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#313808 - 11/13/09 11:15 PM Altisource Portfolio Solutions
richb Offline
Member

Registered: 11/28/08
Posts: 62
Loc: Northern New Jersey
Has anyone worked with this company and if so any feedback?
Thanks

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#314162 - 11/17/09 09:49 AM Re: Altisource Portfolio Solutions [Re: richb]
AaronZ Offline
Member

Registered: 06/29/09
Posts: 20
Loc: MN
I was actually just contacted by them asking if I would be interested in doing some work for them last week. I have not been able to do any research on them yet besides going to their website. I just have not had the time. But I think I will make time to do so.

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#314369 - 11/18/09 05:35 PM Re: Altisource Portfolio Solutions [Re: AaronZ]
Laura Anderson Offline
Junior Member

Registered: 02/08/06
Posts: 3
Loc: Lodi, CA
this is ocwen

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#314426 - 11/19/09 06:46 AM Re: Altisource Portfolio Solutions [Re: Laura Anderson]
New Jersey Realtor Offline
Member

Registered: 04/18/06
Posts: 186
Loc: New Jersey
richb .... what part of Jersey?

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#314448 - 11/19/09 11:10 AM Re: Altisource Portfolio Solutions [Re: New Jersey Realtor]
richb Offline
Member

Registered: 11/28/08
Posts: 62
Loc: Northern New Jersey
We are located in Elmwood Park, NJ but we service Bergen, Passaic, Hudson, Essex and Morris Counties.

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#319265 - 12/26/09 06:55 PM Re: Altisource Portfolio Solutions [Re: richb]
Louise Offline
Member

Registered: 12/26/09
Posts: 14
Loc: Dallas, TX
Altisource is a subsidiary of Ocwen and the time it takes to get the work depends on what you signed up for. Currently they are running 3 platforms. They have traditional PP work that they assign, then they have this new deal where they give you inspection orders in batches, 10 days to complete them, and if the particular property you did the inspection on ends up needing PP then you get the job. Inspection orders pay $6 but the form is super easy to complete and THEN they have a business verification dept, which is new, where they pay you $25 to deliver a letter to a business and verify they exist. Altisource also has an REO division for Realtors. If you are signed up for any one of these deals, make sure you ask to sign up for the others, as well. You will then have to go through their annoying training but it increases your chances of getting more work.

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#319887 - 01/01/10 01:49 PM Re: Altisource Portfolio Solutions [Re: Louise]
WendyMJ Offline
Member

Registered: 09/08/09
Posts: 44
Loc: Atlanta, GA
I just got approved with Altisource: bpo is $35 and cma $65
Is this just a mill or a source for possible listing? Any information would be helpful.

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#319894 - 01/01/10 02:58 PM Re: Altisource Portfolio Solutions [Re: WendyMJ]
richb Offline
Member

Registered: 11/28/08
Posts: 62
Loc: Northern New Jersey
I just signed up with them to do pp work here in NJ. I was told they should have 150-200 homes coming up this month. We will see.

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#319957 - 01/02/10 10:13 AM Re: Altisource Portfolio Solutions [Re: richb]
WendyMJ Offline
Member

Registered: 09/08/09
Posts: 44
Loc: Atlanta, GA
Atlisource bpo and cma is this just a mill or a source of possible listig. There bpo are below the norm.

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#320045 - 01/02/10 10:43 PM Re: Altisource Portfolio Solutions [Re: WendyMJ]
bsareo Offline
Member

Registered: 02/07/09
Posts: 309
Loc: Somewhere in the desert
What types of businesses and could a runner deliver the letters?

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#321206 - 01/11/10 12:28 PM Re: Altisource Portfolio Solutions [Re: richb]
LV Carol Offline
Junior Member

Registered: 01/11/10
Posts: 1
Loc: Nevada
Yes I currently do have them as a vendor in Las Vegas. They do have a lot of work but you now have to compete for it since Altisource came into the game they are really starting to undercut you as much as possible. Regarding getting paid you must stay on top of them if not they will not review it and only approve it until you contact them and complain. Customer service is located in India. There is sometimes an accent barrier and you may have to ask for them to repeat themselves to understand them unless you are from india. They may not also understand what may need to be done to the property in the different states in order for them to pass the apprasal inspection to fund the loan. Once they do know what needs to be done to get rid of the REO they will want it done within 7 days or less. They want cheap and fast. I hope this helps you.

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#323116 - 01/21/10 02:51 PM Re: Altisource Portfolio Solutions [Re: WendyMJ]
Ladyshay Offline
Member

Registered: 01/06/10
Posts: 113
Loc: TN, USA
When they were Ocwen you were able to go up on the price now they are set in my area at $40 for a BPO and $65.00 for a CMA. They are not a Mill and could turn into a listing. Before you would have to do around 20 and they will evaulate you for a listing now it's not a limit.

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#324657 - 01/30/10 11:35 AM Re: Altisource Portfolio Solutions [Re: bsareo]
Louise Offline
Member

Registered: 12/26/09
Posts: 14
Loc: Dallas, TX
They are all different types of businesses, some are just to verify the business exists for credit card terminals, some are to deliver letters for other transactions... I don't see why you coulnd't have a runner do them... it's sort of like when I send my subs out for the prop pres.... Oh, I got 3 prop pres orders from the $6 ($5.85 after their fee for depositing) inspection orders for residential... I send someone to do all of those, too.
We wait until we have 10 in an area and then I send my runner out to get the pics. If the property is vacant, we get the preservation. I currently am their exclusive vendor in my area so I get a lot of orders!


Edited by Louise (01/30/10 11:37 AM)

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#325199 - 02/02/10 06:31 PM Re: Altisource Portfolio Solutions [Re: Louise]
terry714 Offline
Junior Member

Registered: 06/06/09
Posts: 8
Loc: NORTH EAST FLORIDA
I need to know if a home in Jacksonville, Florida has to be registered as vacant which is one of the inspection questions. Does anyone know the answer???

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#330248 - 03/08/10 06:16 PM Re: Altisource Portfolio Solutions [Re: terry714]
Louise Offline
Member

Registered: 12/26/09
Posts: 14
Loc: Dallas, TX
just cheat and use the safeguard list http://www.safeguardproperties.com/vpr/city.php

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