Читать книгу Magic BPO Success Secrets - Cory Ph.D Boatright - Страница 15

Paying for a BPO

Оглавление

The BPO work doesn’t pay much money at all. In fact, the average BPO, who does strictly BPO work, can make anywhere from one thousand to ten thousand dollars a month! The BPO field has become quite competitive over the past few years. Thus, why many lenders that outsource their BPOs will only stick with the BPOs they are familiar with and will rarely go to a new vendor. The barrier of entry can be tough for new agents.

Nearly always, a BPO will be less expensive than a APPRAISAL, because the amounts of information that goes into the report, and the type of reports they are required to fill out differ, being that a BPO has less work to do, and the appraiser has their hands full. The appraiser is going to fill out much more paperwork than a BPO agent too.

Take a look at this great resource Online to see some different types of BPOs, as well as the charges associated with them. It’s definitely recognizable the difference in an interior and exterior type BPO price.


http://www.bposonline.com/order.aspx

Here is something to keep in mind. The BPO agent will only make a percentage of these charges. Other factors determine how much they will be paid, such as how quickly he BPO can be completed and the distance to travel to take photos of the property and how desperate a company might be to get a BPO completed for their client. They usually want the BPO done YESTERDAY!

A secret dealing with BPO’s to getting your short sale accepted is getting the bank to order a FULL INTERIOR type BPO. That way you will have a better way to communicate with the agent and are more likely to influence the outcome of the BPO while they are at the property. This is why it is so important to make yourself known as the contact for the property, so that you might speak with the BPO agent directly. You want to know when the agent is planning on evaluating the property in the CMA. This gives you more opportunities to build your case for your short sale and communicate with the agent to better justify the offer you are proposing to purchase the short sale property.

Magic BPO Success Secrets

Подняться наверх