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#202195 - 02/12/08 02:40 PM Ok, I'll try again, but I'll go hide again
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
if the mod's try to be to heavy handed.

I told Eval to go take a hike today. Felt good, as they are a problem child company. I've done 20 orders for them but no payment yet. Their QC department is harsh and frankly I don't like to be told how to do my job.

They didn't like one of the comps I used as it was 2 weeks older than they requested. There wasn't any others to use. I went out 3 miles and nothing else to use. When their QC department called they said go out 3 miles, I said I did anf that was mentioned in the report. THen they said 5 miles, I said that was farm land with cows, then they said go out further, I said that would require me to go out 15 miles to the next town and that area is a whole different value. They said then go out further, I said ," can you put that in writing?". No response, just simply , "go out further".

I said that would be skewing the results and I won't do that. They said are you refusing to do it? I said yes. They said, "you won't be paid then". I said, "haven't been paid by you guys yet, maybe I'm doing the right thing by saying nope!

She hung up on me ...........

BTW, I had the higest rating in their system in my county and that's how they treat me ..........

Beware, bad company!

Oh yeah, did 43 BPO's last week
2 more pre-list
2 more actives that went into escrow

Today I got a new REO from Citi, a new company for me, YEAH !!!

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#202203 - 02/12/08 03:08 PM Re: Ok, I'll try again, but I'll go hide again [Re: SLO Broker]
nomba2 Offline
Member

Registered: 02/12/07
Posts: 187
Loc: Illinois
SLO, congrats on the big week last week - something I have been wanting to ask is if there is a system in place to help you get that kind of volume done.

I am near a major city so alot of the orders I take are close together, and I know alot of people and I think you included do alot of driving which probably takes a considerable amount of time. Do you block out time every day to get photos? I was starting to get in a routine, and then I finally got on auto-assign with FA, which threw everything out of whack because now I'm getting "standard five day orders" with a 48 hour deadline. I'm just wondering if you've figure out a schedule that is working for you, along with trying to keep up with and service the REO's. I think I remember from a post before that you do not have a team right? Thanks.

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#202206 - 02/12/08 03:10 PM Re: Ok, I'll try again, but I'll go hide again [Re: nomba2]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
I hired an assistant last week .............

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#202215 - 02/12/08 03:37 PM Re: Ok, I'll try again, but I'll go hide again [Re: SLO Broker]
bLANK mAN Offline
Member

Registered: 05/07/07
Posts: 252
That was a big week? Hahaha.

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#202217 - 02/12/08 03:41 PM Re: Ok, I'll try again, but I'll go hide again [Re: bLANK mAN]
FIJIMAN Offline
Veteran Member

Registered: 12/19/05
Posts: 535
Loc: Orange County, California
I'd take it!

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#202220 - 02/12/08 03:55 PM Re: Ok, I'll try again, but I'll go hide again [Re: FIJIMAN]
King of Internet Offline
Major Contributor

Registered: 01/31/07
Posts: 1807
Loc: Midwest
Hey SLO, do you have a team or is it just you?
If its just you, thats def a solid week.

edit: nevermind, i just saw your other post. still not a bad week at all.


Edited by stlrockinrealtor (02/12/08 03:55 PM)
_________________________
BPO's since 2001, REO since 2006. Equal opportunity lover since 1977.

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#202240 - 02/12/08 04:35 PM Re: Ok, I'll try again, but I'll go hide again [Re: King of Internet]
Always Learning Offline
Member

Registered: 09/05/07
Posts: 148
Loc: CA
I would take a week like that. \:\)

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#202245 - 02/12/08 04:38 PM Re: Ok, I'll try again, but I'll go hide again [Re: Always Learning]
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
 Quote:
That was a big week? Hahaha.


Hey guess what Johnny! Your outta here! Done with that drama bLANK mAN. Best of luck.



Good job SLO. For real! If they knew how to do a BPO better than you and will not take your advice on the proper way to do it then that is wrong. I think you should go up the ladder and complain.

You will be fine. Do not be shy.
_________________________

"Closing Mortgages Since 1999"
Web: Mortgage Loans Message Board Blog

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#202257 - 02/12/08 04:51 PM Re: Ok, I'll try again, but I'll go hide again [Re: Greg Phillips]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2813
Loc: X
There is something wrong with me. When I woke up this morning (after 5 hours sleep because I had 12 orders to finish last night) I had 17 open orders. Did 4 before I hit the road to take about 10 sets of pics. While driving all over creation, I have picked up 12 more orders and I am trolling for more.

Add to that, a closing tomorrow, a lunch with a former client also, and 9 new Client Gateways to set up. Then let's talk about buyers. One I HAVE to find a house by Monday (she's shopping via internet and my recommendations from a hotel room in South America), and two sets of showings on Saturday. Not to mention, trying to get a picture of my office on this forum (have to tidy up first).

Stop the madness! I mean WTH?????!!!!!!??????

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#202258 - 02/12/08 04:57 PM Re: Ok, I'll try again, but I'll go hide again [Re: TB in TX]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
I did last week by myself, my assistant started this week working 3 days a week .........

You guys forget, I didn't start sending out BPO applications until last August. This was the 6 month plan and it worked .....

43 BPO's last week
Turned down 13

3 REO's in escrow
1 REO active as of today
3 REO's in pre-list

3 REO companies I'm in with and many more to come

Yeah, a good 6 month plan .............

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#202261 - 02/12/08 05:00 PM Re: Ok, I'll try again, but I'll go hide again [Re: SLO Broker]
ChristieS Offline
Veteran Member

Registered: 11/03/05
Posts: 925
Loc: South West Burbs of Chicago
SLO Broker ...I think that is GREAT...I just decieded that I want to get into the REO side of things after a year of BPO's. Hope I have the sucess you have.
_________________________
Christie

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#202262 - 02/12/08 05:01 PM Re: Ok, I'll try again, but I'll go hide again [Re: SLO Broker]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
BTW, I said this so other newbies can have hope ..........

Mind you I worked 15 hour days 5 days a week and 8 hours each on Saturday and Sunday ........

The hard work is paying off ......


Edited by SLO Broker (02/12/08 05:03 PM)

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#202263 - 02/12/08 05:01 PM Re: Ok, I'll try again, but I'll go hide again [Re: SLO Broker]
BPO 2 REO 4 $$ Offline
Member

Registered: 12/05/07
Posts: 333
Loc: Souther California
Well done SLO. I am about 3 months in and getting around 20 BPO's a week but still waiting on my first REO.

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#202266 - 02/12/08 05:04 PM Re: Ok, I'll try again, but I'll go hide again [Re: Greg Phillips]
Newton Offline
Member

Registered: 04/04/07
Posts: 311
Loc: Ohio, USA


Hey guess what Johnny! Your outta here! Done with that drama bLANK mAN. Best of luck.

Greg, you're kidding right? You're taking all this too seriously. And your constant defense of this one member is sickening. You in love with him or what? Is it the hair?
Personally I find the constant bragging tiring. Can't people have a difference of opinion without you coming in like Barney Fife to the rescue?

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#202268 - 02/12/08 05:07 PM Re: Ok, I'll try again, but I'll go hide again [Re: Newton]
Ben34105 Offline
Ubiquitous Mod
Major Contributor

Registered: 02/25/05
Posts: 2231
Loc: Florida
Good job SLO.

I've been at it 3 years and am still waiting for my first REO. There's so many of them down here I'm not sure I'd want one though.

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#202271 - 02/12/08 05:19 PM Re: Ok, I'll try again, but I'll go hide again [Re: Ben34105]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2813
Loc: X
Newton, maybe I misunderstood, but it sounded like Greg was sending the almighty blankness packing, not defending him.

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#202274 - 02/12/08 05:25 PM Re: Ok, I'll try again, but I'll go hide again [Re: Ben34105]
Always Learning Offline
Member

Registered: 09/05/07
Posts: 148
Loc: CA
I don't think of it as bragging. Up until I went into real estate, I worked in the financial industry and sales numbers are posted throughout the day- it keeps people on track and also spurs friendly competition. My last project mgmt assignment, we were building and implementing a CRM system with better sales and expense tracking for upper mgmt. The common problem across the company- lack of real time knowledge of sales numbers in other areas. My husband is in sales and he is on mandatory sales tracking calls three times a day for his office. I have appreciated the posts about numbers- no one in my local market will talk numbers- at least I see trends elsewhere. I don't track his numbers, but I do take mental note for negotiating with vendors. I wish I was getting the same amount of volume in such a short time- I need to alter my plan!!!


Edited by Always Learning (02/12/08 05:32 PM)

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#202277 - 02/12/08 05:28 PM Re: Ok, I'll try again, but I'll go hide again [Re: Ben34105]
HUDLover Offline
Veteran Member

Registered: 11/20/07
Posts: 1404
Loc: Land of comps and drive by's.....
Oh Geez...

Yeah Greg! I missed Slo! He's my hero and I look up to him.

I just started doing BPO's in Nov, got my first listing in Dec and I still think I'll never get up to your speed. I now have an assistant she starts next week and I'm training my partner on how to do BPO's. That's right, training. I learned and am learning on my own but I am a broker so it's my responsibility.

It's a good business to be in, especially in these times. It's cut throat here and very competitve but still I like much better than regular real estate. I'm busy and my bills are getting paid which makes me very, very happy.
_________________________
Nothing in the world can take
the place of persistence.
Talent will not. Genius will not.
Education will not.
Persistence and determination
alone are omnipotent.

Calvin Coolidge

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#202287 - 02/12/08 05:35 PM Re: Ok, I'll try again, but I'll go hide again [Re: Ben34105]
JulieBee Offline
Member

Registered: 01/16/08
Posts: 25
Loc: CA
SLO, you are my idol!

What I wouldn't give for a week like yours.....but you're right, you give me hope. \:\)

Congrats, man. Take a day off.

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#202290 - 02/12/08 05:39 PM Re: Ok, I'll try again, but I'll go hide again [Re: JulieBee]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
A day off? What is that? I pray for a few hours off .........

Bora Bora will need to wait until this fall but "I'll be back" .......... as our Gov would say .......

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#202292 - 02/12/08 05:41 PM Re: Ok, I'll try again, but I'll go hide again [Re: JulieBee]
Angie 0729 Offline
Major Contributor

Registered: 08/08/04
Posts: 1610
I do weeks like this ALL the time! I am not on here bragging or posting what I do. I know it angers some on here not me...but that is not something I would not post anyways. I don't need to feed my ego here..I just run my business and do it well.

Angie

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#202294 - 02/12/08 05:47 PM Re: Ok, I'll try again, but I'll go hide again [Re: Angie 0729]
Ben34105 Offline
Ubiquitous Mod
Major Contributor

Registered: 02/25/05
Posts: 2231
Loc: Florida
Yes, I look up to SLO too! I have a picture of his avatar framed on my dresser with several votive candles around it. Everyday at noon I face California and bow down to him.

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#202312 - 02/12/08 06:15 PM Re: Ok, I'll try again, but I'll go hide again [Re: Ben34105]
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
20+ complaints against bLANK mAN and me trying to talk to him and him agreeing to change then not doing so.

bLANK mAN is banned.

Newton come on. Is that really what you think? Read your PM. I consider that a personal attack. I will just leave it and remember it is the second time you broke that rule. Unnecessary!

I missed SLO too. I think we fixed the issue. He made some great points and I am glad we got to talk about things rationally. He is a major contributor in so many ways. Many of you are. Just please keep the personal attacks and sexual remarks off the forum. I will not allow it period!

2 rules. Easy. Read the rules again. They were updated last week.

Again good job SLO.

Angie, how have you been?


_________________________

"Closing Mortgages Since 1999"
Web: Mortgage Loans Message Board Blog

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#202317 - 02/12/08 06:25 PM Re: Ok, I'll try again, but I'll go hide again [Re: Greg Phillips]
Angie 0729 Offline
Major Contributor

Registered: 08/08/04
Posts: 1610
I am doing great Greg. How have you been? How was the move back? Hope you are doing good.

Angie

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#202320 - 02/12/08 06:34 PM Re: Ok, I'll try again, but I'll go hide again [Re: Angie 0729]
NKY & Cincy REO Offline
Member

Registered: 12/10/07
Posts: 31
Loc: Kentucky and Ohio
It absolutely amazes me you guys get that many orders in a week. I'm lucky if I get 30 or 40 orders a month. I'd love to be that busy!

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#202322 - 02/12/08 06:40 PM Re: Ok, I'll try again, but I'll go hide again [Re: NKY & Cincy REO]
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
November and December were a little slow but things really have picked up now. It is a mix of purchases and refinances. I am waiting for BPO's to get done on 2 loans. How ironic.

NKY I am sure SLO will give you some pointers if you ask him to. He likes sharing. Ask him if you can be his grasshopper.
_________________________

"Closing Mortgages Since 1999"
Web: Mortgage Loans Message Board Blog

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#202340 - 02/12/08 07:12 PM Re: Ok, I'll try again, but I'll go hide again [Re: Greg Phillips]
HUDLover Offline
Veteran Member

Registered: 11/20/07
Posts: 1404
Loc: Land of comps and drive by's.....
Slo is taking more grasshoppers?!?
<line starts behind me>
_________________________
Nothing in the world can take
the place of persistence.
Talent will not. Genius will not.
Education will not.
Persistence and determination
alone are omnipotent.

Calvin Coolidge

Top
#202354 - 02/12/08 08:06 PM Re: Ok, I'll try again, but I'll go hide again [Re: HUDLover]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
Ben,

You may kiss my hand and touch the heam of my garment ...... HA HA

A little bit of groveling and praying in my shadow wouldn't hurt either .......... HA HA

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#202358 - 02/12/08 08:17 PM Re: Ok, I'll try again, but I'll go hide again [Re: SLO Broker]
Focus Offline
Member

Registered: 03/05/07
Posts: 147
Loc: USA
Slo I am learning about BPO's. How many companies did you apply to? Did you follow up with phone calls? I just signed up as a loss mitigation consultant with Titanium.

Thanks
Grasshopper :-)

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#202360 - 02/12/08 08:22 PM Re: Ok, I'll try again, but I'll go hide again [Re: Focus]
UpNorthGal Offline
Veteran Member

Registered: 01/06/08
Posts: 664
Loc: MN
To sorta answer you question above that you directed at SLO,I have signed up with hundreds of companies,some I know I never got accepted to and most I am but have never seen work or its been awhile.The top ones I really wanted to get in to I did a follow up email.Others I have called to make sure they "received my app ok".But recently I sent out a "Did you forget about me?:(" email,and it paid off 4 new listings and its only Tuesday!

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#202368 - 02/12/08 08:31 PM Re: Ok, I'll try again, but I'll go hide again [Re: UpNorthGal]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
Good for you gopher girl ...........

Signing with Titanium is a waste of time and money .........

I signed up with about 30 companies but after six months most of my orders come from 8 companies with a few from others no & then .........

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#202406 - 02/12/08 10:14 PM Re: Ok, I'll try again, but I'll go hide again [Re: SLO Broker]
Focus Offline
Member

Registered: 03/05/07
Posts: 147
Loc: USA
Appreciate the information

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#202426 - 02/12/08 11:09 PM Re: Ok, I'll try again, but I'll go hide again [Re: Focus]
Cali Broker Offline
Veteran Member

Registered: 11/08/07
Posts: 679
Loc: Los Angeles County
SLO,

Way to hand it to Evaluation Solutions. They only owe me for one order and frankly that's enough. I simply get paid within 45 days by my other companies without fail and without calling and harrassing them. We just don't need Evaluation Solutions.

FWIW I always put in the companies full name for search engine purposes. Dang I hate when that happens! Evaluation Solutions just does not pay agents for work. If I were a bank I'd find another real valuation company that has good agents that get paid. Us good agents that actually do REOs just don't put up with this krap.

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#202429 - 02/12/08 11:11 PM Re: Ok, I'll try again, but I'll go hide again [Re: UpNorthGal]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2813
Loc: X
Zoom, did you research Titanium on this forum? I'm just saying....

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#202630 - 02/13/08 12:56 PM Re: Ok, I'll try again, but I'll go hide again [Re: Newton]
PacificBreeze Offline
Member

Registered: 07/22/07
Posts: 482
Loc: CA
Quite frankly Newton, I find SLO's bragging as "INSPIRING"! Keep up the good work SLO... and Congrats on an AWESOME week! When I get exhausted, I will think of you to keep me going! ;\)

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#202631 - 02/13/08 01:01 PM Re: Ok, I'll try again, but I'll go hide again [Re: UpNorthGal]
NKY & Cincy REO Offline
Member

Registered: 12/10/07
Posts: 31
Loc: Kentucky and Ohio
SLO,

You are the all mighty! I am amazed by your plethora of wisdom! You are a real estate GOD! I kneel before you and kiss your hand praying for the chance to be your grasshopper.

(How's that for groveling? Need more?)

In all seriousness, I've never asked anyone for any contacts. Every contact I've made and every site I've registered on is through my own research, just like many of you here have done. All the BPO's I get are from two companies. Everyone once in a while I'll pick something up from a few others, but it's very far and between. I track my BPO's to see which ones have been listed with other agents and what they sold for compared to my opinion. I call some companies once a month and ask for work just to stay in their ear. Everything I do is turned in on time and my values are realistic. Obviously I must be missing something. What is it?

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#202655 - 02/13/08 03:11 PM Re: Ok, I'll try again, but I'll go hide again [Re: NKY & Cincy REO]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
Yes more !!!

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