you asked if anyone can share with you how to get the companies to offer you work. Companies are not going to bother calling or emailing a newbie when they typically have a full roster of experienced agents that already have a rating with them, so you will need to politely 'bug' them or nudge them with gentle reminders and phone calls. Ask for one chance to prove yourself, tell them you can be their go-to person for any order that no one else wants, or one that is too far out for most agents, etc. You will need to be creative and persistent. Another item you may want to look into is NABPOP's BPO Certification, many companies recognize this and are starting to ask that agents be BPO certified. (EML is one company)

The broadcast companies that have high volumes of BPO work in your area are:

1. EML

2. Mark to Market

3. PCV Murcor

4. Ocwen

5. Proteck

6. Old Republic

7. UTLS

To name but a few companies. Also, I pulled this information out of our stats tool that is within the Order Central software.

Hope this helps and good luck to you,

Nicole Ocean

Apr 09, 2011 01:37 PM
Anonymous
Randy Landis

I have to agree about Clear Capital. I enjoy working for them. The one company I am ready to ditch though is CoreLogic. I am constantly bombarded with Additional Information Requests about exceeding search parameters, even when I fully explain why I had to choose the comps I used. For what they pay, it is fast becoming a minimum wage job. They just can't seem to grasp the true concept of Ruralisms and real estate and they have problems with railways and major highways dividing comps. With true rural, it really doesnt matter. I also like PVC Murcor and Protek.

Aug 01, 2011 12:09 PM
#7
David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Thanks for sharing - off to sign up - better late than never!! Dave

Mar 07, 2012 02:33 AM