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#39242 - 01/10/06 06:56 AM Post Your Two Cents-Sale of BPO info on E-Bay
amplet Offline
Veteran Member

Registered: 08/10/05
Posts: 844
Loc: MN
 Quote:
Ok, you've all been asking for websites and it seems that each time you ask for it the conversation ends or they ignore it all together. Well I decided to offer my links to anyone that is interested. Visit the Product and Services forum for more information. I have close to 130 links to BPO and Asset Management companies that I've accumulated over lots of hard work, etc.
The above was posted in the "ASG Mortgage" Post, by another member,WABPOREOAgent.
The above mentioned information is now posted on E-bay for $395.
Your thoughts please......

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#39243 - 01/10/06 07:00 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
Real Deal Offline
Member

Registered: 08/15/05
Posts: 295
Loc: Northville
I would think that some of the companies might not be happy that their info is being posted and sold on Ebay. If he is signed up with these companies he might not be for much longer if they find out what WABPOREO is doing
_________________________
Pitt Meadows Real Estate

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#39244 - 01/10/06 07:01 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
This I feel is a duplicate post and I would cut/paste it and move it to the topic this fellow made for debate.

We have conversed about it and I felt it should be in the products and services category as it really is solicitation but advised I would leave it unless someone commplains. If an when you move this post I will move mine and delete this thread.

Edit: Ok it was moved already so I am not closing the post but I made a follow up comment when he first posted it here.

Also I moderate products and services I could have moved the topic there. Was it deleted mods? Try to close the topic if you cannot move it. Now I have to re-type my comments. grr lol just time I hate re-investing. I will stop crying. It is ok. I am also not exactly sure what happened so let me know.

Another edit: I am implying either moved or deleted and reposted since my comment is not in the post over in the section.
_________________________

"Closing Mortgages Since 1999"
Web: Mortgage Loans Message Board Blog

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#39245 - 01/10/06 07:10 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
Sorry to make another post instead of editing but here are my thoughts.

I feel the forum likely has most of the data he is putting in the list. I feel his list may be based on first hand dealings with those companies and has excellent value (possibly I would have to see it to have an accurate opinion)

Someone can "invest" hours upon hours sifting through posts and maybe even running into incorrect information and having to weed that out while wasting precious money making time doing so.

The list idea is great for those who value their time.

Edit: Real Deal that is an excellent point!!!! Never thought of that. Wap you should consider that as litigation could be threatned
_________________________

"Closing Mortgages Since 1999"
Web: Mortgage Loans Message Board Blog

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#39246 - 01/10/06 07:47 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
ky realtor Offline
Major Contributor

Registered: 04/21/05
Posts: 1879
Loc: kentucky
 Quote:
I would think that some of the companies might not be happy that their info is being posted and sold on Ebay. If he is signed up with these companies he might not be for much longer if they find out what WABPOREO is doing
I agree, and I think they need to know about it.
_________________________
Comments made are my opinion, and not intended to be legal advice of any kind.

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#39247 - 01/10/06 07:49 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
WABPOREOAgent Offline
Member

Registered: 12/30/05
Posts: 79
Loc: Washington
Well I just have to respond.

KY, you have agents spending hundreds of dollars, and I mean hundreds to enhance, just get listed with, or to add zip codes to their service area for ONE website. $395 for a list of around 130 companies is a very small price I do believe since the number one question on this board is, Do you have the web site address?

Maybe it's the, "Why did I think of that" syndrome.

Also, why in the world would any company care whether I was offering this list? The information is on the internet and through other sources, it's not rocket science here.
_________________________
Bakersfield Real Estate

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#39248 - 01/10/06 07:54 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
Explain what data the list contains. That will define the list for everyone to understand and give a more accurate opinion.

What do you think Wab? You above post makes complete sense and I eve acknowledged that this stuff is somewhere within this board.

I really feel we need to define the content of it before jumping to conclusions.
_________________________

"Closing Mortgages Since 1999"
Web: Mortgage Loans Message Board Blog

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#39249 - 01/10/06 08:04 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
WABPOREOAgent Offline
Member

Registered: 12/30/05
Posts: 79
Loc: Washington
The list contains almost 130 links to varios BPO and Asset Management companies. Most you can sign up online, send an email, or provides information on how to submit an application. The name of the company along with a link to their website is included, some links have notes on how to apply. It's all done in WORD. These are links that I've accumulated over many, many hours work.

Here is how I see it. You can run down to the store and buy the beef, lettuce, tomato, onion, cheese, mayo, etc or you can run over to Burger King and buy the darn burger. Its there if you want it, but no one is forcing you to buy it. I'm not out to make a living, I just thought it was a NICE thing to offer since there are so many people on this forum that are looking for answers.

BTW, I'm co-owner of my firm, hold 5 REALTOR designations, member of about 9 associations, active in my community in business, sponsors, etc. Hence the reason it's on Ebay. If someone was to get the list and didn't see the value, than post feedback on Ebay. They also offer buyer protection as well as seller protection.
_________________________
Bakersfield Real Estate

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#39250 - 01/10/06 08:04 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
ky realtor Offline
Major Contributor

Registered: 04/21/05
Posts: 1879
Loc: kentucky
 Quote:
Explain what data the list contains.
I would imagine you have to pay $395 for that! Its a free country. If someone would buy a potatoe chip with a face on it, then I guess they would pay for anything.
_________________________
Comments made are my opinion, and not intended to be legal advice of any kind.

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#39251 - 01/10/06 08:23 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
clintastic Offline
Member

Registered: 05/04/05
Posts: 92
Loc: Minnesota
I think it's a great idea. I've been considering jumping into the BPO market for a while now, and after doing some investigation, I decided it was too much work for my short term goals. However, if this list contained information about if the company paid, their timeline for wanting work done and delivering payment, I could become interested.

I think $395 is a bit more than I'd like to pay, but if the price was lower, I think it would sell.

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#39252 - 01/10/06 08:39 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
AgentinMA Offline
Member

Registered: 12/31/05
Posts: 243
Loc: Boston Metro
If I were an agent just starting out and needed to get my feet wet quickly I might pay for that info. I do however think by purchasing it I would miss out on some very valuable information. By sorting through the posts here I know what companies are good , what ones are bad, the slow pays, the no pays, the ones you get listings from etc etc etc... In my opinion you'll be better off in the long run doing your own leg work.

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#39253 - 01/10/06 08:51 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
Greg Phillips Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1372
Loc: Lancaster, Ohio
AWESOME POINT OF VIEW!!!!

Thanks!!!!! \:\) \:D ;\)


WAB I say you deserve a huge thanks!!!

I love your analogy.
_________________________

"Closing Mortgages Since 1999"
Web: Mortgage Loans Message Board Blog

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#39254 - 01/10/06 09:45 AM Re: Post Your Two Cents-Sale of BPO info on E-Bay
WABPOREOAgent Offline
Member

Registered: 12/30/05
Posts: 79
Loc: Washington
 Quote:
Originally posted by clintastic:
I think it's a great idea. I've been considering jumping into the BPO market for a while now, and after doing some investigation, I decided it was too much work for my short term goals. However, if this list contained information about if the company paid, their timeline for wanting work done and delivering payment, I could become interested.
I think we would all like to know who paid...You just never know. Today I can tell you that eMortgage pays like clock work and tomorrow they stop. I've always done minimal work with new companies until they pay.

Regarding timelines. Typically the turn-around time on a BPO is 72 hours, but you will also receive rush orders. I've seen a BPO come in with a deadline within hours. Companies typically don't have a set time. It depends on their client and the paticular order.
_________________________
Bakersfield Real Estate

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#39255 - 01/10/06 12:55 PM Re: Post Your Two Cents-Sale of BPO info on E-Bay
Angie 0729 Offline
Major Contributor

Registered: 08/08/04
Posts: 1610
Agree with KY! You are making money off their name and co, they may want a cut of your profit if you get any buyers!

Angie

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#39256 - 01/10/06 01:29 PM Re: Post Your Two Cents-Sale of BPO info on E-Bay
amplet Offline
Veteran Member

Registered: 08/10/05
Posts: 844
Loc: MN
When I started this post, I didn't have an opinion either way, I just thought it would make for an interesting discussion, no harm was intended. I will say that it was bold, and I wish I would have had the time over the past month to compile a list of 130 BPO companies. But I happened to be in the middle of completing 130 BPO's. I think it is very impressive.

Now we have a place to send the new people when they ask "What's the website for that company?".

To which the answer could be "www.eBay.com".

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