Paying vs. Non-Paying BPO's

[Memphis]

I would like to start a thread with the main point in keeping fellow agents informed with who in the industry pays and who does not. By "pay" I mean, in your experience, which companies pay timely.




I'll start with what I know and not with what I have "heard".


GOOD LIST:

GreenLink
LandAmerica (slow sometimes, but pay for BPO's)
LandAmerica ----- will NEVER list an REO with them again!!!!!! They are horrible!!!!!!!!
Pro-Teck
OCWEN - slow, but I seem to get checks. (considering not doing any more REO's with them, though.

[realestateman1]

hmmmmm ocwen is good , i dont do bpo's for them anymore.but the listings are good. but i stay away from the VA'S for me they are not worth the time........BAD w m realty you need a collection agency to get your money.preimer bpo go get your bat....LOL.

[Raving Realtor]

PVCMurcor is good. I did about 20 BPOs last year, only one stiffed me, forget the name, it was of course the hardest one, the farthest away though.....there are some scumbags out there, no doubt.

[Portland Real Estate Guy]

I would add clear capital to that list. Very good company.

[REOagent]

Be carefull with FAS - they charge $200 per year, plus they want you to pay REsnet $250 per year, and their AM's are terrible.

W-Mgroup.com they don't pay.

[TrophyHomes]

ReoAgent - When I click on your free list of BPO companies my avast antiviris goes crazy. Something with your javascript.

[Jackie]

First American pays excellent. I usually have my money by the 10th or 11th of the following month. Never once had a problem.. Get paid $175--$200 per BPO, exterior only.