Remember when we did BPO's for lenders who wanted a second opinion or for lenders who were forclosing?
Since Feb I done a ton of BPO's for a company who commissions them for lenders who are thinking about buying the loan. A prudent idea considering all the bad paper floating around.
I've always made it a point to keep current on inventory & pricing in my area; now I have company who pays me to do my sales research.
Today I got a solicitation for another company who wants the same service. I don't yet know what they pay but I expect it's in line with the other outfit. The companies soliciting me pay about 2/3 of what a BPO once paid but I'm using it to keep current on inventory and area pricing so it works for me.
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