BPO Orders Getting Slow!!!

Out here in Virginia, the BPO's keep coming on a steady basis.  In fact, we've become more selective in which firms we do them for, to try and maximize the value of our time.

Very slow lately here as well.  I emailed one of my principal providers inquiring about lack of orders and they said my license had expired and would I fax them a copy of the current one. I think that as we enter the 4th quarter, we will be overwhelmed.  I am signed up with several BPO companies and, at times, have had to refuse orders because of overload.  I do all of my own work.  Hopefully, things will pick up.  I have seen lulls like this in my 8+ years as a BPO provider.  The companies which broadcast orders are not predictable.  I missed one from Clear Capital today (Sat) because I went to a movie.  Expensive flick! I carry a small netbook with an aircard to pick up orders ASAP.

BPO's here have slowed down too for me but I believe it is because there are so many more Realtors doing them in my area.  This was "beneath" them before but now that the market has dropped, they are all getting into it.  Of course, the banks have no loyalty and if other Realtors will do them for less, they use them.

Slowing down here in Belmont County, Ohio too!

Thanks for the post Freddie.

Things are still busy here in Chicagoland....it seems to come in waves, but pretty consistent.

It's getting slow here, too

I need to start doing BPO's, several people in my company are already doing them.

Freddie,

I'm in SW Virginia (Blacksburg) and 30-40 BPO's a week WOW!  I'd be pulling my hair out with that many! Mine come from the 1st of the month to the 15th. After that they all go away for about 2 weeks & then seem to recycle. I have had, however,more interior this last month than ever before but that's about the only trend I've seen.

Freddie

I was going to try to start doing BPOs and even got certified...but there are so many in my area now. And believe it or not, I am really busy with my listings and sales so I'm content to be a "regular"realtor. There is an increasing number of REOs and short sales in my area --- so we are all keeping each other busy. Me as the buyer's agent or short sale listing agent, and the others are sources of information to justify the price.

Good luck, and welcome to Active Rain.

A little slow in my part of NC, but where a very rural area. 

Freddie,

Does this mean the market is solidifying?   I hope so.

The main 2 companies I was doing BPO's for droped their payment amounts from $60- to $35-
so I stopped accepting them. Then, they started calling me direct. I asked when I might get some listings and they said ' different department....'

Try the list at http://www.RegisterREO.com for companied that give out listings.

Freddie - Getting back to a previous post of yours, we haven't done anything with Evaluation Solutions.  We work mainly with First American Residential Value View, Mark to Market, Clear Capital, and Land America.

Things have picked up here in the past month or so... orders are pretty much back to normal.

Hey there,

Banks need Real Estate Agents to help list and sell $600 Billion worth of foreclosures.

Well I am getting my share of the pie! I just bought the BPO and REO Kit here:  http://tinyurl.com/d2tvnk

I thought you might want to give this a try too. Check It Out...

Best of luck ...

I have noticed a slow down in BPO's in my area also. Things should pick up in a few months when the shadow inventory start to hit.. Get ready.

Freddi

Good news..bad news...We love Colorado...great your sis is here....

Thanks for the comment

Gary D for Denver