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#56661 - 06/29/06 10:47 PM
Re: eMortgage Logic?
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Member
Registered: 04/05/06
Posts: 295
Loc: Roseville
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By not accepting the fees that EML pays, you have eliminated two other good companies (I find them to be good anyway), LandAm and Harbor. All three of these companies pay about the same. Good luck to you but if I were you I would probably change your attitude a little or you will probably have a hard time succeeding in this business.
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#56662 - 06/30/06 03:19 AM
Re: eMortgage Logic?
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Veteran Member
Registered: 06/15/05
Posts: 1245
Loc: Texas
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To me, it's not only what they pay but how long it's going to take me to complete the work. ONe company only pays in the high $30's but only requires 1 sold comp, no photo and that is all. If the properties are close-in in a suburb, I can do 4 or 5 of them an hour. That is better than a job that is 30 miles away and hard to find comps.
_________________________
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#56663 - 06/30/06 06:02 PM
Re: eMortgage Logic?
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REO Slave
Major Contributor
Registered: 02/04/06
Posts: 1715
Loc: USA
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UPDATE:
They called me this morning and asked if I could perform an order for them. I told them that I was getting paid a minium of $65 from other companies. The rep was really nice and agreed to the increase. They raised my fee to $65 on the 3 that were available and updated my file to reflect my minimum fee as $65.
Just thought I'd let you guys know. I received another 2 this evening and they already had the $65 fee noted!
I assume I'm either lucky or am in an area where they don't have many reliable agents to perform work for them.
I'll agree with others here, the form is easy to use. All of mine are the V forms.
Again, thanks for the replies.
Scott
_________________________
"There are people who make things happen, there are people who watch things happen, and there are people who wonder what happened. To be successful, you need to be a person who makes things happen.." - James Lovell- Astronaut
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#56667 - 07/01/06 05:09 AM
Re: eMortgage Logic?
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Veteran Member
Registered: 12/03/05
Posts: 692
Loc: South Central Kansas
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I can agree with you all of EML attributes of easy forms and clock work payment. I was disappointed to learn after they took the GMAC account, my orders dwindled from them and of course GMAC work dried up too...high rankings with both companies notwithstanding.
_________________________
Roy J Foster, KS Lic #BR0039462 R J Foster & Assoc., LLC Cert. A*REO Agent Cert. FHA Inspector ID G551 Cert. FHA 203K Consultant ID D0631 Cert. FHA LBP Maintenance Supvr ID 7534 Cert. Vendor Resource Management REO Specialist 316-771-7419 http://www.investment-properties.org"I am only as strong as the coffee I drink and the hairspray I use."
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#56668 - 07/01/06 05:30 AM
Re: eMortgage Logic?
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Member
Registered: 06/24/06
Posts: 48
Loc: Ohio
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I just signed up with eml 2 weeks ago and have gotten 3 orders...1 interior $80 and 2 exterior $45/$55. From the beginning, I have thanked my rep for the work...not sure if it makes a difference. Im new to the bpo's and really in a strange way like them. I use it as my busy work as my family and I just moved to a new area and I had to start my business over (after 5 years in one area!). So I do these to supliment my income and keep me busy while in the office. I have learned so much about my new market area as well! I have signed up for about 50 companies (most I got from reading posts). I have done 6 in the last 2 weeks...im thinking there may not be too many agents doing these in my area  . Im continuing to search for more to sign up with...
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#56669 - 07/02/06 06:42 AM
Re: eMortgage Logic?
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Major Contributor
Registered: 08/10/05
Posts: 1662
Loc: Missouri
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I have to think twice about doing any $50 orders, as I'm used to getting more from auto-assign companies. IF I get a lower-fee order and it's not too far away or I'm going to that area anyway, I grab 'em- other than that, they can get passed on to the hungrier agents. Of course, "my area" consists of 9 counties with numerous small towns scattered through the hills. So just about anywhere I go it's 50 or more miles round trip, and only a few counties fax records- most you have to go to, which can add a lot of miles/time to the trip. Most of the time, $50 just isn't worth it to me. I do like EML and try to get their orders, but if I will be losing money to do the job, I'll pass.
_________________________
REO Broker since 2004
"And think not you can guide the course of Love, for Love, if it finds you worthy, will guide your course" K.Gibran
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#56671 - 07/03/06 08:54 AM
Re: eMortgage Logic?
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Member
Registered: 04/05/06
Posts: 295
Loc: Roseville
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Yes, we have some local credit unions in my area and I called their real estate loan deparment and asked who they use. I happen to already be getting work from the company they use, just never received any requests from the credit unions. I guess I will down the road. Good luck and never hesitate to make contact. Happy 4th!!
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Registered: 02/25/05
Posts: 2232
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