Hey Everyone!

First of all, I want to acknowledge the enormous help this forum has been to build my new BPO business and continued education regarding new companies, tactics, etc. This place is awesome!!

I had an idea the other day, and I'm sure I'm not the first to have this idea, but let me know your thoughts anyway, will you?

Lately I've been doing a lot of interior's for people to remove their PMI (I always thought banks wanted a full appraisal for that??). I'm not sure what the homeowners are paying the bank, but I'm sure it's something. One contact said they had to send in $115, while I was paid $40 for an auto-accepted interior with one sold comp.

How about advertising in the paper a way for people to remove their PMI? Provide a BPO service for them, enabling them to provide your report to the bank. Or, have some sort of authorization to release loan information signed so we can deal directly with the bank for them and provide the report to have the PMI removed? And/Or provide a guarantee to the homeowner that if we cannot get the PMI removed with our report, it is no charge... some of us might think that's a bit risky, though! I suppose an initial thought is to just check with the bank to see if your report would be acceptable to determine the current market value. If the answer is yes... then proceed.

Any thoughts?

I would suspect that most banks would not accept a BPO from an agent that did the work directly for an owner. You may be the brother, cousin, etc. of the owner.

wow...$40 for an interior?

Yeah, that's what I thought. However, it was only a one Sold comp order not far from my neighbhorhood, no listing comps. It's a company that just assigns me orders, so I place a slightly higher priority on those versus others that I have to continuously click a Find Work button for, or drop what I'm doing and sprint to a computer immediately when I get a notification of a broadcasted order on my cell phone. It's just so much nicer to just be given the order.