Does anyone know how an individual would get in to performing BPO's?

**rockthecasbah121** · 08-23-2010, 06:38 PM

A former teacher of mine has a sister in New York who I believe is performing BPO's. She receives foreclosure information, goes to the property, takes pictures, notes, and a few other details, mails them out and gets paid per listing. I keep asking my former teacher to ask her how one gets in to this service, but he never seems to remember to ask her.

After looking up some RE information, I believe she is performing BPO's. I know in PA you do not need a RE license to perform these. My question is are there companies currently hiring people to do these, or is there another way to try and break in to performing BPO's?

**TeamAguilar** · 09-12-2010, 07:01 AM

sorry I couldn't exactly get your question,can you be more specific?
Do you mean she is getting the leads from her BPO resource and you want do the same?

**rockthecasbah121** · 09-12-2010, 07:21 AM

She's basically doing field inspections. I have no idea where to begin to try and perform them. Any ideas?

**Scott-Indiana** · 09-20-2010, 01:06 PM

Most banks hire a 3rd party company to do BPO's. They will request either Drive by's or entering the home. Prices are really cheap for this work but if you can line up several to do it might be worth it. BPO- also called broker price opinions, most agents do them in hopes to get the listing. Every units gets two or three BPO's then is listed by one of the agents. That agent is most likely the agent that has been doing them for years and the company never plans on using anyone else. Your local title company should have one employee that keeps up to date on the national meetings that the banking community has like the Five Star conference in Texas. Reo-trans is just one example of the 3rd party companies. Watch out for the ones that want to charge you for names, its not the best way to go about it.

**FLRES** · 09-22-2010, 01:18 AM

A BPO is a Broker's Price Opinion. Most BPO compaies require that you register with the asset manager and submit a resume indicating your skill and license and insurance to perform. Once you are fully registered and have met with the lenders requirements; you'll be on the list to do BPO's. You can do online searches for companies who hire agents or appraisers to do BPO's.