Goodman Dean

By
Real Estate Agent with Altera Real Estate

I had posted a couple blogs before wondering if anyone knew how Goodman Dean worked. Not one agent could give me any insight but....I found out myself last Friday. I had been signed up with them for over a month and I had not heard any word if I was going to be included in their data base or any info related to getting a password for their bpo portol. Nobody wanted to give me the insider information. So I shrugged it off as no big deal.

I went to check my email like I normally do a couple of times thru out the day and low and behold a BPO request. Not just any BPO request. A Goodman Dean BPO request. Everything I have heard and read in the "rain" and with the Yahoo group I belong to wasn't clear on how to actually get work from this company. All I wanted to know was if there was a follow up email or phone call. I found out Goodman dean doesn't give you a password until they actually have work (BPO/REO listing) for you. They give the REO listings to the vendors who provide them with quality BPO's. They also stated that they are NOT just a BPO company that the service many different banks. I am under the immpression that this will be a good company to work for. Does anyone know how the reimburse?? Is it in a timely manner?? They said they pay for their BPO's within 14 days. WOW! That's pretty quick compared to several other companies that pay within 30-45 days. Plus it was free to sign up with them!! I like them already!!

I was super excited and I finished the BPO for then in record time!! It was local so I can't brag too much!!

Am I getting excited over nothing?? I do excite easily so forgive me....

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Groups:
REO
The National REO Brokers Association
REO REALTORS
Tags:
bpo
bpo company
san clemente
reo asset manager
reo

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Anonymous #73
Anonymous
Yesi

Does anyone know if Goodman Dean has a minimum or maximum requirement for their coverage area? I am interested in signing up to do work with them and would like to know what others have submitted. Obviously I would like to expand my coverage, but would like to know if they have minimum requirements. Please advise.

September 21, 2011 08:17 PM
Anonymous #74
Anonymous
Wes

I sent them an email a couple of months ago regarding signing up with them. I just got an email today that said "You have been entered into our network of vendors. Please follow the instructions below to log in to our website and complete your application."

 

So I logged on to the website https://portal.goodmandean.com and completed my profile.

My question is, how do I let them know what areas I cover? I cant seem to find anything at the above website to indicate that. Also, how are BPOs captured? Do you just have to be logged in and refreshing the page until something pops up? Are they up for grabs or are the given to agents individually?

 

Thanks for the help!

May 01, 2012 03:34 PM
Anonymous #75
Anonymous
Anonymous

You should have your service areas noted in your application. You should always be on the watchout for new orders. I would not work with company like emortgagelogic where you would almost always be on your computer refreshing your browser to get a $40 or $45 dollar order.

I would rather spend my time and energy and money start farming especially now that inventory is getting low. emortgagelogic is a joke. My advice to you is start farming again and make more money doing what you are supposed to do.

List and sell real estate because that is where the money is.

May 01, 2012 04:42 PM
Anonymous #76
Anonymous
Anonymous

San Francisco Bay area as of now is alive and kicking. It is typical now to get multiple offers on a listing. I have several pool of qualified pre-approved buyers but we are having a hard time getting a house. Let's hope that the banks don't flood the market again with REO's. Little by little the market value is bottoming out and soon values will be gaining ground and go up as long as the banks don't flood the market with REO's. If this continues, we will be seeing a lot of regular sales coming up on the market.

For agents just trying to get on BPO/REO market, spend your money in marketing getting listing as you will be making more money what you do best.

May 01, 2012 05:10 PM
Anonymous #77
Anonymous
LeAndra Shepherd

I have worked with GD for awhile now, Very professional, and easy to get an answer when you need it. Make sure you have a good solid list of contractor/vendors for repairs and such - that do quality work and can provide the necessary state licensing and insurances needed for contractors.  They reimburse promptly, list homes competitively, and are very responsive and professional in dealing with agents and offers.  Good Luck.

July 08, 2012 05:18 PM
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Rainer
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Stacie Cunningham

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Additional Information

I love to blog about all my funny REO situations. I also like to blog about the best water front city in Orange County. The lazy little beach town I like to call home. San Clemente.