Home : Blogs : Thomas Moore : REO Listings

Great work by one of my students!!

Here is a great example of what I teach my students and having it work out! He also was cc: on this email so he aslo picked up an extra of his own asset manager leads.

This is an email that was sent from an acutal asset manager at Citi Mortgage about one of our students. She sent this exact email to 16 other asset managers at 8 different companies. Old Republic, Indymac, Equity Pointe, PMH Financial, LandAm, Etc.

She sent this out as a favor because he convinced this asset manager that he was going to get her attention.

This type of email that she sent out is priceless!! Even better,,,, The first time that this student actually contacted this asset manager she turned him down for work. But he kept on working that lead and building a relationship up with this lady. Now shen ended up sending this email right before Thanksgiving and got our student his first big account! She still has not given him any work directly but she is the one to credit for his new Old Republic account!

Hey guys,

Here is an eager agent. Please consider him when assigning properties in his area.

Thanks guys, D***

**I will be out of the office tomorrow**

Happy Thanksgiving

Gobble Gobble

D*** ******

Citi Mortgage/REO Department

(714) 347-4700 office

(949) 862-3165 fax

d******@citmortgage.com (preferred communication)

P.S. Please Include an REO or loan Number with ALL Communications. "The information in this email, and any attachments, may contain confidential information and is intended solely for the attention and use of the named addressee(s). It must not be disclosed to any person(s) without authorization. If you are not the intended recipient, or a person responsible for delivering it to the intended recipient, you are not authorized to, and must not, disclose, copy, distribute, or retain this message or any part of it. If you have received this communication in error, please notify the sender immediately."

Keep up the great work and we can all learn from this students tenacity!!

Professor

Thomas Moore

702-580-0125

www.ReoProfessor.com

Posted by Thomas Moore on 12/28/2008 10:31 PM

Comments (7)

REO in the Training Channel

reo, reo listings, advice, asset managers, bank listings, bank owned, banks, bpo, education

This post has been included in Nevada Information Clark County, NV Information Las Vegas, NV Information
Post is included in group: Short Sales and Forclosures ONLY
Post is included in group: REO REALTORS
Post is included in group: REO
Post is included in group: Foreclosures
Post is included in group: California Short Sales, REO's, and Foreclosures

7 Comments on Great work by one of my students!!

DEC

Hi Thomas, That's very cool. I love it when I get recommended to other lenders.

Indymac Is my absolute favorite right now becasue they are really one of the best to work with. They currently pay 2.5 percent, they are great with the cash for keys, and they are doing most all of the property preservation so you don't have to front a bunch of money.

These company is great to work with

JAN

I found an asset manager that not only handles all the property preservation they also put the utilities in thier name. No out of pocket for REO agent other than sign, lockbox and marketing!! OH yeah, NO BPOs!

Nice work Maria!! Those are the type of Asset Managers that can really make the difference in your business!

APR

An "eager" or hungry agent is typically willing to offer service above & beyond to get the job done. Congrats to your student!

APR

REO Asset Managers are like ICE CREAM, they come in 31 flavors. Just as each lender has their own guidelines each asset manager enforces those guidelines differently because they all have different personalities. Bottom as a sales person you have to develop a relationship with them and get to know them and figure them out. How to best serve them. No short cuts there! Bravo to your student and Bravo to you the teacher/coach! I love to hear these success stories this encourages all of us and put's great positive energy out there.

APR

Thank you for this encouraging story. I am your student from SM.

Terry Tung

Leave a response…

Name:

Email:
(optional)

Comment:

What does the graphic say?