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#56661 - 06/29/06 10:47 PM Re: eMortgage Logic?
Allen Team Offline
Member

Registered: 04/05/06
Posts: 295
Loc: Roseville
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?
Gig em Offline
Veteran Member

Registered: 06/15/05
Posts: 1245
Loc: Texas
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?
Gulf Winds Offline
REO Slave
Major Contributor

Registered: 02/04/06
Posts: 1715
Loc: USA
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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#56664 - 06/30/06 09:18 PM Re: eMortgage Logic?
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 8479
Loc: georgia
Eml drives me nuts they ar sending about 3 a day to me all 20 miles outside of my area!I know they have close by ones but i hardly ever get those.

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#56665 - 07/01/06 02:41 AM Re: eMortgage Logic?
Makin' Money Offline
Veteran Member

Registered: 04/01/06
Posts: 1280
Loc: Indiana
Does anyone else have some weird amount when you look at your payday amount? I did about 7 orders for EML in the last couple weeks that still say "Being processed" and they show that they sent me a check for $35 for one order! I didn't do anything for them for $35. Strange.

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#56666 - 07/01/06 03:22 AM Re: eMortgage Logic?
OnHolidayRE Offline
Member

Registered: 05/31/06
Posts: 230
Loc: Pasco county, Florida
I never looked at the payday amount, just the completed orders and the actual check. But then, I've only gotten one check so far...

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#56667 - 07/01/06 05:09 AM Re: eMortgage Logic?
Retsof Yor Offline
Veteran Member

Registered: 12/03/05
Posts: 692
Loc: South Central Kansas
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
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Cert. Vendor Resource Management REO Specialist
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http://www.investment-properties.org

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#56668 - 07/01/06 05:30 AM Re: eMortgage Logic?
Coffeegirl Offline
Member

Registered: 06/24/06
Posts: 48
Loc: Ohio
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...
_________________________
Venice Real Estate

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#56669 - 07/02/06 06:42 AM Re: eMortgage Logic?
zephyr Offline
Major Contributor

Registered: 08/10/05
Posts: 1662
Loc: Missouri
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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#56670 - 07/03/06 04:40 AM Re: eMortgage Logic?
Coffeegirl Offline
Member

Registered: 06/24/06
Posts: 48
Loc: Ohio
Anyway to tell which BPO companies deal with what banks?? There are a couple banks out my way that if I were to know who they outsource to, I could sign up for thema nd may be increase my workload...I would eventually like to do some reo's. Has anyone ever just called the banks and asked?
_________________________
Venice Real Estate

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#56671 - 07/03/06 08:54 AM Re: eMortgage Logic?
Allen Team Offline
Member

Registered: 04/05/06
Posts: 295
Loc: Roseville
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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