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REOTrans -- Down AGAIN?

By
Real Estate Agent with ARDENT PROPERTIES

For those of you who don't know-- REOTrans has been down more than it has been up in the past week.

Also, for those of you who don't know-- a score card is assigned to you (but you can't see the information on it).  If you ask the people at tech support -- to give you your grade -- They'll give you a dozen reasons why they can't give you your score. Or they will tell you that they can't -- because they don't know what data is used.  But they won't tell you your ontime percentages either.  We can't see it, why?

The way you are graded (one of the ways) -- is based on the timeliness of tasks completed.  If you complete in the green-- you get the most points--- yellow  is less points -- and RED is dead.

I spoke to the "Retention Manger" over there-- and he initially thought that they were going to implement some sort of fix-- so that the scores are not affected for anyone negatively. However, he just emailed me-- and told me that "... Senior Management has decided to do nothing.  Since the scores are based on a comparitive basis-- everyone is affected the same-- and thus it is a wash.

The problem with that -- is some people lost points and went RED...  Others went to the yellow.  Others lost countless hours of work.  So not everyone was affected the same.

REOTrans makes several hundred per deal closed on their fees.  I've got some deals where they are charging a "$300 Technology Fee" ...  However, I can't help but feel like an unwanted child.

Have you tried to get to REOTrans tech support now?  It is designed to filter our (Agent) calls out! 

 Some of my asset managers dislike their system as much as I do-- But they too are tied. 

For those of you who have listings-- Call REOTrans-- Ask them what your "On Time Percentage Is"  -- then ask them how you were "Affected by THEIR system being DOWN constantly".


If I seem a little upset-- I am.  I don't like paying --- being the proverbial "Pissing Boy" -- and not being able to do a thing about it.

-Jason

 

 
Show All Comments Sort:
chantal gakwaya
Coldwell Banker - Orlando, FL

Hi Jason:

 

I have had the same problem. Its seems like they are updating there systems. It has a great platform.

I thought i was the one logging on odd hours.

Feb 22, 2008 12:04 PM
Joel A. Bejarano
INTERO REAL ESTATE SERVICES - San Jose, CA
I know I tryed to sign up like 10 times and averytime it would take me back to the main screen. 
Feb 22, 2008 01:44 PM
DAWN COX
Weichert, Realtors - Wayne, NJ
Broker-Salesperson, REALTOR, ABR, SRES, RELO, e-PR
Do you think the service is really worth it overwhile? I have been a subscriber for over a year and am very disappointed at the return on investment.
Feb 23, 2008 12:03 AM
Stacy Magid
Century 21 New Millennium - Woodbridge, VA
Thankfully I haven't been too affected by the downtime.  The other day one of my AM's told me my score and it was 93%.  Not too bad.    Just wish I could get more REO business out of it.
Feb 23, 2008 11:15 AM
Matthew Boughton
Realty World Pacific Northwest - Longview, WA

The problem has been usage, too many people logging in at the same time and performing multiple tasks.  I believe I had an email saying that they were increasing servers/bandwith etc to help with the problem.

Feb 24, 2008 06:05 AM
Clark Garrison
Taylor 1 INC - Atlanta, GA
"Loan Modifications"
I agree with Matt, the lag time is ridiculous. I'm sure it will get better as the year progresses. 
Feb 24, 2008 02:42 PM
Rita Gibbons
MacDoc Realty LLC - Fredericksburg, VA
The Gibbons Group
Even the asset managers are frustrated with the system!  Fortunately, I wasn't affected by the down-time too much - I was able to log-in late at night and do my work so I wasn't late on any of my tasks  :)
Feb 24, 2008 10:47 PM
Mike Mitchell
Kee Realty - Saint Clair Shores, MI
REALTOR (R)

I called reo trans tech support last week, and they were very helpful and I did not have to wait long at all. The best thing was that I wasn't transferred to a foreign country with someone reading from a script.

Fortunately, I wasn't affected by the down time much either, but I do understand your frustration.

Feb 25, 2008 01:23 AM
Jason Bhattacharya
ARDENT PROPERTIES - Chesterfield, VA

About 60% of the time I call-- I get the message "All our support reps are busy helping other people.  Please try again later".  There is no hold option.  They used to have you leave a message which could take a day or so to get a response... Or you could keep calling back--  and I'd rather hold and wait my turn in line than have to keep calling back-- trying to get someone.

 

-Jason

Feb 25, 2008 01:41 AM
FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
Northern Virginia Homes - FRANKLY REAL ESTATE Inc - Arlington, VA

Jason, help me out here. What is this site?

As a buyer agent I put in an offer for an REO and then I get an email that the listing agent gave them my email and I needed to register in order to offer on this property. Did I get suckered into a spam, or is that how this bank is processing offers?


And then they want to charge 3 cents per zip code to maybe get listings... I'm confused.

 

Frank

May 21, 2008 04:45 PM
Jason Bhattacharya
ARDENT PROPERTIES - Chesterfield, VA

No.  Only listing agents can submit offers.  There is no reason that you should be submitting your own offer to the bank-- when they are listed with an agent.

So if you are being required to pay to sign up and submit your offer-- tell the listing agent that they need to submit the offer.


-Jason

May 22, 2008 01:26 AM
Gail Clements
Coldwell Banker Sea Coast Advantage - Southport, NC
Real Estate Professional for over 25 years

What about those like me that aren't fast on draw.  I have yet to receive an BPO and it has been over 3 months.  What advice would you give?  The fees are small, but I am just about ready to pull out!

Gail

May 22, 2008 11:43 AM
Jason Bhattacharya
ARDENT PROPERTIES - Chesterfield, VA

Gail,

It's hit or miss with REOTrans --- I got my break by being LUCKY.  A MAJOR lender needed someone to do a property--- I got the assignment (back in November) --- but I cultivated the relationship.  Now they are about 85% of my workload. 

I was on there for about a year -- before I got anything-- And I was putting out money each month.

So it's hit or miss-- They might see you -- they might not...

There is no magic pill -- unfortunately.

-Jason

May 22, 2008 01:23 PM
Andrew Monaghan
The Monaghan Group - Glendale, AZ
CRS, GRI, EPro Associate Broker

Time and being a go to person is the way to go especially on reotrans

.        

May 22, 2008 04:39 PM
Eric Egeland
RE/MAX SUBURBAN - Libertyville, IL
SFR, e-PRO, CDPE

Thanks for the post.

It can be tough & unfair. If you keep doing the right things it all works out

Sep 28, 2008 02:27 PM