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#286944 - 04/20/09 11:37 AM
Re: How many bpo companies are you signed up with?
[Re: zpcsc]
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Major Contributor
Registered: 08/16/07
Posts: 2813
Loc: X
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I can't tell you how many I am signed up with, but I regularly get work from 10-15 companies, with 10-15 more making appearances in my queue every couple of months.
A rough estimate is that for every 20 you sign up for, one might accept you and send you work - especially if you are not too experienced in BPOs/REOs, and many are beginning to require being licensed 2-3 years before applying.
Do the math as to how many you need to apply with...
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#286945 - 04/20/09 11:49 AM
Re: How many bpo companies are you signed up with?
[Re: TB in TX]
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Member
Registered: 07/22/08
Posts: 296
Loc: Kansas
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The more you've signed with, the better your chance to get more work. Also, keep in mind that some companies take up to 6 months to approve your application (I waited for 7 months to be approved with PCV Murcor and 3 months with AVM). Others took up to 3 weeks. I receive orders from 14 companies, 4 of them send me orders on daily basis.
TB is right about 2-3 years of being licensed.
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#286946 - 04/20/09 11:52 AM
Re: How many bpo companies are you signed up with?
[Re: Bunny]
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Veteran Member
Registered: 06/20/07
Posts: 696
Loc: In the cornfield
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Sign up with as many as you can find on an internet search and if you end up with to much activity, ignore some of the open to all, requests in order to do a good job with the ones you are working on. I have gotten work at 1 time or another from about 15 companies with 4 of them consistently giving me the most.
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#286948 - 04/20/09 12:03 PM
Re: How many bpo companies are you signed up with?
[Re: REO driven]
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Veteran Member
Registered: 08/29/05
Posts: 751
Loc: Florida
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Ok thanks, I did a search & now I am signing up with all that I can find & that have good reviews thru this site. I hope to get work on a daily basis. I am also doing loss mitigations, they send me out to visit clients who are not paying or have been sent a modification packages & have not answered. It's pretty good, they also go by zip codes. I hope to stay busy.
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#286951 - 04/20/09 12:27 PM
Re: How many bpo companies are you signed up with?
[Re: zpcsc]
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Major Contributor
Registered: 07/12/08
Posts: 2479
Loc: California
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Sign up with as many as you can. Once on board, complete your orders with quality work, and meet their time deadlines.... both of these are important......I got back into this race late. I was told I was "too late". I'm in an area saturated with BPO and REO agents.......I now have a "money making" BPO business. My REO business is up and running...... set realistic monthly goals on what you want to achieve.....If I can do it, so can you.......good luck
_________________________
PONDERISM:
"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".
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#286956 - 04/20/09 01:03 PM
Re: How many bpo companies are you signed up with?
[Re: CandyMan]
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Veteran Member
Registered: 02/08/09
Posts: 514
Loc: Phoenix, AZ
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I agree with CandyMan. I was just talking with an AM for my best account today and he said that although the platform may tell you 5 days to complete the BPO, they like to see it done ASAP. He said it drives him nuts to wait until the due date to receive a BPO and get started on his tasks. Bottom line, sign up everywhere and once you land a few opportunities, clear your tasks quick and do quality work... it gets noticed. I came late to the game as well and was told over and over again that they werent accepting new agents but that didnt stop me. At some point they may get tired of other agents' lack luster performance and decide it is time for a change and your name may catch their eye.
Good luck
_________________________
REO Liquidation Specialist/REALTOR(R) since 2006 5 Years Lending experience Prior to Real Estate Champion of Common Sense and Reason Official Thread Searcher for Members who don't feel like searching for answers to their questions- I am at your service
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#286965 - 04/20/09 01:28 PM
Re: How many bpo companies are you signed up with?
[Re: Leggo my Ego]
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Major Contributor
Registered: 07/12/08
Posts: 2479
Loc: California
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I agree with CandyMan. I was just talking with an AM for my best account today and he said that although the platform may tell you 5 days to complete the BPO, they like to see it done ASAP. He said it drives him nuts to wait until the due date to receive a BPO and get started on his tasks. Bottom line, sign up everywhere and once you land a few opportunities, clear your tasks quick and do quality work... it gets noticed. I came late to the game as well and was told over and over again that they werent accepting new agents but that didnt stop me. At some point they may get tired of other agents' lack luster performance and decide it is time for a change and your name may catch their eye.
Good luck I couldn't agree with you more.......NEVER, NEVER, GIVE UP.......lots of dead wood out there when it comes to BPO and REO agents.........I have two agents in my office that are trying to break into the BPO business.....I don't see it happening......no work plan....no goals......just want to approach it from the "easy side".....must think these orders just fall out of trees.......
_________________________
PONDERISM:
"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".
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#286983 - 04/20/09 02:52 PM
Re: How many bpo companies are you signed up with?
[Re: CandyMan]
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Member
Registered: 03/10/09
Posts: 43
Loc: Charlotte, NC
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I found about 100 just doing leg work here and other sites.
Based on the research I did on each one here I decided to work for about 20. About 8 of those send me business on a regular basis. I dropped one of them last week (MS) because they wanted me to drive to the courthouse and pull the tax records for 2 bpo's in addition to taking the pics and doing the forms..all for $45.
I used to do them about 4 years ago and quit when I got real busy selling. Wish I never did!! :)
Some of them have paid quickly, others I'm starting to think they aren't going to pay. I love the excuse "we don't have your W9" when I faxed and e-mailed it 10 times already.
Stick with it. Some that I have applied for months ago are just now sending me the login/acceptance info.
Also, someone in my area caught wind of the addition competition and must have bought acceptance software. My 2 main clients were blasting orders everyday, at least 3 or 4 each day. Now all of a sudden, NOTHING in the last two weeks.
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#286993 - 04/20/09 03:56 PM
Re: How many bpo companies are you signed up with?
[Re: trev230]
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Veteran Member
Registered: 11/20/07
Posts: 1404
Loc: Land of comps and drive by's.....
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1,000
_________________________
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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#286997 - 04/20/09 04:14 PM
Re: How many bpo companies are you signed up with?
[Re: trev230]
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Major Contributor
Registered: 11/02/07
Posts: 1753
Loc: Central New York
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I regularly get assignments from approximately 12-15 companies in any given month, and receive sporadic assignments from about 20 other companies. I have signed up with some others which have never given me assigments, and passed on signing up with quite a few others with bad reputations, screened from what I've learned here.
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#286999 - 04/20/09 04:20 PM
Re: How many bpo companies are you signed up with?
[Re: HUDLover]
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Major Contributor
Registered: 07/12/08
Posts: 2479
Loc: California
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The question was "how many BPO companies are you signed up with?".......not "how many times you signed up"......lol All kidding aside....I swear I must have signed up at least a 1,000 times......just kept at it till they started to cave....
_________________________
PONDERISM:
"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".
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#287068 - 04/21/09 04:45 AM
Re: How many bpo companies are you signed up with?
[Re: Chappy]
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Veteran Member
Registered: 11/20/07
Posts: 1404
Loc: Land of comps and drive by's.....
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Do that, it took over 6 months for me to get on with Farvv. Now they are my biggest client.
_________________________
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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#287288 - 04/22/09 03:33 PM
Re: How many bpo companies are you signed up with?
[Re: Chappy]
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Veteran Member
Registered: 02/25/08
Posts: 826
Loc: USA
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I never stop applying. This month I've only had 12 orders from 2 of my regular companies. Last month I had 12 orders from 5 companies. January and February I had orders from 2 new companies but nothing from them since......when I don't have work, I apply and sometimes to companies that I applied to a year ago. Finally got a response from AVM and I'll bet I've applied or emailed them every three months!
_________________________
Licensed Realtor since 2000
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#287299 - 04/22/09 04:58 PM
Re: How many bpo companies are you signed up with?
[Re: Char K]
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Veteran Member
Registered: 12/28/06
Posts: 809
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i am signed up with probably 30-40 companies. i get work from maybe 10
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#287324 - 04/22/09 07:06 PM
Re: How many bpo companies are you signed up with?
[Re: Chappy]
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Member
Registered: 02/04/09
Posts: 142
Loc: Riverside County, So. Calif.
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I was late to the game, too. I did them (BPO's) years ago and then got too busy and stopped. I'm signed up with too many companies to count but regularly get business from 8. I've stopped even trying to get business from companies that e-mail blast orders in the middle of the night. :) I really believe the key is to keep them very, very happy. Turn your reports in asap. If there is a qc issue- get it resolved quickly. It just makes sense that the reps will give more orders to brokers they don't have to worry about. At least that's what I would do. Good luck. Just keep signing up.
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#289043 - 05/04/09 10:18 AM
Re: How many bpo companies are you signed up with?
[Re: CALIFBRKR]
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Veteran Member
Registered: 02/25/08
Posts: 826
Loc: USA
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sorry bump Does anyone else here go back and reapply to companies they have never received work from? There are plenty of good companies mentioned here that have that pat response of no longer taking applications in my area in order to provide work to all their preferred vendors.
Edited by Char K (05/04/09 10:18 AM)
_________________________
Licensed Realtor since 2000
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#289050 - 05/04/09 10:44 AM
Re: How many bpo companies are you signed up with?
[Re: Char K]
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Veteran Member
Registered: 04/22/09
Posts: 540
Loc: California
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I'm another that is late to the game . I started signing up and found myself REsigning up at the same sites so I started using roboforms and everytime I see a site to sign up at I "save" it. Once I apply- if it automatically signs me into the system I "save" it on roboforms in a file " Good Sign up"..If at signing up it says they will get back to me " Signed up and waiting" file..If it says they are no longer accepting applications - filed as such too. I'm hoping this help with follow up in the future. As I receive emails accepting or rejecting me I go back to my main list and file as appropriate. Roboforms has a free trial you can download. I have the version that is roboforms to go with the usb thingy. Roboforms helped in filling out many of the applications and it also will remember the usernames and passwords to the sites you sign up with. I am signed up with about 30 and waiting to hear back from about that many.
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#289172 - 05/05/09 07:14 AM
Re: How many bpo companies are you signed up with?
[Re: Crazy 2]
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Veteran Member
Registered: 02/25/08
Posts: 826
Loc: USA
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Because yesterday was a slow day, finally got one order for a retro, I began the process of signing up with some of the biggie's I've already processed with but have never received orders from; got messaged that I'm already in the system, then sent a Vendor inquiry email. Not sure what the correct procedure would be, bcc the inquiry to myself so that I call them next week.
Edited by Char K (05/05/09 07:15 AM)
_________________________
Licensed Realtor since 2000
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#289194 - 05/05/09 11:23 AM
Re: How many bpo companies are you signed up with?
[Re: Char K]
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Veteran Member
Registered: 04/22/09
Posts: 540
Loc: California
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Char- I have been signing up like crazy and posted above about tracking sites/usernames/passwords with roboform. I have also sent emails to those that didn't have a sign up link. I used constant contact ( free 30 day trial as does roboforms) and created a full color mini resume letter. Everytime I would come upon a site I was going to email- I would copy and paste the email address to a word doc. I would then at the end of the day copy and paste this email list into the mail list for constant contact. I would put xx next to those emailed on the word doc. I set up files in my email so I didn't go nuts- reo not accepting- reo sign up good- reo to do ( need to send docs, etc back) anyway, after being in a flurry here setting up email files to organize emails sent and received was a big help. The constant contact program has a history of emails sent that you can refer back to , manage, send update email, etc. I hope this helps a little. I'm not sure if there's a better way but after turning into the manic reo/bpo signer upper :) the above at least helped me not be so overwhelmed at my email inbox.
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#289481 - 05/06/09 02:32 PM
Re: How many bpo companies are you signed up with?
[Re: ValuationGal]
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Veteran Member
Registered: 04/22/09
Posts: 540
Loc: California
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Val- for those of us working hard to get signed up and turning our business on - thank you for your encouraging words!
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#289701 - 05/07/09 04:13 PM
Re: How many bpo companies are you signed up with?
[Re: ValuationGal]
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REO-BPO-R.E. Mod
Major Contributor
Registered: 03/12/08
Posts: 3272
Loc: Pinehurst, NC
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VGal - Do you work on site or from home? To the original topic - whatever the number is I am in with - according to my work load this week - not enough  I had to turn down more that was out of my area and give back the same number because I already did them, as I have done this week, but there is 1 more day - lol. Slowest week I can remember for many months.
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#289705 - 05/07/09 04:40 PM
Re: How many bpo companies are you signed up with?
[Re: Don Price (Pine)]
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Veteran Member
Registered: 11/20/07
Posts: 1404
Loc: Land of comps and drive by's.....
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Welcome VGal....
This is our philosophy exactly. And that is the case too...they beg us to do bpo's now, I turn down work. It's taken a year, but that is where we are.
_________________________
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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#289860 - 05/08/09 08:54 PM
Re: How many bpo companies are you signed up with?
[Re: HUDLover]
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Junior Member
Registered: 05/08/09
Posts: 1
Loc: Fl,Miami Dade
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I am signed up with over 120 but on work with Titanium Inc,Mark to market & Asset Valuation & Marketing all other I have not recieved assigments. You may also want to register with Disposolution.com Let me know how it go's
Janet Garcia Miami, Florida
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#289864 - 05/08/09 10:25 PM
Re: How many bpo companies are you signed up with?
[Re: 12301963]
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Major Contributor
Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
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I am signed up with over 120 but on work with Titanium Inc,Mark to market & Asset Valuation & Marketing all other I have not recieved assigments. You may also want to register with Disposolution.com Let me know how it go's
Janet Garcia Miami, Florida It has to be regional. I am signed with 30 max, hit hard on 6 of them, fill in the holes with another 10 of them, rarely hear from the others. Never worked for Titanium or m2m, but long standing worker for AVM. I love these guys. Great clients.
_________________________
Trust your Maker. Watch your manager.
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#289972 - 05/09/09 11:31 PM
Re: How many bpo companies are you signed up with?
[Re: 12301963]
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Member
Registered: 04/27/09
Posts: 409
Loc: So Cal
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I'm signed up with about 50, but get orders from 19. I get the bulk of orders from 3 companies: EML, PCV, & Main Street. I average 100 BPO's per month.
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#290188 - 05/12/09 12:57 AM
Re: How many bpo companies are you signed up with?
[Re: REO4freedom]
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Member
Registered: 01/05/08
Posts: 162
Loc: ca
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signed up with over 50, auto assign with only a few, random orders from 5 others and usually do over 100 orders a month
_________________________
Did I DO THAT????
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#290487 - 05/13/09 05:20 PM
Re: How many bpo companies are you signed up with?
[Re: Chappy]
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Member
Registered: 10/21/08
Posts: 66
Loc: Sonoma County, California
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FARVV and PVC keep us pretty busy and they know they an call with a rush anytime and we will get it done.
We have a handful of others that send one here and there.
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#375587 - 05/12/11 12:56 PM
Re: How many bpo companies are you signed up with?
[Re: HUDLover]
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Junior Member
Registered: 05/12/11
Posts: 2
Loc: CA, USA
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Does Farvv have a website?
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#375600 - 05/12/11 02:13 PM
Re: How many bpo companies are you signed up with?
[Re: Landmark]
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Major Contributor
Registered: 02/16/06
Posts: 2127
Loc: United States
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Does Farvv have a website? Landmark, the serach engine is your friend.
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#375653 - 05/12/11 08:34 PM
Re: How many bpo companies are you signed up with?
[Re: zpcsc]
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Major Contributor
Registered: 02/16/06
Posts: 2127
Loc: United States
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This is one of the things I like about this board is the differing views. I cannot stand doing work for PCV. They send email blasts and I just hit delete....
What was that old Paul Simon tune? "One mans ceiling is another mans floor"
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#375654 - 05/12/11 08:36 PM
Re: How many bpo companies are you signed up with?
[Re: zpcsc]
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Member
Registered: 03/24/07
Posts: 44
Loc: El Paso County, Colorado
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About a dozen. I like Integrated Asset Services and AVM.
_________________________
W.E."Willie" Bridgeforth,GRI, MRE,REOS Merit Co Inc. 6710 S. Hwy 85/87 Fountain, Colorado 80817 www.williebridgeforth.com
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#375924 - 05/16/11 09:45 AM
Re: How many bpo companies are you signed up with?
[Re: zpcsc]
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Member
Registered: 12/07/08
Posts: 33
Loc: miami, fl
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I'm also in the Miami area and I say the same than the rest. Sign up with as many as you can and don't give up. However, I got to tell you that I have seen a significant decline in bpo work in the last 3 years. I'm currently doing half or less than what I use to do 3-5 years ago. Property inventories and foreclosures have decreased a whole lot. property prices are already stable in many areas and there are tons of agents doing bpos( a lot of them for nothing) there are even agents creating teams and companies exclusively for bpos. The worse..... Working for pennies.... plus more cats wanting to get into it. Therefore much less bpos. I wonder about the future....... Not looking so good.
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#376210 - 05/18/11 06:55 PM
Re: How many bpo companies are you signed up with?
[Re: zpcsc]
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Member
Registered: 11/10/09
Posts: 80
Loc: Dallas, Texas
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About 14 of them with my top favorites being IAS, reoprep, avm, and some new ones with dispo.
_________________________
Hanzinvest@gmail.com
I always appreciate a name # of someone I can help! Agents I pay 30% Reff. Fees!
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#378061 - 06/05/11 12:42 AM
Re: How many bpo companies are you signed up with?
[Re: zpcsc]
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Veteran Member
Registered: 03/20/07
Posts: 1090
Loc: South Carolina
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I've been doing a few orders for .com lately. Took 3 in one day which is my new record(haha yea I know that's nothing)! easy forms, great customer service. I was doing them here and there and now I've decided to try to get more business so we'll see what happens. I'll be signing up with a few more companies here soon.
_________________________
Realtor Extraordinaire, ABR, E-Pro
Keller Williams Realty Upstate South Carolina
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This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.
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