Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Good Ideas
Nusetlock.com




REO Prep Foreclosure Listings




BPO REO Secret System




How To Advertise Here

More Good Ideas!
real estate newsletters


Real Estate Websites for Realtors




Build your brand on a Real Estate Site





Facebook
Page 1 of 7 1 2 3 4 5 6 7 >
Topic Options
Rate This Topic
#299686 - 07/23/09 10:30 AM The perfect BPO form - let's build it for them :)
Don Price (Pine) Offline
REO-BPO-R.E. Mod
Major Contributor

Registered: 03/12/08
Posts: 3272
Loc: Pinehurst, NC
OK - we currently have the attention of several Asset Management Companies - so let's help ourselves out by providing them with what we need in an orderly easy to fill out bpo form. We need a form that will let us better place data in a logical fashion with the least amount of scrolling and going back and forth from tax sites, MLS sites and bpo the form.

One thing I hate - is moving data from a tax or mls site that contains commas - then having to remove them so the form doesn't delete the entry.

Also - this may be different by mls - but having the form require information from the mls site - then tax site - then back to the mls site slows input down - can we build it better?

Lets see if we can do something to help ourselves, by helping all our clients at the same time. Win/Win/Win


Let's call this project..................... "The Perfect Form"


Edited by Pinehurst RE Guy (07/23/09 10:47 AM)
_________________________
Donald Price (Don)
Pinehurst, NC 'America's Home of Golf"

Pinehurst Real Estate | REO-BPO-Brokers.com | Blog | Join active|rain | Twitter | Facebook


Top
#299687 - 07/23/09 10:34 AM Re: The perfect BPO form - let's build it for them :) [Re: Don Price (Pine)]
ValuationGal Offline
Member

Registered: 05/01/09
Posts: 20
Loc: Denver
Perfect timing Pine! We've been looking at all the forms and deciding which ones have the info we need the most...bring it on, we're watching.

Top
#299688 - 07/23/09 10:35 AM Re: The perfect BPO form - let's build it for them :) [Re: Don Price (Pine)]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2813
Loc: X
1. Forms should be tab-able in both horizontal and vertical fashions. We all work differently.

2. Photo uploads should be done in bulk - not one by one!

3. Distances should be auto-calculated, and we shouldn't be asked to re-enter the data for verification (attention M2M!).

4. If the subject property cannot be mapped, then don't make us go through the "Find Proximity" dance. Just let us go directly to the drop down menu (attention Mindbrix, LA, eML).

5. Don't make me type 75-100 characters on the subject's "habitability." Either it is, or it isn't. Now the level of comfort may be in question, but not habitability.

I'll definitely be back for more - this was just off the top of my head!

Top
#299690 - 07/23/09 10:40 AM Re: The perfect BPO form - let's build it for them :) [Re: TB in TX]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1753
Loc: Central New York
All the info input from tax records should be entered in more or less the same place on the form. Not "land value" at the end. Put "land value" right next to "tax id number." It always makes me unhappy to get to page 2 or 3 of a form, when I've long since closed out of the subject tax record, to have to look this up again. When I'm thinking I write this down in anticipation.

There's one form I fill out that wants 50 word comment...and allows about 200 characters. Yeah, right.

Top
#299691 - 07/23/09 10:45 AM Re: The perfect BPO form - let's build it for them :) [Re: neudot]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1753
Loc: Central New York
Make website compatible with Firefox...this really speeds data entry for me, as Firefox remembers what I did last time. I use it for one company only, but it's a breeze to do data entry with it.

Top
#299692 - 07/23/09 10:52 AM Re: The perfect BPO form - let's build it for them :) [Re: neudot]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1753
Loc: Central New York
The entire form should be tabbable....no radio buttons....no cutesy calendars...minimal use of the mouse.

Top
#299694 - 07/23/09 11:00 AM Re: The perfect BPO form - let's build it for them :) [Re: neudot]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Forms I have enjoyed working are the older AVM, many of the Clear Capital (ones without adjustments for each item), Brokerpriceopinion.

Auto pop my info, since you know it is me doing the order and have my info on file.

Photo uploads are best when they can be done all at once, such as on MSV, RRR, AVM, Emortgage. Best is when you can see the pics. Least favorite pic uploads are Clear Capital and irepvm, and single source because they must be done in stages or groups of 4 or 5.

I have found RRR to be less easy to input going from page to page. Ias does this too. Proteck has a page to page system as well and it is clunky. Conceptually, I am weighing all 6 comps and the subject throughout the input process, so it helps me to have them all in one place.

The ability to easily upload supporting pdfs is very helpful and not an option for many forms.

Thanks for listening!
_________________________
Trust your Maker. Watch your manager.

Top
#299696 - 07/23/09 11:03 AM Re: The perfect BPO form - let's build it for them :) [Re: Doin' bpose]
bmoreiko Offline
Member

Registered: 10/21/08
Posts: 66
Loc: Sonoma County, California
I just did my first for LSI, they have a beautiful site. Super user friendly.

Top
#299697 - 07/23/09 11:06 AM Re: The perfect BPO form - let's build it for them :) [Re: Doin' bpose]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2813
Loc: X
6. On MSV forms, why do the QC questions at the end always duplicate the lot size question for every comp? It asks for explanation twice for each comp - once at the top of the page, and once at the very end.

7. Also for MSV, in this instance - age parameters should be variable based on age. A 100 year old house doesn't vary that much from a 90 year old house, but your parameters ask for a 5 year variance. Seriously. Refer to FARVV's parameters. They rock.

Top
#299699 - 07/23/09 11:18 AM Re: The perfect BPO form - let's build it for them :) [Re: neudot]
Highest&Best Offline
Veteran Member

Registered: 08/17/07
Posts: 815
Loc: Houston, TX
Be consistent from the sold comps to the list comps (eML). If you have fields for address, city, state zip lumped together in one order on the solds, put it in the same order on the listeds.

Amen on the bulk upload. You're wasting my time if I have to upload one by one(and ultimately yours because I can produce more and get more in on time if you don't make it painful). And only 10 damage photos? Give me a break! Now you have me using "Other" for damage and "Damage" for damage.

I'll shoot for the stars and ask for the ability to correct your bad addresses in the form so all my proximities will calculate. You usually come back to me after the fact anyway and it's usually because you had a type-o.

Amen to not letting me keep my hands on the keyboard and not get thrown off by the calendars.

The whole minimum character/maximum character issue is very irritating. I can't just put "FHA" because it requires more than three characters so I have to type "FHA financing?" What's the point of a character min/max on that? I can't put "none" for functional or economic obsolescence? Do you gain more knowledge when it says "there is no functional or economic obsolescence" rather than "none?" Some things require more explanation and some less. I can be VERY wordy as people on here will attest. Forcing me to type more words won't get you any more in depth information if it isn't relevant. It will just get you more words. Trust me, "conforms well with neighborhood" means the same darn thing as "subject is located in a neighborhood of like age, size, style and condition homes."

I'm not working on any BPOs today or you would get a lot more feedback. smile I'll supply more when I'm back in BPO mode and out of REO bill pay mode.
_________________________
MBA, Realtor since 2004
Co-owner of two brokerages

Top
#299701 - 07/23/09 11:23 AM Re: The perfect BPO form - let's build it for them :) [Re: Highest&Best]
Highest&Best Offline
Veteran Member

Registered: 08/17/07
Posts: 815
Loc: Houston, TX
PLEASE don't make me complete a whole darn page before I can save. I encounter 10,000 interruptions while I'm doing a BPO, some are lengthy. So if I can't finish a page I have start all over? That's just crazy talk!

Disappearing data, FARVV? Seriously. This is not a major programming challenge to get it to save the data the first go-round.

And maybe be consistent. If you ask for all comps within a mile on your order instructions and at the ponit of data entry, don't show me an error on the QC page because they're not all within 1/2 mile.
_________________________
MBA, Realtor since 2004
Co-owner of two brokerages

Top
#299705 - 07/23/09 11:40 AM Re: The perfect BPO form - let's build it for them :) [Re: TB in TX]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Originally Posted By: TB in TX

7. Also for MSV, in this instance - age parameters should be variable based on age. A 100 year old house doesn't vary that much from a 90 year old house, but your parameters ask for a 5 year variance. Seriously. Refer to FARVV's parameters. They rock.



I agree with this and would add wider % variences for lower valued properties. 20% is not much when the values dip below 80 or 90K. So you end up with a slew of explantions at the end. And sometimes they double up the explanations. I try to answer each unquie one thoughtfully and then copy and paste as appropriate.
_________________________
Trust your Maker. Watch your manager.

Top
#299706 - 07/23/09 11:42 AM Re: The perfect BPO form - let's build it for them :) [Re: Highest&Best]
neudot Offline
Major Contributor

Registered: 11/02/07
Posts: 1753
Loc: Central New York
Have an automatic photo resizer within the site, so this doesn't have to be done by the agent as a separate step. Prepopulate the Active/Sold addresses next to S1,S2, etc.

Top
#299707 - 07/23/09 11:42 AM Re: The perfect BPO form - let's build it for them :) [Re: Highest&Best]
TB in TX Offline
Major Contributor

Registered: 08/16/07
Posts: 2813
Loc: X
Amen, sister! Especially the one where they make you fill out every little field before you can save. We just don't work that way, dear ol' BPO companies!

Top
#299710 - 07/23/09 11:59 AM Re: The perfect BPO form - let's build it for them :) [Re: TB in TX]
Highest&Best Offline
Veteran Member

Registered: 08/17/07
Posts: 815
Loc: Houston, TX
Oh yeah (geez, you really opened the flood gates Pine), I understand that you have your "rules of thumb" like 90 day as-is value must be within 22% of current list price of active comps (or whatever...). But seriously, when I'm valuing some POS at $35K or something ridiculously low because it is TRASH, percentages aren't very meaningful anymore. Really. The dollar amounts just become negligible. So go ahead and use your little QC checklist, but don't disregard THINKING before you send that QC fail and PRETTY PLEASE don't prevent me from submitting with that "flaw" in my BPO. And understand I will have already spent MORE time completing the BPO on this lovely little slice of heaven by explaining each of these percentage variances than should be necessary. Adding to it through the "clarification" process just gets irritating.
_________________________
MBA, Realtor since 2004
Co-owner of two brokerages

Top
Page 1 of 7 1 2 3 4 5 6 7 >






Moderator:  jbt4re 
Google Custom Forum Search

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.
Search

Good Ideas!
real estate newsletters




How To Advertise Here

Sponsors

Newest Members
CourtneyFields19, theshortsaledude, toorgeman123, D best Realtor, Nilufar Yeasmin
21439 Registered Users
Who's Online
0 registered (), 130 Guests and 3 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box

Top Posters (30 Days)
Vermont 80
KingofBPOs 55
Brit16 51
DueDiligence 37
Bigtoe 36
johnnyloans 34
super realtor 34
Averis 34
Kjmendy 33
SoldWithVideo 32
RIzwan 29
shurdul 28
Scintillion 25
Doin' bpose 25
75Corvette 25
(Views)Popular Topics
No new orders today 4754646
I MAKE 100 COLD CALLS EVERY DAY & LOVE IT! 2704370
Stupid MLS comments. 958504
EML 458010
Evalonline 299689
What do you know about Froy Candelario, top agent in USA 290856
Land America 285007
New HUD Listing Brokers---Any Update? 269458
Mainstreet 261768
Pay it Forward - BPO/REO Tips & Tricks I & II 239271
Stupid QC comments and BPO requirements. 230272
Is there religious content in Buffini class? 225738
FARVV 177251
REOTRANS 160724
USRES / RES.NET 147658
Let's talk about our cars 147482
asset val seminar in colorado 144092
AVM Bpos 139643
FARVV 126764
PAS 118332
Featured Member
Registered: 05/21/12
Posts: 1

How To Advertise Here


This site presented by RNC Internet Services