fannie mae: BPO's for Law Firms & Servicers
- 11/14/22 11:08 AM
Broker Price Opinions ("BPO's") are making a strong come back due to the change in market conditions. Many servicing companies, 3rd parties that service mortgages for the note holders, maintain values for their portfolios by running an Automated Value Model ("AVM") algorithm or ordering a BPO directly from an agent. BPO's are considered a soft appraisal and are normally conducted by a licensed real estate agent or broker. Servicers order valuations of one type or another for the basis of maintaining portfolio valuation for their clients on a quarterly basis. As a market dips, like the market we are experiencing now, … (0 comments)
fannie mae: Earn by BPOs & Receive REOs
- 11/09/22 11:36 AM
Here we are again. Twelve years after the bottom in 2010 the market has reached a peak in 2022 earlier this year. It was bound to happen since cyclical markets have peaks and valleys. What is to follow is not what most agents want to happen and unless you have banked enough for the bad times it is time to start playing in the down market. There are over a hundred companies that regularly order Broker Price Opinions ("BPOs") and thousands of companies that assign Real Estate Owned ("REO") properties to agents nationwide. The number one question I get at conferences … (1 comments)
fannie mae: Offer management software for free
- 11/24/10 01:36 AM
OfferRunway software is now free to every agent and broker on Active Rain. Why have your offers emailed, faxed or hand delivered without an automatic confirmation and full access from anywhere a web connection can be made. This is a MLS integrated system and Department of Real Estate compliant. Unlike Fannie Mae’s Homepath system, you are in control of your offers whether it is a traditional, short sale, REO or auction sale. OfferRunway also makes you and your broker fully compliant with the department of Real Estate by maintaining your offer data for as long as you like. Never be without … (7 comments)
fannie mae: Fannie Mae & Freddie Mac listing agent click to submit
- 07/11/10 07:12 AM
REO agents have many tasks starting with the email received from the asset company stating a new REO has been assigned to you. This is where many agents and brokers start making their first mistake and continue the same process of time wasting procedures. This article may be controversial or just downright foreign to those that are obtuse to the subject at hand and to those that are running high profile high volume accounts, will simply concur. If any reader of this article does not want to know how to save time in your real estate business, then I suggest closing this blog and go back … (2 comments)
Broker Price Opinions ("BPO's") are making a strong come back due to the change in market conditions. Many servicing companies, 3rd parties that service mortgages for the note holders, maintain values for their portfolios by running an Automated Value Model ("AVM") algorithm or ordering a BPO directly from an agent. BPO's are considered a soft appraisal and are normally conducted by a licensed real estate agent or broker. Servicers order valuations of one type or another for the basis of maintaining portfolio valuation for their clients on a quarterly basis. As a market dips, like the market we are experiencing now, … (0 comments)
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