BPO Question

[GetSmart]

every bpo i have been apart of only takes around 30 minutes to view the property and i assuming agents aren't putting much more time in running comparables. so they aren't really worth their money from a lenders perspective. i would invest 30 bucks for a valuation where i have hundreds of thousands of dollars on the line. that is insane to think someone is going to break their back to give you quality service for a dollars.

bankers are some of the smartest people in the world when it comes down to analyzing numbers but when it comes down to common sense, they are sure to go out of business if they don't change their protocol. a lot of lenders have given up good short sales closings because a bpo agent didn't take their time to do the banks due diligence.

i am not blaming the banks because if the agents aren't happy with the fee paid they really shouldn't accept the job.

this is one of those grey topics. sorry i ranted but i have been dealing with them for awhile and its very frustrating how many deals have slipped through my fingers.

[hyde63]

This is not really a reply but a quetion in itself. Can any one suggest where to start and the begining steps to be in BPO market.

[tomgoral]

If your signed up with a lot of companies it's possible it will keep you constantly busy, but its sort of like a wave, a lot this week, a few next week, and nothing the next.

I was busy with one company for 2 months, did 80+ bpo's with the company, and it sort of slowed down, nothing in the past 2 weeks.

I called in to ask if I angered someone, I was told the orders just slowed down.

[donnalong]

I called in to ask if I angered someone, I was told the orders just slowed down

If that particular bank slows their foreclosure rate for whatever reason then it will suddenly get slow.

[tomgoral]

If that particular bank slows their foreclosure rate for whatever reason then it will suddenly get slow.

Oh I know, I was just responding to the topic question with an example.