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#311718 - 10/30/09 04:15 PM Re: NAR call to action on BPOs [Re: MontyC21]
CandyMan Offline
Major Contributor

Registered: 07/12/08
Posts: 2480
Loc: California
Originally Posted By: MontyC21
Of Course!!! Thing one and Thing two are my favorites!

I responded to several of the letter links and composed my own e-mail as well. I hope all this has some impact.

Am I the only one thinking that this was way overblown and that much of the comments made were tongue-in-cheek? I thought it was good natured ribbing?


I just think some nerves were hit......Showing concern is not a bad thing..I mean, we do take care of our own, in this forum. Could it have been handled differently?...maybe....I do my best not to judge. Some members had some concerns and voiced that....Their points were valid...."Good natured ribbing", or just having a "bad hair day"...I believe it's all and how you look at it. As stated in a earlier post, I just roll with it.......

Back on topic............

The emails I've received from various BPO companies appear to be a cookie cutter version of NABPOP's. No big deal.......As NAR hasn't addressed this issue, it apppears NABPOP is the alternative......There may be some movement by Congress or the appaisal group to eliminate us from doing BPO's....that was the case a while back. It's obvious that something is stirring the pot.......
_________________________
PONDERISM:

"Life isn't about waiting for the storm to pass........It's learning how to dance in the rain".

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#311721 - 10/30/09 04:43 PM Re: NAR call to action on BPOs [Re: CandyMan]
R. Danneskjold Offline
Veteran Member

Registered: 04/10/06
Posts: 987
Loc: Galt's Gulch
....or they are getting out in front of it before it has too much momentum.

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#311726 - 10/30/09 05:34 PM Re: NAR call to action on BPOs [Re: R. Danneskjold]
smg Offline
Major Contributor

Registered: 02/16/06
Posts: 2127
Loc: United States
I did not get a letter from Protek...I am kind of surprised that these providers have all sent the same letter. I would have thought it more effective if they varied their piece from "the other guy"..

In terms of the issues here. I said I was done with it, so I should be biting my tongue. But, we can't unscramble eggs. At some point, hopefully she will come back. It is apparent that many folks, myself included, benefitted from the interactions. The barbs did not bother me, MSVJ received plenty of them from day one and I would bet she received a lot more grief than she doled out. I did learn from this that I had best be careful with my words and actually, I have been a bit loose in the past. So, I am making some changes to my "verbiage". But, isn't there a way to block somebodys posts if they really bother you that much? I know some forums you can do that if you have no interest in what somebody is saying...you can "kill file" them. I am not certain if we can do that here or not. but, it may be better than losing somebody that others have interst in...


Edited by smg (10/30/09 05:36 PM)

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#311730 - 10/30/09 05:56 PM Re: NAR call to action on BPOs [Re: Doin' bpose]
northtxbroker Offline
Major Contributor

Registered: 05/17/07
Posts: 1858
Loc: Texas
Originally Posted By: Doin' bpose
Did anyone else get a Single Source request similar to those discussed earlier in this thread. I sent mine in, added some new info.-that makes 4.

I wonder if it is having an impact?

Yes, I got that one as well, but Single Source did not fill out the mail merge correctly. It was titled "Example of email blast" and had many merge fields in it such as [Option Company]. It was the same email sent out by other providers. However, the one thing that was hard-coded into the mail merge was NABPOP and their contact info.....

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#311734 - 10/30/09 06:47 PM Re: NAR call to action on BPOs [Re: northtxbroker]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Mine was funny too now that you mention it. Earlier ones picked up my aol email, but this one went to outlook I think, which I do not use. So I ended up copying and pasting everything in to an aol message. I think since the 3rd one I have been trying to mix it up a little, especially in the subject line, and add some unique info.
_________________________
Trust your Maker. Watch your manager.

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#312194 - 11/03/09 08:46 AM Re: NAR call to action on BPOs [Re: CanDo]
Grampa Offline
Major Contributor

Registered: 06/30/09
Posts: 2255
Loc: Margaritaville
Quote:
The "hat", should anyone care is from Dr. Seuss - Cat in the Hat!!! Something that most children universally love!


Yes, I have a VERY well worn copy that I have read many times to them over the years. Of the 15 Grandchildren the youngest is just about to turn 1 and the oldest is getting her drivers license this month.

That is why they bought the hat for me, because of the many readings and the fact that I have always encouraged them to question all of the norms and expectations of modern society.
_________________________
"Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind."
Dr. Seuss

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#312632 - 11/05/09 02:05 PM Re: NAR call to action on BPOs [Re: Grampa]
grexley Offline
Member

Registered: 12/14/07
Posts: 461
Loc: usa
Sent in an email asking them to support BPOs. I hope NAR goes to bat for us.

I hope a lot of people emailed them. Unfortunately this is how the process works, and if appraisers make enough noise, and we make too little, we might see an end to BPOs.
_________________________
"The secret of success is to do the common things uncommonly well." - John Rockefeller

A Guide to Self Employed Health Insurance

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#312635 - 11/05/09 02:14 PM Re: NAR call to action on BPOs [Re: grexley]
Doin' bpose Offline
Major Contributor

Registered: 01/26/09
Posts: 2961
Loc: Old Dominion
Originally Posted By: grexley
Sent in an email asking them to support BPOs. I hope NAR goes to bat for us.

I hope a lot of people emailed them. Unfortunately this is how the process works, and if appraisers make enough noise, and we make too little, we might see an end to BPOs.


I sensed many of us did respond more than one time. It would be nice if NAR would take a stand and let us know where they stand. As far as an end to BPOs, hope not. I think they serve too many functions to go away anytime soon. This is covered in many other areas on the forum, but non origination orders are not relevant to this discussion and how many bpos have you ever done that are tied to loan origination?
_________________________
Trust your Maker. Watch your manager.

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#314323 - 11/18/09 12:44 PM Re: NAR call to action on BPOs [Re: Doin' bpose]
PalmBeach BPO Offline
Veteran Member

Registered: 07/15/09
Posts: 752
Loc: usa
I see email coming around again. Just got one from LSI.


Edited by patriots62 (11/18/09 12:45 PM)
Edit Reason: typo

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#315030 - 11/24/09 01:19 AM Re: NAR call to action on BPOs [Re: PalmBeach BPO]
Rocky Offline
Member

Registered: 05/05/07
Posts: 347
Loc: .
I don't agree that NAR should lobby to defend BPO's. NAR should not touch BPO's with a 10 foot pole.

Ask a simple question. Who benefits from the current system of dirt cheap BPO's?

Ask another simple question. What industry has the most significant political power in this country? (hint: it is not the real estate brokerage industry)

Ask a third simple question. What industry is constantly trying to undermine the real estate brokerage industry so that they can put real estate sales people on salary and fatten their profits at our expense?

WAKE UP FOLKS! This NAR/BPO thing is a RED HERRING designed to divide and conquer.

I want NAR defending the right of real estate brokerage to exist, from the greatest existential threat that we face, from our clients, the banks. I do NOT want the NAR defending the right of banks to get dirt cheap valuations. The banks have plenty of money and political power to defend that turf all by themselves. And they will, successfully, too.

But the banks want more. They want the whole enchilada, and that's where I want NAR concentrating their efforts. Defending our commissions and our right to commissions. That's already under assault too, from referral fees and other junk fees. If we dissipate energy on a peripheral matter like BPO's we will lose our meal ticket, the commission.

OK, so I am opinionated. But that is my opinion and I am sticking to it.


Edited by Rocky (11/24/09 02:06 AM)

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#315038 - 11/24/09 03:55 AM Re: NAR call to action on BPOs [Re: Rocky]
HUDLover Offline
Veteran Member

Registered: 11/20/07
Posts: 1404
Loc: Land of comps and drive by's.....
hear, hear Rocky..we HAVE to pay dues too to do business with the banks, anybody thought of THAT?
_________________________
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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#315049 - 11/24/09 09:10 AM Re: NAR call to action on BPOs [Re: HUDLover]
....J~ Offline
Veteran Member

Registered: 07/13/09
Posts: 800
Loc: USA
Just another side to look at since we're taking a peek into pocket books here...

BPO's are used for quite a few purposes. Banks use them for note trades to open up more cash to lend on properties. Without more cash to lend, you wouldn't be able to sell a house because no one could afford it.

Banks use them to help people with loan modifications. Someone already in financial trouble should have to also have the weight of a full appraisal added to their loan.

BPO's are used to release PMI's as well as to help determine if a bank should continue lending in areas. They are used as a secondary check to ensure the appraisal they got was not fraudulent.

They are also used by the government when there is a natural disaster (Katrina anyone? Or The California Wildfires?). These are paid by your tax dollars. Do you want your taxes to pay 400+ per appraisal on all the properties that are destroyed and given government subsidies because of it?

I think it's silly more people are not involved in backing this up.

J~
_________________________
"Competition brings out the best in products and the worst in people."

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#315054 - 11/24/09 10:07 AM Re: NAR call to action on BPOs [Re: CanDo]
CanDo Offline
Major Contributor

Registered: 06/16/07
Posts: 2062
Loc: Northern California
Originally Posted By: CanDo
Originally Posted By: smg

... This is not something that was initiated by NABPOP. Sure they sent a letter, but so did FISERV and FARVV. I do not believe those two companies are in bed with NABPOP. I do not know who posted that message about this being away for NABPOP to make money. Personally, I would be delighted if this turned out to be that....I do not think it is....My .02.


I don't think that it is out of line to notice that if the link provided didn't work, there was another link in the e-mail to NABPOP. So the question that is begging, is, who had this original thought and what precisely does it mean? Do you think that Equi-Trax or FARVV thought of this on their own or do you think that perhaps this is a well-orchestrated move on NABPOPs part? I see NABPOPs hand in this. I'd be willing to place money that these companies will go the way of EML. In other words, you want to keep working, get certified with NABPOP so as to overcome NARs reluctance to step up to the plate.

Do we need a certification??? No.


Since all roads seem to lead to NABPOP, I find it suspicious. While I am in favor of letting NAR know of our opposition to meddle into our abilty to do BPOs (pressure from the Appraiser contingent), I did and do find it odd, that all links contain a link back to NABPOP and that the emails are cookie cutter. Folks, I'd think about this. It's no different than anyone else putting their hands on your wallet. My original email from FARVV with the link to NAR worked. That's who I'd direct my reply to, not NABPOP. Let NAR figure it out from there.

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#315071 - 11/24/09 01:28 PM Re: NAR call to action on BPOs [Re: CanDo]
BpoBill Offline
Major Contributor

Registered: 09/24/06
Posts: 1967
Loc: US
I emailed Nar a couple of times. Bpos were a big chunk of my income last year so I want them to protect it.

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