First come first served, lovely!

No way I got one assigned today...

well, give it until next week

I got 4 of them today. Hmmm...

did you get an email about this or something? i didnt see anything about it.

no, i haven't gotten anything yet. Just hearing it from others on here.

Dear Ocwen Partner,


We would like to thank you for your efforts as a supplier of property valuation products to Ocwen Realty Advisors (ORA). With many of our staff coming from real estate backgrounds, we strive to recognize the issues you all face and understand some of the challenges in your work.

Our goal is to provide best-in-class quality property valuation products to our clients through prompt delivery. This goal can only be attained through a mutually beneficial partnership with our nationwide network of agents. We understand that we must improve our internal processes. It is incumbent on us to make your experience with ORA enjoyable and unobtrusive. This means providing improved communication avenues and a reliable system. We also must improve our relationship with you, our vendors by offering a fair price for your services, and increasing your opportunities with ORA.


Ocwen Realty Advisors will begin assigning BPO’s using our new vendor selection system which is scheduled to be released next week. Our intent is to reward the best performers from both quality and timeliness perspectives. Valuation requests will be simultaneously offered to several vendors who have historically proven to promptly deliver an excellent valuation report. Assignments will be awarded on a “first accepted basis”. Late orders will no longer be accepted, except in cases where circumstances require them and only when a representative of ORA is notified in advance. Unapproved late orders will be immediately canceled and placed with another vendor.

Also, please be advised that the option to negotiate for a higher fee will no longer be available to you. ORA strongly suggests that you access your REALTrans account and revise your coverage areas to include only those zip codes where you’re willing to complete BPO’s for our standard fees.


Again, Ocwen Realty Advisors greatly appreciates your efforts and patience. We are striving to be the best-in-class and we truly believe that the aforementioned changes will have a positive impact for all parties. We realize this can only be accomplished in partnership with you.


Sincerely,
Ocwen Realty Advisors

Hmmm, I guess that's why they sent out the emails last week to update your service area's.

Is this only for BPOs or also REOs for the first come?

I didn't get an email to update my service areas either. Could this thing be for certain areas only.

Unbelieveable, man I hope all of the other companies don't go this route.

If we're a speculating - My guess is nationwide.

My guess - is that they may have felt their regulars were too set in their old ways and needed to ramp it up with some competition amongst us'ens.

My guess/hope - is that the REO will go to the closes brokerage that provides exemplary service.

Either that or something else

I got the email too. I am sure it is for bpos only...

Even though I haven't done any for them in a while. Seen no listings either!!

"We also must improve our relationship with you, our vendors by offering a fair price for your services, and increasing your opportunities with ORA."

What a bunch a &^llshit!

Come on folks what they are really saying is we are going to blast these and go for who does the work for the cheapest fee.

It's like when you work for a company and they give you a damn certificate for good performace with your name on it.Ok now I have toilet paper.They will do anything but show you the money.

You know if I had a quarter for everytime these freakin bpo websites went down I could have retired already.Are you listening bpo companies get your crap together and run a tight ship!

There is always over monitering of agents/brokers and unrealsitc demands but knowone is accountable at these bpo mills for your corporations poor performance.

All of you who live on bpo's I say a prayer every night.I still do some and make a few k a month but would not put up with this constant bs from these companies. This is why I haven't done anything for EML in over a year. I dropped them because there site went down all the time and there QC'rs wanted you to HIT numbers.

Maybe Congress would be interested to hear how these bpo mills are not properly staffed and have untrained hourly workers handing off values to make loan buying and loss evaluation decisions on. I think they would find that quite intoxicating...

It felt good to get this all out.I said what some of you were thinking but they know your names so I said it for you.LOL

Happy Thanksgiving!!

This reminds me why I am an independant contractor and love my life.These corporations and red tape drive people nuts.

Yay, the fair price thing sticks in my craw too. They reduced our fees $5. We're already rated, so why would going to a blast system, offering less pay, make working for them more attractive? The additional BS needed to complete their orders which could be fixed by software upgrades is beyond the pale. Then there's the matter of the new increased delay in receiving payment on BPOs. It used to be that you were paid within 14 days of approval. That's out the window now. It's now 30 to 45 days for batching (on their end) after approval and another 10 to 15 days for payment to be effected. I'm not making this up. I got it in an e-mail. Did I mention that when you call, they cannot/will not help you and they're language skills suck.

I'm sorry, it's just really been one of those days and I'm incredibly frustrated with every company out there.