On 2/15/08 I wrote about going crazy signing up with BPO companies in hopes of getting any listings.

Read it here: http://activerain.com/blogsview/381206/BPO-stir-Crazy

on 3/18/08 I wrote my experiences doing my first BPO's...basically, I jumped in the pool and learned how to swim.

Read it here: http://activerain.com/blogsview/413473/BPO-Learning-Curve

Today on 7/16/08, I have my listing... http://activerain.com/blogsview/596268/New-listing-Walnut-Creek

My point?

Do BPO's like you mean it; the rewards will come, I guarantee! You are the eyes and ears of the market place for the lenders so do your best work.

 

 
Post is included in group: Keller Williams 'Rainers
Post is included in group: California Short Sales, REO's, and Foreclosures
Post is included in group: REO REALTORS
Post is included in group: California Loan Modifications, Short Sales, & REOs

47 Comments on REO assignments

20 Most Recent Comments Displayed Show All

SEP
28
2008
176,349 Points Localism Sponsor

Congrats on the listing & thanks for the post.

Hard work does pay off...keep it up.

2:55pm • #30
NOV
20
2008

Anthony- I agree listings is where most agents want to be. However, I don't think selling a lead system as a comment was necessary because posted a blog about doing BPO's. Thanks for your comment, but next time, please comment something constructive.

9:55pm • #31
NOV
21
2008
4 Featured Posts

Congratulations!  I have just started on the BPO and REO path and can't wait until I get the first listing!!!

9:01am • #32

Lesley-That's awesome! Do great work and be patient!

11:28am • #33
JAN
04
2009

BPO IS OKAY JUST TO MAKE SOME MONEY FOR GAS BUT IF YOUR INTENTION IS TO GET REO LISTINGS FORGET IT. I HAVE DONE ABOUT 1000 BPO SOME FOR BPO MILLS AND SOME FOR ASSET MANAGERS BUT NADA, NONE, NO REO. WE ARE JUST BPO SLAVES. BPO SLAVES NO REO. WE ARE BEING TAKEN ADVANTAGE OF BY THESE ASSET MANAGERS BUT THE REALITY IS THE % OF YOU GETTING REO IS NIL OR 0%. DO SOME OTHER PRODUCTIVE THINGS LIKE GET MORE BUYERS, FARM YOUR SPHERE, DO MORE INTERNET ADVERTISING. THE AMOUNT OF ENERGY YOU SPEND IN DOING BPO'S ARE NOT WORTH IT. BELIEVE ME. 

12:58pm • #34

Sounds like the entry above doesn't use or no how to operate systems. Bpo's are worth it if you can set up a effective operation.

2:20pm • #35
311,656 Points 2 Featured Posts

Congratulations, but as the person that didn't leave his name talks about its not just doing BPO's but Doing BPO's from companies that also do REO's

 

2:37pm • #36
JAN
12
2009

No name poster- My feeling is that, during the housing bubble, agents got complacent and wrote deals that were fairly easy. Nowadays, when agents have to go and work hard for their money, they complain. Heck, I know lots of agents that we out of business because of this hard work. If you do traditional work, it's should still be work. I do BPO and REO work, it's hard work and it's rewarding to see it pay off.

Thomas - I agree, there are certain protocols I go through when doing BPO's. It makes my work more efficient.

Andrew- I do BPO's for REO's as well as for BPO mills. The BPO mills keeps me sharp in the market place.

12:48pm • #37
MAR
24
2009

Eric,

Are you compensated for doing this advertisement?

12:19pm • #38

Hey Eric,

Please stop advertising your thing BPO/REO kit whatever. It does not help anybody. You can get all the info here in Activerain for free. Why spend that money which is already equivalent to one interior BPO order. Stop plugging your ads Eric all over the place. You are not helping anyone but your own purpose of making money out of the Realtor's money. Do something better Eric. I don't even think you are a Realtor.

1:01pm • #39
APR
21
2009

I wanted to share this free list of REO asset managers and there website information that I got.  I signed up with just about every one of them.  Now in less than three months I have plenty of BPO's and two REO listings, one of which is already in contract.  Just do what ever you can to get started and be patient.  Good luck.



Company



Link

Accredited

http://www.accredhome.com/

Assetlink

http://www.assetlinklp.com/

Atlas 

http://www.atlasreo.com/index.html

Aurora

www.res.net

AVM

http://www.assetval.com/

Badisso

http://badisso.com/

Bankers Assest Management

http://www.bankersassetmanagement.com/

Bank of America

http://reointelligence.com/uploads/bank_of_america.pdf

Bayview

http://www.bayviewfinancial.com/

Brighton Real Estate

www.brightonreo.com

CalReo

www.calreo.com

(CMS) Carrington

www.carringtonms.com

Chrisley

http://www.chrisleyam.com/

Citi Financial

https://oms.citiresidentiallend.com/oms/jsp/login.jsp

Countrywide

http://my.countrywide.com/BizPartners.aspx

Electronic Mortgage Corp. (EMC)

https://www.emcmortgagecorp.com/EMCMORTGAGE/

Equity Pointe

http://www.equitypointe.com/

ETC REO

http://www.etcreo.com/

Executive

http://www.executiveam.com/general/registration.cfm?ContentItemID=Registration

Fannie Mae

https://www.efanniemae.com/is/npdcvendors/index.jsp

Fidelity (LPS)

http://www.fidelityasap.com/registration.aspx

First American

http://www.firstamreo.com/application.asp

First Preston

http://www.firstpreston.com/re_broker_registration.asp

AHMSI (First Option)

https://ahmsi3.com/servicing/home.asp

406 Partners

www.406partners.com

GMAC

REOTRANS.COM

Green River Capital

http://www.riocentral.com/prospectivebroker.aspx

Group Financial

http://www.grpcapital.com/contact/index.html

Goodman Dean

http://www.goodmandean.com/

HSBC

http://www.reotrans.com

Home Eq

http://www.homeq.com/reo/reoProperties.do

Integrated Asset Services IAS

http://www.iasreo.com/workwithus.aspx

Indymac

http://reo.indymacbank.com/reo.ext/presentation/BrokerApplication.aspx

Land America

http://www.lendersreo.com/application.aspx

Lighthouse Real Estate Solutions

https://extranet.lrescorp.com/vreg/index.cfm

Litton Loan Servicing

https://www.littonreo.com/litton/DesktopDefault.aspx

Loan Servicing Solutions (LSS)

14

Keystone

https://www.keystonebest.com/agent_login/agent_login.asp

MDWEBB

http://www.mdwebbinc.com/contactUs.aspx

Nationstar Mortgage

https://www.nationstarmtg.com/Realtors/RealtorApplication_Step1.aspx

Metro Pacific REO

http://www.depotpoint.com/news/?p=126

National City

http://www.nationalcitymortgage.com/

Nations Reo

http://www.nationsreo.com/brokers.cfm

National Default NDS

http://www.defaultservicingllc.com/become_broker3.htm

New Vista

http://www.newvistareo.com/app.php

NPR Capital

http://www.nprcapital.com/

NREOB

http://www.nreob.com/Public/Registration/Broker/RegistrationAgreement.aspx

Ocwen

http://www.ocwenbusiness.com/bs_loanservicing_res_bi.cfm

Old Republic

http://www.oldrepublicdefault.com/Default.aspx

Olympus

http://www.olympusasset.com/agent/agentdata.php

Owen REO

http://owenreollc.com/index.asp

Phoenix

http://www.assetonemg.com/Website/coprofile.htm

Premiere Asset Services (PAS)

http://www.pasreo.com

PMH Financial

http://www.pmhfinancial.com/Registration.htm

PNC

http://www.realtyservices.pnc.com/

Premiere REO 

http://www.premierebpo.com/premweb/Home/ContactUs.aspx

Real Estate Disposition Corp. (REDC)

http://www.redcgroup.com/index.html

Reo Experts

http://www.reoexperts.net

REO World

http://www.reoworld.com/

REO Financial Asset Services

http://www.reofas.com/

Single Source Property Solutions 

https://www.reotrans.com/index.cfm?

SNSC

http://www.snsc.com/ReoPropertiesBroker.aspx

Sun Trust

http://suntrust.res.net/

Tactical REO

https://www.disposolutions.com/clientlogins/dst/default.aspx

US Bank

http://www.usbank.com/

USRES

http://www.usres.com/vendors/real-estate-brokers/

Wachovia

http://reo.wachovia.com/wbreosubscription.aspx

Washington Mutual

http://www.wamuproperties.com/

Wilshire

https://www.wcc.ml.com/Homes.aspx

 

2:26pm • #40
APR
28
2009
JUL
15
2009

I dont' see anyone writing about reodirectpartners.com, therefore I don't know if your comment has any merit at all.

1:52pm • #43
JUL
29
2009

John - I checked out REO DIRECT PARTNERS's website and I cannot validate any information you have posted here. - In addition, I dont even see them on the original list provided here.

Shawn C. IL
8:16am • #44
SEP
02
2009

Good lord I really hate spammers!

To the people I deleted, please post constructive comments, not advertisement or spam. Thanks...

12:36am • #46
NOV
04
2009

HI, THIS IS MY FIRST DAY LOOKING IN TO THE BPO BUSINESS. I HAS BEEN 8 YEAR IN R E. HOW CAN I GET STARTED IN B P O. FOUND ACOMPANYTHAT WANT TO CHARGE 197.3 FEE FOR A LIST.

THANKS

Daniel rodriguez
9:47pm • #47
JAN
31
2010

Ginevra, that's alot of BPO. Did you do it for one year, alone and without the help of a team or these BPO automation softwares? Out of the 5,000 or so BPO did you get any REO listings? Just wondering.

3:18pm • #50
FEB
01
2010
1 Featured Post

Ginerva is a BPO queen. She started out doing them herself and now she has a team of 4 people under her that help. And she's really nice and helpful to boot! Ginevra rocks!

11:01am • #52

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Johnny Huang Insurance and Real Estate Broker

Johnny Huang Insurance and Real Estate Broker

Pleasant Hill, CA

More about me…

Address: 190 N. Wiget Lane #100, Walnut Creek, CA, 94598

Office Phone: (925) 979-5880

Cell Phone: (925) 457-2410

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