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#455750 - 12/05/16 05:53 PM Re: RE: Landsafe-Bank of America BPOs: Major Issue-Need Assistance ***** [Re: PalmBeach BPO]
Char K Offline
Veteran Member

Registered: 02/25/08
Posts: 831
Loc: USA
The number of bpos in my area has increased dramatically in the past 3 months. When I originally started bpos I probably would have been estatic with all the orders coming my way. Even though I knew what the number of orders meant, I don't think really knew what the impact was going to be on my re business.....today the number of orders that fly my way, makes me wonder about what lies ahead. Is this the short sale market turned foreclosure; is there another shadow inventory that will change the landscape of our market again?

Interesting question would be is how many of you are much more selective in the bpos you accept. In terms of forms, fees and location. I now have my favorite companies who have continued to maintain higher fees and really don't want to jump for a company that has continued to lower their fees and have no regard for experience or the expertise need to get bpos done in a timely fashion.

There will always be newbies to take my place so it makes sense to me to do work for the companies that at least pay better than most!


Edited by Char K (12/05/16 05:56 PM)
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Licensed Realtor since 2000

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#455979 - 12/20/16 09:07 PM Re: RE: Landsafe-Bank of America BPOs: Major Issue-Need Assistance [Re: PalmBeach BPO]
CentralFLbeepo Offline
Member

Registered: 01/27/11
Posts: 163
Loc: Florida
It's been pretty much dead for most of 2016. However, I had a big drop of orders just last week and picked up another lump of orders just today.
There have always been an increase in orders in December but this year has been a lot less than previous years. I'm waiting to see what happens in the first quarter of 2017. If things don't pick up (and I know many of you say BPOs are dead for good etc.), then I might jump on the rental band wagon. My husband has been doing very well with rentals and there's more business coming in daily. Not my first choice but better than working at Walmart, right?

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#456860 - 03/08/17 09:16 PM Re: RE: Landsafe-Bank of America BPOs: Major Issue-Need Assistance [Re: CentralFLbeepo]
BpoBill Offline
Major Contributor

Registered: 09/24/06
Posts: 2299
Loc: US
Originally Posted By: CentralFLbeepo
It's been pretty much dead for most of 2016. However, I had a big drop of orders just last week and picked up another lump of orders just today.
There have always been an increase in orders in December but this year has been a lot less than previous years. I'm waiting to see what happens in the first quarter of 2017. If things don't pick up (and I know many of you say BPOs are dead for good etc.), then I might jump on the rental band wagon. My husband has been doing very well with rentals and there's more business coming in daily. Not my first choice but better than working at Walmart, right?


Bpo's are not dead for good. Markets shift and we are due for one.

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#457031 - Today at 08:12 AM Re: RE: Landsafe-Bank of America BPOs: Major Issue-Need Assistance [Re: BpoBill]
CentralFLbeepo Offline
Member

Registered: 01/27/11
Posts: 163
Loc: Florida
I'm not meaning to say BPO's are dead for good, period. It's just been very slow and going through my files, volume has been steadily declining. I know it's going to pick up again eventually (can't wait! I love doing BPOs)

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