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#43614 - 02/21/06 07:55 AM TransUnion
OmahaAgent Offline
Member

Registered: 02/21/06
Posts: 78
Loc: Omaha, NE
Hey All...

First-time poster, long-time lurker in Omaha, NE. I signed up with TransUnion the other day, got an email saying my account is set up, and I log in and there's no orders. I expect that I guess, but in your experience, how long does it take before you start to see orders from TransUnion?

Thanks!!

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#43615 - 02/21/06 11:45 AM Re: TransUnion
Slappy Offline
Member

Registered: 12/15/05
Posts: 136
Loc: Ohio
From what I have seen they primarily stick with people they have used in the past.

I have gotten a few orders from them, but I know another agent in my area that gets up to one per day from them.

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#43616 - 02/21/06 12:15 PM Re: TransUnion
patty Offline
Member

Registered: 03/14/04
Posts: 302
I would think it depends on the area. Sometimes you might get one a month - sometimes three or four a week. It took awhile to get my first one I believe. Be patient!

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#43617 - 02/21/06 06:18 PM Re: TransUnion
neighborpro Offline
Member

Registered: 05/04/04
Posts: 182
Loc: @PC pulling comps
Be prepared to provide a quick turn around!!!
_________________________
Neighborpro, MBA & MPM
BPO's since 2002/REO's since 2003
Licensed Broker

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#43618 - 02/22/06 06:42 AM Re: TransUnion
theghosthorse Offline
Member

Registered: 11/13/05
Posts: 60
Loc: Mesa, Arizona
Can one of you folks provide the link for Transunion? Thanks!

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#43619 - 02/22/06 07:02 AM Re: TransUnion
OH REO Offline
Veteran Member

Registered: 12/07/05
Posts: 543
Loc: Ohio
How much are you getting for a Transunion order? I did a ton of work for them up until about 3 years ago. They sent an email saying that they were cutting fees from $75 to $38. I told them to take me out of the database.

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#43620 - 02/22/06 07:11 AM Re: TransUnion
Gig em Offline
Veteran Member

Registered: 06/15/05
Posts: 1245
Loc: Texas
Transunion jobs are only good if you are scheduled to drive by the property or you are getting a slew of them. With their one comp/no photo evaluations, you can do about 3 of those an hour. The key is to only accept those that are on your regular routes of travel.
_________________________

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#43621 - 02/22/06 02:24 PM Re: TransUnion
OmahaAgent Offline
Member

Registered: 02/21/06
Posts: 78
Loc: Omaha, NE
If you let me know your email address, I will email you the TransUnion application and instructions.

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#43622 - 03/02/06 03:58 PM Re: TransUnion
OmahaAgent Offline
Member

Registered: 02/21/06
Posts: 78
Loc: Omaha, NE
HEY! I received my first TransUnion order this morning. It is a $30 "Alternative Valuation Exterior Report".

Okay, here's my stupid question:
According to what I've read, I actually have to physically drive by the Subject, correct?

Somehow I seem to recall someone mentioning it's a desktop-only valuation, because of the low fee. It only requires one comp and no pictures. Anyone have experience with this type of report?

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#43623 - 03/02/06 07:41 PM Re: TransUnion
BPO2007 Offline
Member

Registered: 10/24/05
Posts: 92
Very easy it only takes a few minutes. Some agents drive by some don't, it depends. Me, I only take them if it's close by, if I have other photos in the area. To be safe I always drive by to make sure the house is still in tact. Quick turn around, and you will get the work. They also do interiors, no photos. I get about 5+ a week.

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#43624 - 03/04/06 08:04 AM Re: TransUnion
patty Offline
Member

Registered: 03/14/04
Posts: 302
I always take at least one photo even it isn't required. It's for MY records.

What if the place burned down the night before? You never know unless you check it out! C.Y.A!

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#43625 - 03/05/06 11:21 AM Re: TransUnion
Gig em Offline
Veteran Member

Registered: 06/15/05
Posts: 1245
Loc: Texas
All the TU orders that I have ever received had the statement on the bottom that declares that the person doing the evaluation viewed the property. I always drive by, 100% of the time, and always take a photo of the house, the house # and the street sign. I had a TU exterior a year or so ago that due to my value estimate the owner complained and said that the agent could not have driven by the house. TU emailed me and acused me of not seeing the house....actually assumed that I didn't. I emailed the TU state rep back the photos that I took and asked them to kindly take me off their site and their solicitations as I would never work with them again.

About a day later the TU manager, the state rep's supervisor, called me and was basically Ki$$ing my !!! to get me back.

No problems since.

That's the best reason to do the best job you can. If you do, the companies don't want to lose you and you have leverage.

If you always take the street sign first, then the house #, front view, etc. you can always go back in you photo inventory and get photos from years ago. I will bet that I have 4 or 5 gigabytes of photos stored on my external backup hard drive from the past 4 years of work.

If you store them by calendar year, they would also be a great resource ever ever subject to an IRS mileage audit.
_________________________

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#43626 - 05/31/06 05:59 PM Re: TransUnion
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
I have a problem with an interior BPO I did for TransUnion. It's a manufactured home on 70+ acres - half cropland, half woodland. Of course there are no sold comparables like this in the area. I used other similar manufactured homes (2 on 2 acres and 1 on 10 acres). They had a place to write land value for the subject. The land is worth about 6 times more than the house. There is no place to write comments on their forms and no place to write adjustments. They just have prewritten comments and none of them are good enough to explain the situation. I hit submit and it won't let it through because of their "errors" saying that my comps are valued at less than half of the value of the subject. What am I supposed to do? I guess I'll have to call them in the morning. It's fairly frustrating because they have no flexibility in their forms whatsoever. If anyone has any suggestions, please let me know.
Thanks.

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#43627 - 05/31/06 06:31 PM Re: TransUnion
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
Shoot. I really screwed up. Forgot to get the manufacturer, serial #, off the tag in the home- since it was a manufactured home. I've never done an interior on a manufactured for TransUnion before and forgot they wanted this. I guess I'll have to call the homeowner in the a.m. This order is ending up to be a royal pain in my.....

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#43628 - 06/01/06 04:45 AM Re: TransUnion
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
I called TransUnion and my rep wants me to only value the house and 5 acres. She also wants me to change the zoning to residential instead of agricultural so the form will allow me to submit. There is no where for me to comment on what I'm doing and what the actual situation is. I don't want to submit it this way. The owners are going to think I'm crazy only valuing this in the mid 100,000s instead of the mid $700,000s (which is where it should be with the land value)
HELP!!!!!!!!!

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