How do you get your BPO's?  Do you apply for them?  Is there a website?

Debi~There are hundreds of websites and it is time consuming but necessary. So get to typing!! I say 2 companies a day. You might want to take a class from kim class or NABPOP and they will give you a list also.

Hi Stacie--great post!  Always right on on the dot with your advice, thanks for sharing.

Good post. Nice competitive spirit.

Debi,

You can find a very good free quality BPO list at:

Real Estate BPO

Great information, thanks for the post.

http://www.agentbrokerforum.com

Nice post stacie and good points that you make. There are great list all over the web just search and you will find =)  http://www.BPOaccess.com is your first clue

I've been an avid reader of active rain for some time and finally signed up!  I got a pretty good BPO book from a website the other day that talked a lot about agent ratings and what to do to get the best ratings.  The info seems good and it has a long list.  The website also sells a book about field inspections which I also got.  I've signed up with 3 or 4 of the field inspection companies and have gotten a lot of orders.  The website is www.stepbystepbpo.com

I didn't realize that...yikes...

Since ive done about 50 bpos im going to put my 2 cents worth in.

First- never take a bpo before asking about their pay arrangement. They have no problem

waitng 2 months before sending payment and if you have just 1 error on your profile they will not process the ck.

And they won't even tell you about it.

Always ask if they do reo's as well, tell them you'll need to be "considered" there as well.

And finally... spend that dollar for the lotto ticket, win the big one, get out of this hore biz and don't forget your newest friend Kenny from Alabama!

Stacie,

I sent you a personal email with a few question.  Hope to chat with you soon . Thanks

You BETTER BELIEVE you're getting graded!!

The company I work for don't necessarily give you a "grade" like some others do.

They deal strickly on the strength of your ability to do a good quality job.

Follow specific instructions & meet their deadlines.  They shout over cubicles "anybody worked with Agent Jane Doe?" 

Agents will not get used if another AM has had a bad experience. You might get that one & they wade through it with you just to close, but afterwards, you'll wonder why you don't get any more listings because you've unknowingly been put on the DO NOT USE LIST.

Most coordinators/AM's look for agents w/in 20 miles of property. If your're closest, you WIN! But if you botch it up, they'll just pic the next closest agent & steer far far away from you.

Go over board, and they'll bless you bountifully with listings!

Thanks for the info. I agree, some of these companies are so strict and have mystery guidelines that they won't publish, but expect you to know. Experience is sometimes the best teacher.

Having been "on the other side" of REOs, I know we always had a vendor management system to help us track agent's performance in an area.  We tracked a variety of statistics and it was used as a filter system.  I think this is even more common if you are handling an REO for an REO Asset Management company rather than direct from the actual seller.

When I was "on the other side" as a Senior Asset Manager, what I saw  was this....Do your job, know your market, work hard for the seller, turn in your paperwork and your grade will be fine and you will continue to receive new listings. 

Stacy, thanks for the reminder to do our very best!

Thanks for the post Stacie & thank you to everyone sharing some feedback....I would love to find out what my score is

I just completed my first BPO for First American Residential on Monday, but the QC review didn't give me anything close to an A.  The turned out to be an over-sized, new construction colonial in a neighborhood of 1950's ramblers, so I had to go rather far away for my comps.  That got my reported dinged by the electronic review system, so off to manual review it goes.  Hopefully, the human reviewer will understand the comments that I included to explain the situation.

My next one will be an A... I hope!

Great post Stacie, this is good information to know when we are getting the BPO's.

All very good information.  Paul has a great rating, but still has not recieved any listings from doing BPO's

You forgot to mention the National Valuation Standards Institute. They are a trade organization that represents agents and brokers who provide BPOs. If you want to keep BPOs legal and legitimate I suggest becoming a member. They lobby to all of the different real estate departments and state legislatures.

I have Googled ths site. Somewhere in CA nd they do not have any info online about their course. Is this another ripoff?  Lots of "fly by nights" trying to get Realtors $.

I guess the legit institute is 5 Star Institute or NRBA. There are a lot of organizations who are trying to dig into poor Realtor's pockets because they know we are vulnerable right now. This applies to all newbie's who want to break into BPO's. All info's are in this site. Just spend time to research and you will get all the answer to your questions. Be careful about people plugging in their products or companies so you will buy what they are selling.

It is an education just reading the posts.  Wow!  Thanks to everyone who commented!