Hey all,

I know that many of us come to here to learn about doing BPO's. Since I've recently made an instruction manual available to local agents in my area, I thought many of the members here might find it useful.

You can get more information about the manual at my website under the BPO Training link on the lefthand side of the site.

Thanks,

robyn,
Am I missing something? All that's on that page is an address to mail a $20.00 check to. How about a little info?

Dang, i will email everyone a brochure that I can develop on doing BPOs for $15!!!!!!! I can't imagine how it could be more than about 4 pages. Doing BPOs are just not that hard.

Katie,

The manual explains BPO's from A to Z with simple instructions from start to finish in a 30+ page manual. Included are all the companies available to work with, their contact information, their payscale, how long they take to pay, as well as, and more importantly, who not to work with. Along with sample BPO's, answers to ALL the questions that EVERYONE asks when they start BPO's, etc.

Gig em,
If you've been around this forum for very long, it's simple to see why the manual would be MUCH longer than 4 pages. How many pages on this forum alone with the same questions posted over and over and over?? How many agents looking to do BPO's with no clue where to begin? A lot of time was put into it and a lot of research done and information provided so that the newbie doesn't have to spend the time piecing it all together bit by bit. It's not brain surgery once you learn it, but half the agents I know don't even know the opportunity exists to them.

All of the agents I've provided the manual to thus far have been very greatful that I explained to them that the BPO opportunity even exists. If someone had all this information in one place, it would have saved me A LOT of time and seems others appreciate having it laid out for them as well.

Thanks,

Agree that many newbies will appreciate.

Every company has their own partcular set of guidelines to follow in the development of an assessment of value for them.

Just curious, but what does your manual say about bracketing the comparables, or market specific dollar adjustments for age, location and condition, or determining the appreciation/depreciation percentage for a neighborhood?

robyn,
Sounds like a good thing for people just starting out w/BPO's!

All of these elements are covered in the manual and these are the specific types of questions that those new to BPO's need answered. Of course all companies and markets vary in one aspect or another and ongoing email support is offered to have questions answered for specific situations.

Thanks,

Do You Accept Paypal?

Maf4800,

Sorry, I don't have a Paypal account at this time. I may have one soon, though. In the meantime, if you mail your payment and want to receive the manual faster, include your email address and I'll email a soft copy, rather than you having to wait for snail mail.

Thanks,

I thought is was just an instructional manual and how to do a bpo...that would be about 4 pages. The contact info on the companies would be a great resource to have. You may find out that you will have a hard time keeping it up to date and complete as companies such as Source One have at least eight different BPO forms that they use, each requiring varying information and image combinations. To a new agent it surely could save them some time, money, and mistakes.

Gig em,

That is the goal. To save them time, money and most importantly mistakes. I plan to keep the manual updated with ongoing editions. Of course, all BPO forms will be somewhat different, so I'm not including a BPO form from all the companies. Only a few completed BPO's for example purposes.

It's doing well in my area thus far and hopefully will help some Agents Online members as well.

Thanks,

The only problem that I can see, and I guess it would be a good problem to you, is that if the manual caught on, there would be a tremendous number of agents trying the BPO market and both diluting the #s per agent and also diluting the quality of the work which would reflect on all of us.

I wonder if the new agents realize that if you are good at this and do a good job, you will get buried with work. I recieve 37 BPOs today from one company, due early next week. Add that to the 10-15 that I will normally get in a three day period...that is a lot of work.

Dang! That IS a lot of work. Good for you! The other reason that I'm showing others the opportunity is that I know % of agents in this business that will never work, or get very little business. It might give them some hope to know that they can make some money and potential listings by getting involved in the BPO market. I know the importance of quality work when dealing with BPO's and a large section of the manual is focused directly on quality work.

Our market is very busy BPO wise, but I've never received 37 in one day!

You'd better get to work!

As far as listings go, probably 75% of all BPOs are not for listings or even a remote chance for listings. Most are for refi's, dropping PMI, cash-outs, etc. Probably one of the best things you could offer is a table of those BPO companies that do pre-forclosure BPOs and those that are purely for other non-potential listings. I know that I work off my table in that if I am pushed for time, I make sure I am not late on the prelisting BPOs. Those if you factor in the commissions off the listings, you get paid about $200 each, while the others are the flat $45 to $80 depending on company and location.

Another point you need to make is that if an agent does great work, after a proven track record you can negotiate rates and deadlines.