I cannot crack into this company. Anyone doing work for them. From what I understand they are one of the largest companies in the southeast. I had an REO with a private bank. It got transfer to IAS and I was locked out. I need to crack IAS anyone have any strategies......... I am approved by them just have not received any assignments. I have been signed up for over 60 days...

I know a few agents like that with them. They get bpos but no listings. Im guessing they have a certain amount of agents per area. If one of them messes up, you might get a chance.

It is my understanding that they are very loyal to their existing agents. Unless someone messes up or their volume increases in your area, it may take a while. 60 days is really not very long to wait. Sometimes you won't get an order for many months after you sign up.

I been signed up with them for year now and tried to sign up like every six months in a row to get something and so far nothing.
I get email that i am approved ,but that is it.

I got one exterior BPO in 12 months.

I second OHAgent. There is an REO agent in my office that has them locked up! He has been working with them for over 10 years, very loyal. I am approved by them to, but will never get anything from them as long I am in the same office as the agent that has them locked up.

Update 6/18/2008: I cracked the shell today! Yea!, got two orders from them and not second opinion ones, possible listing ones. Whoo Hoo!

Y'all aren't missing out on anything.

I've done like 70 bpo's since June, but haven't received any listings. They don't really have much activity in my area on the reo side according to their website. Let's hope they live up to their word when they say they will hand out the listings on the bpo's you previously did.

Anyone receive any listings from IAS and use the REOTRANS NETWORK? I have a listing with them and received an offer this evening. I went to input it in the REOTRANS system and well... to make a long story short there was some information that I did not have and had to input same phone numbers. Also the work sheet they wanted me to include with the offer was prefilled when I inputed the offer form. I am going to call them tomorrow morning and see what steps I need to take. I am new to that system and am feeling my way around.

THe site is a bit confusing at first. Make sure you review tasks and all associated messages to the task. Make sure you mark them READ when completed. The email system worrks well on there and I have had quick replies from them.

I have done probably 50-60 BPOs from them since December and was just assigned my first listing. The one I was assigned will be managed through REOTrans, which is not the case with all of their properties. The ones listed for sale on the IAS website are not the ones that go through REOTrans I THINK, so they may have more listings in your area than you think. I really like working with them- very accessible.

Looks like they use four different brokers in my area. I've done BPOs for them recently, but no listings...yet.

I've been doing BPOs sporadically for IAS over 18 months. I completed my first REO transaction with them in January. I haven't received any new assignments just BPO requests since then.

IAS states that the Broker who completes the "1st" BPO will get the listing, if it becomes an asset of theirs. Alot of the BPOs they assign, may be a 2nd or occassionally, it may even be a 3rd request. I found that about 1/2 of mine are 1st requests. I also noticed that just last month, alot of them got NODs filed and these were on BPOs that were completed around Sept/Oct. I will be keeping an eye on them to see IF they become an REO and IF I get the assignment on the ones that I did the 1st BPO.

I also notice that they move the Valuation Mgrs around alot. Every time I get real comfortable with someone, I get assigned a new one. When I get a new one, my orders drop off BIG time! Oh well... keeps it all interesting.... I guess??

None of mine have ever been designated as first or second opinion, that I have noticed. I have noticed only 2 properties that I have done BPOs on come up listed by someone else, and the listing I got I had never done a BPO on. I have a feeling I am in the midst of a VM change because I have only had 2 orders from them this week which is ususual. How often do they rotate? Anyone have an idea?

I have been cross-referencing the NOD/NOT lists weekly with my lists of completed reports so I can keep track of what they are doing.

I seem to get a VM change every couple of months. And sometimes I get orders from 3 different VMs all in the same month. It's hard to figure it out. I called this week because I hadn't received an order in 6 weeks. I was told I had a new VM again. I emailed him, then he sent me 2 orders, but out of my service area. He apologized and said "he'll get his new assignment figured out" In the meantime, no more orders in my service area this month... grrrrr

I have a new VM also this month. She challenged everything about the bpo. She asked for the adjustments to be reviewed and challenged that the value I came up with and stated that it was "higher than the last sold comp..please re-evaluate your value in light of this".... Oh well...

Does her name happen to be Teresa?

her name is laurie....
anyone else received an email like this from her?

Theresa loves to hear herself talk. She "knows" what QC wants and she will badger you until you change your value. I had 3 voicemails from her. She dared to suggest that I didn't know my market. Theresa needs to go. I think I've cycled through most, if not all of the AMs at IAS. She is by far over the top and I though Tanya was bad. LOL

Anyone work with Steve James?

I signed up with them long ago. Got my first order from them last week. Who knows?

All these stupid BPO classes to 'help' agents who can't survive in a down market is cutting into the action of the Professional BPO agents.

No, but I have a good buddy name Troy James. :-)

He is my new VM. I used to have Michelle.

Earl... I had a couple orders from Steve James a while back and didn't have any problems. But then I never saw anything from him again.

Steve is very laid back. Of course, compared to Theresa, anyone would be, but he really is very nice and laid back. Works from home...

Seems like alot of them work from home. Anyone know if Pam Carlson is still there? She was my 1st VM but haven't heard from her in a long time. I liked working with her. I also liked Linda Cosby and Debra Fitzgerald. Where did they all go???

I get a few orders from Linda every now and then- but Tanya is who most of my work comes from. I like her- I rarely have a QC problem with her.

I do BPOs regularly for 5 or 6 companies, but what I like best about IAS is that it is the one where I most feel that the VM is reading and thinking about the BPO and valuing the property, rather than just seeing whether or not the comps fall within a set of pre-determined guidelines, etc, etc. I hope that this is because they are serious about actually getting properties sold when they (we?) wind up with the listing. (Not that I've seen a listing yet myself, but then I've only been with them for a couple of months and our foreclosure cycle in CA is at least 4.)

I have received several listings from them in last 4 months, many of which have sold. As a side note, the local paper showed that pendings in our area went from 150 in Janaury to 750 in February---mostly REO's of course but good news for us brokers/agents nonetheless...

Is this their site:

http://www.iasreo.com/workwithus.aspx

I was reading on there that they are no longer accepting apps. They only have 23 listings in my area. They are prob. saturated.

I was approved last August and have not received any assignments. I've had two VMs, Brenda and Justin. They haven't returned any emails or phone calls. Not impressed with IAS.

^^ Me too been approved for a while now, nothing so far and no return emails.I understand they might be busy but they have like 20 properties in MN

I have been registered with IAS since 11/07. I received this e-mail yesterday -

This is a follow up to let you know that we received your IAS Broker/Agent Sign
up and a personal W-9 form. You have been entered in our system; however, since
you sent in a personal W-9 form, we are going to need an authorization letter
from your broker on company letter head stating it is OKAY to pay you directly
for BPO services. This letter must also be signed by your broker. If you are the
broker of the office, please let us know. If you are not able to obtain an
authorization letter, please send in a company W-9 form and we will pay you
through your company.
We do not want to delay payments of any services that may occur, therefore, we
are requesting that we receive this ASAP to make sure we have everything we need
in order to pay for your services.
Please fax the authorization letter or company W-9 form to us at 303-488-7043
If you are sending in a company W-9 form, please make sure to put your NAME on
the W-9 form somewhere so we know who the W-9 form is for.

Is this new or have they always paid through broker? I know they assign listings so I don't think getting the authorization from my brokerage will be a problem.

This is not new. They simply want a short letter stating its okay to pay you directly for BPO's. For REO's you will always be paid through yourbroker by the escrow company

Did anyone get a call from IAS today about a "platinum" preferred brokers program? They called to ask whether I would like to be included and that they would not add any more brokers in my area. They are suppose to be e-mailing me more details, but thought some others here may have some additional info?

I haven't heard anything.... is it something you have to pay for?

They didn't say. I was hoping someone else had more details. I'll update once I get the info.d

I haven't heard anything about this from them, but if I had to guess, I'd say that "Platinum," "preferred," etc = $$$$ from you.

Yeah, that's what I'm thinking also.

I just heard IAS is losing 450 listings around 4/15. One of thier clients is selling off a large portfolio to an investor.

Which client?

I just completed my first BPO for IAS after only being signed up for a couple weeks. Several of the comps were questioned, but after elaborating they were accepted. It was a multi family, and getting a value on a residential form is difficult.

Has anyone gotten a BPO request from IAS to do a BPO that is to be done on REOTans for EMC?
It will say that you are the "BPO agent B"
It is a 3 page form that wants 8 comps and if very hard to fill out. (not user friendly)
To top if off there is no pay offered and the listing is going to the "BPO agent A"

They do pay you for it- you are doing the second opinion for the listing. I wish I knew where to tell you to look to see the fee but it is there somewhere. Once you get the hang of those EMC forms they are cake.

Holy Cow...new standards at IAS are crazy!! I've had 8 out of my last 10 BPO's returned to me for stupid stuff...not crossing a main road for comps, not crossing a highway, all comps must be from within the same subdivision, QC mapped comp properties and CL2 is 8 miles away - the porblem is they mapped out the wrong street and zip code for CL2 - The actual address was 4028 Falcon Ridge Dr. and they mapped 4028 Falcon Way clear across town - "why would subject sell for more than cs2 when cs2 was on the market for 161 days" ....well, if you look at my bpo and adjusments you will see that the comp is in average condition and the subject is in good condition and adjustments were made to reflect the difference in condition - this is getting ridiculous - I'm just starting to get listings from them and now they have made already difficult, low paying bpo's even more time consuming and headache causing!!! Is anyone receiving listings without taking the bpo's? I'm starting to debate whether this is worth it

FYI Mitch I was referring to the EMC forms on REOTrans being cake- the IAS forms take some getting used to. I have noticed stricter criteria lately about proximity to subject, and when I asked my VM what was up she acted like it has always been that way. wierd.

All I can say is I'm happy with my current Valuation Manager. Don't have any QC issues and they are no different than my previous bpos. The previous valuation manager nearly made me grow a tumor in my brain with all the headaches she gave me.

I have been signed up for about eight months and seen nothing. I email my contact every month or so with no response. I even sent him a gift card around the holidays and nothing...

Sounds like a common theme

that sounds like my exact story...minus the gift cards i gave up on them a month or so ago.

I got QC on questions that are not on the form. Like what was the last sale of any model in the complex? How many units in the complex? Why are your comps not all from the complex. There must be other units for sale in the complex. (sorry if I could find a comp in the complex I would use it)
So after this time wasting QC, I get a listing in a good area on a condo I have never done a BPO on.
Go figure.

I don't understand why companies list with another agent after an agent has already had experience with a particular property. It makes no sense to me.

I only got 2 orders in 2007. Then in January I got an order that I had quite a debate (translation: argument) with them over. That must have done the trick, because now the orders are coming about every week! I was sure they were going to dump me, and now they want to hang out all the time...

I've been signed up with IAS for almost two years. I have closed 1 listing with them. Other than that 1 sale, they send me BPOs. I decline most of them since their BPOs fees are low and they assign listings to the same agents.

THEY GIVE ALL THERE REO'S TO THE SAME AGENT(S) ...DON'T KNOW WHY I DO TONS OF BPO'S FOR THEM ...I GOING WITH THE THOUGHT THAT IF THEY JUST GIVE ME ONE ..THERE WIL BE MORE TO COME WITH THEM ...IT'S BEEN WELL OVER A YEAR WITH THEM WITHOUT AN REO....

I had to change my value for them today because the 90-120 day list price was on the high side of the sold comparables instead of the middle. It was this way because all of the list comparables were higher than the sold. I don't want to take any more of their orders if they get sent back to me for stupid stuff.

I signed up with them in Jan 07, just started receiving orders from them last month. I must say their QC is kinda crazy for the low pay. On Friday I spent a couple of hours trying to complete and order asking for crazy things.I know they promise a listing, but I don't hold my breath on it.

Has anyone had success with them in asking for more money?

It seems like they keep adding stuff to their forms every time you do a new order. The fee stinks big time but they are my homies on both sides so I guess it's ok.

They are not adding stuff, they just have few different forms, like FARVV or LA. So it's all depends on the client.

i have done 10 bpos and got 1 listing. 1.75% for my side of it, but it is a 380k house, so not too bad. The bpo person told me that if you negotiate a higher fee for them, they will not send you the listing later on. I like their forms though...

I'm not a big fan in completing BPOs for IAS. When they don't like your value, they'll send it back and ask you to reconsider. My response to them, "What value are you looking for???" I've completed quite a few BPOs for other companies and didn't have problems. In matter of fact, they said that I do a great job. But when it comes to IAS, I don't know what they're looking for. I asked them to give me their guidelines and they said that they can't give it out. I asked them how was I suppose to clear all their comments if I don't understand what it is that they're looking for. They told me to guess.

Anyhow, I don't get much assignments from them and I signed up earlier this year. The listings do go to the same few listings agents. I'm still trying to get my foot in the door for listings.

Keep pumping out good quality BPO's with good comments. I did and eventually got a call out of the blue.