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#202202 - 02/12/08 03:07 PM declining BPOs
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
If you get a BPO you don't want, for whatever reason, is it better to officially decline it, or let it get reassigned without responding? I know that some of the BPO companies downgrade your rating if you decline orders, but is not responding to them any better or worse?

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#202210 - 02/12/08 03:14 PM Re: declining BPOs [Re: shana]
ColoBroker Offline
Major Contributor

Registered: 11/03/07
Posts: 2335
Loc: Northern Colorado
I can't say what is best. I've never let one go unanswered if its the auto assign from a company. I've declined quite a few lately because I've already done a BPO on that property. I would think ignoring the assignment would be worse on a rating because it will seem like you don't care.
_________________________


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#202211 - 02/12/08 03:18 PM Re: declining BPOs [Re: ColoBroker]
DeanaW Offline
Member

Registered: 01/09/08
Posts: 340
Loc: Colorado
I agree that ignoring it is not a good thing to do & I would imagine that it will lower your rating with a company. I don't decline many, but when I do I always do so immediately that way they can re-assign it & then I also ask them if it will affect my account negatively. I have never been told yes, & I continue to get plenty of orders to keep me very busy.

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#202235 - 02/12/08 04:28 PM Re: declining BPOs [Re: DeanaW]
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
Have you ever tried to counter-offer at a higher price? I have read in here that it sometimes works.
_________________________

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

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#202250 - 02/12/08 04:42 PM Re: declining BPOs [Re: Greg Phillips]
BPO 2 REO 4 $$ Offline
Member

Registered: 12/05/07
Posts: 333
Loc: Souther California
Greg I sometimes do it with EML. They will usually pay me $10-$20 more.

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#202253 - 02/12/08 04:44 PM Re: declining BPOs [Re: BPO 2 REO 4 $$]
BPO 2 REO 4 $$ Offline
Member

Registered: 12/05/07
Posts: 333
Loc: Souther California
BTW don't do it too much because they will just end up telling you not to take orders that you think are not enough $.

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#202291 - 02/12/08 05:39 PM Re: declining BPOs [Re: BPO 2 REO 4 $$]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1753
Loc: Central New York
I requested, and got, more money on two assignments today, turning down one that was too far for the money. I justified my request to the two different companies on the basis of distance and difficulty of research. I had just completed a BPO in the same territory for yet a third company, and it took me about half a day to do the research, not to mention the drive time. I think asking for more money in such a situation is totally justified.

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#202375 - 02/12/08 08:49 PM Re: declining BPOs [Re: neudot]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
Ok grasshoppers, here is your lession for tonight. At first I grabbed anything but now I have so many offers I pick and choose. I've started to look at the order, see where the darn subject is at and then figure in my mind is there a problem getting comps for this order. I then look at my current order list and see if I have time to get it done within the required time, then I look at the compensation. After checking out all three of these factors I make a choice to do it or decline it. Now here is the little gem for you to hang on to. Never decline an order for low pay only, there may be times when it's slow and that low pay might look good. I always tell them I'm to busy with the orders I have in que from several companies. If I accept their order I'll need to push back someone elses order and that wouldn't be fair especially seeing the order in que is paying more. By telling them this you are communication to them that your in demand, why? Because you do a good job. This makes them want you even more. I then tell them I could accept the order but either I need more money so it's worth me working above and beyond my current 15 hour day or they need to give me more time to complete the order. Now you've given them a choice, usually they will pay more but then again if they extend the deadline you now have an order that is easy to schedule with the rest of your orders in que.

Ok now, everyone face California and bow ..........

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#202380 - 02/12/08 08:54 PM Re: declining BPOs [Re: SLO Broker]
Gulf Winds Offline
REO Slave
Major Contributor

Registered: 02/04/06
Posts: 1715
Loc: USA
^^^ Very good response ^^^
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut

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#202381 - 02/12/08 09:00 PM Re: declining BPOs [Re: Gulf Winds]
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
I just did. But not all the way. My back popped.
_________________________

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

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#202382 - 02/12/08 09:00 PM Re: declining BPOs [Re: Gulf Winds]
Ben34105 Offline
Ubiquitous Mod
Major Contributor

Registered: 02/25/05
Posts: 2231
Loc: Florida

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#202386 - 02/12/08 09:12 PM Re: declining BPOs [Re: Ben34105]
JulieBee Offline
Member

Registered: 01/16/08
Posts: 25
Loc: CA
Great advice, thanks. I wanna be a grasshopper! I promise to bow daily, twice, even.

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#202387 - 02/12/08 09:17 PM Re: declining BPOs [Re: JulieBee]
Ben34105 Offline
Ubiquitous Mod
Major Contributor

Registered: 02/25/05
Posts: 2231
Loc: Florida
Bowing twice! Now that's just sucking up!

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#202412 - 02/12/08 10:28 PM Re: declining BPOs [Re: Ben34105]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
Julie, your out of luck. I have a network agreement with Auburn and I always keep my promise .............

Ben, with that avatar you get one free pick, PM me and I'll send an REO contact your way. Please come up with 3 choices and I'll see if I can pull it out of the bag for you ........

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#202421 - 02/12/08 11:02 PM Re: declining BPOs [Re: SLO Broker]
Cali Broker Offline
Veteran Member

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

Welcome back from solitary! I always enjoy your comments. Like you I used to break a leg getting orders quickly. Now I just look at them on my Black Berry and do the same thing.... Think about the location, the comps and the company assigning the work. I was out at dinner tonight and 3 hot orders came over from your good buddies at Evaluation Solutions. I had another margarita, finished eating, came home and typed up a nasty gram to them about not getting paid and not working for free and then went on their website and declined all three orders. The BPO Rat just spit the cheese back out!

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#202424 - 02/12/08 11:08 PM Re: declining BPOs [Re: SLO Broker]
JulieBee Offline
Member

Registered: 01/16/08
Posts: 25
Loc: CA
That's OK, SLO, I always seem learn a lot from everyone here and can appreciate that you're honoring a commitment.

You are always quick with a response to a question and deserve MORE success. Karma, baby, karma.

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#202432 - 02/12/08 11:14 PM Re: declining BPOs [Re: JulieBee]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
blessing baby blessing .........

From the big Guy upstairs ..........

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#202602 - 02/13/08 11:34 AM Re: declining BPOs [Re: SLO Broker]
shana Offline
Major Contributor

Registered: 11/06/07
Posts: 1602
Loc: Nevada
Strange that after the second reply, this thread went completely off-topic. Try to stay focused, people. LOL

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#202619 - 02/13/08 12:16 PM Re: declining BPOs [Re: shana]
PacificBreeze Offline
Member

Registered: 07/22/07
Posts: 482
Loc: CA
I have recently become VERY selective in what orders I accept. Actually, I just stopped doing BPOs for ALL the companies that are always a pain in the butt... (you know which ones I'm talking about) . There's plenty of business from the ones that are good to work with, so why kill yourself and take the abuse and continual nuisance phone calls like "is your order going to be submitted on time" starting from the 1st day you get the order! I refuse to work with companies that do not respect our time, our ethics and want to pay far less than the price warranted for our work (unless there is a really good chance of getting REOs from them).
Some of these companies really need to get a grip because they are really out there... I'd rather spend the day at Disneyland than spend a day doing BPOs for companies in "la la" land!

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#202629 - 02/13/08 12:53 PM Re: declining BPOs [Re: PacificBreeze]
SLO Broker Offline
BANNED
Veteran Member

Registered: 10/16/07
Posts: 662
Loc: California
That's it, lets freely give away the problem child companies to the newbies ............


https://www.evalonline.com/

Have at it newbies, don't say we didn't warn you first but then again you can't say we didn't throw a dog bone to you either ..........

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#202632 - 02/13/08 01:11 PM Re: declining BPOs [Re: SLO Broker]
PacificBreeze Offline
Member

Registered: 07/22/07
Posts: 482
Loc: CA
Maybe we should put a list together of our "problem child companies" and sell it to the Newbies that come on this forum asking for names/numbers of companies to do business with! \:D

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