BPO companies that turn into REO listings

By
Real Estate Agent with Hokanson Realty
http://actvra.in/p7W

Which BPO companies are just BPO mills and which ones actually lead to REO listings?  As I've reviewed several blogs talking about both, let me share a few that I've found lead to REO listings. 

I would love other Active Rainers to add their own experience as to which companies actually lead to REO listings!

Ocwen

Goodman Dean - Pat McCray

Faarv -  Katie Cosner comment

Citibank

Countrywide

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Anonymous
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Anonymous

Wow.  Amazing that this post is stillgetting comments in 2010.  I just started tinkering with BPOs, so this is all great info, and it is interesting to see how the opinions have either evolved, or stayed the same. 

November 08, 2010 03:10 AM #418
Rainer
7,602
Sheila Siegel
California Property Group - Santa Barbara, CA

One company NOT to use is brokerpriceopinion.com.   They do not pay! I do dozens of BPO's week, and this company contacted me, I did 7 orders for them, and now I am fighting to get paid. Their accounting dept says they try to pay in 90 days, but they are now 4 months on these! Hopefully this will save someone out there a headache.

December 20, 2010 10:27 PM #419
Rainer
179,341
Paul Durry
RE/MAX Professionals - Lawton, OK
Broker Associate, CDPE, CIAS, CHMS

They call me from time to time also, but I ignore them. Another company out there to avoid is Evaluation Solutions (run do not walk away from them).

December 21, 2010 10:53 AM #420
Anonymous
Anonymous
Anonymous

Evaluation Solutions is notorious for not paying.

IREPVM OR Secured Lending - I don't work for them no more.

January 10, 2011 04:24 AM #421
Anonymous
Anonymous
Anonymous

Evaluation Solutions is notorious for not paying.

IREPVM OR Secured Lending - I don't work for them no more.

January 10, 2011 04:24 AM #422
Anonymous
Anonymous
Anonymous

Evaluation Solutions is notorious for not paying.

IREPVM OR Secured Lending - I don't work for them no more.

January 10, 2011 04:24 AM #423
Anonymous
Anonymous
Anonymous

IAS for $40 interior  or exterior, they suck your brains out with their QC. It is okay if you get listings out of it, but after doing hundreds of BPO's and getting nothing, I quit as they are tying my time up with countless of QC's my GOD. Not worth it. I have a coworker who got an REO without even doing a single BPO because he was listed in one of the website.

January 10, 2011 04:27 AM #424
Rainer
179,341
Paul Durry
RE/MAX Professionals - Lawton, OK
Broker Associate, CDPE, CIAS, CHMS

I have done work or Secured Lending, and gotten paid, but as for Evaluation Solutions no way!!! I am not receiving listing from IAS, so far I have three.

January 11, 2011 10:15 AM #425
Anonymous
Anonymous
gretatennyson

Hello i like this blog wondrful .

==============

April 16, 2011 06:03 AM #426
Rainer
11,969
Kathrine Henry
RE/MAX Ideal Brokers - Central Point, OR

Great Help.. I agree Evaluation Solutions is terrible! I do several a week for them and have to fight to get paid.  The form is great but the pay is so difficult.  I usually threaten them every couple of months and get a check within a couple weeks after that!!

September 19, 2011 06:12 PM #427
Rainer
210,798
James Loftis
Real Estate 911 Inc - Hollywood, FL
Real Estate 911 Inc

I have done 1000's of bpo's for most of the major bpo mills and very few have ever turned into reo's.

September 22, 2011 05:20 PM #428
Anonymous
Anonymous
Matthew

Do any of you have any experience doing bpos for Equity Pointe?  Do they pay? Do they pay on time? Any information would be much appreciated.  

November 29, 2011 05:41 PM #429
Anonymous
Anonymous
Pam Marzano

This is great info. So thanksful to find a network of people that are willing to help the rest. Hope to be a contributor soon. Tired of the dry spells in between transaction or the challenges sometimes.

 

April 03, 2012 12:31 PM #430
Rainmaker
306,780
Inna Ivchenko
Mannis Real Estate Group - Calabasas, CA
Los Angeles / Valley Homes

I'm very curious that there is no recent posts here.

Do agents do not do bpo any more?

What is your recent experience?

August 17, 2012 11:12 PM #431
Anonymous
Anonymous
Khuloud Akel

Hi my name Khuloud and I am A Real Estate broker in San Diego CA and I like to get Lested in the REO in California I can be rech buy phone or email 619-666-8274-or kayakel@yahoo.com looking forward to hear from you

November 24, 2012 10:15 AM #432
Rainmaker
346,534
Pete X-Investment to Luxury, Huntington Beach, CA -GRI-MCNE 714.459.2017 OCLister.com
X Group Real Estate Advocates - Huntington Beach, CA
Outstanding Agent Referrals-Nationwide
Heard of several agents dropping BPO all together, some told me it is not worth doing anymore.
January 28, 2013 10:55 PM #433
Anonymous
Anonymous
Dolores Golden

2-13-13

California Broker, does anyone get listings from LPS , or just bpo mill ?

 

 

February 13, 2013 03:00 PM #434
Anonymous
Anonymous
Frank Stallworth
We are a team of people having experience in accepting new BPO orders for mainly RRReview and Altisource - Ocwen. Our success ratio is high in accepting new orders. We can provide you free test service for a day or two if you are interested and accept some orders for you. It would cost about $4 per accepted order.You would pay for accepted orders only, If order is canceled later you don't need to pay for it. Let me know if you are interested. Thank you.
January 07, 2014 02:30 AM #435
Anonymous
Anonymous
Zachary Hines
How can you find out what BPO companies work in your area? I was contacted last week by Inside Valuation. Does anyone work with them? How do the pay?
March 01, 2014 09:32 PM #436
Rainmaker
54,605
Kathy Fisher
Parker Properties - Decatur, TX
Realtor Wise County Texas

Zachary, I have worked with them a few times in the past, but they always want me to go further out than my area and only want to pay $35 - $45 for a report. In my case, I am in a very rural area and comps are not always the easiest to find. Its like comparing Apples to PINEAPPLES in my area and they just don't want to pay you for the extra time and travel it takes to complete a report. AND pay is somewhat slow from them.

My best BPO compaines are Clear Capital (www.clearcapital.com) & Core Logic (www.corelogic.com). Emortgagelogic www.emortgagelogic.com) is third favorite to work with.

March 01, 2014 11:19 PM #437
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Rainmaker
175,053

Jared Hokanson

Realtor Southern Oregon
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