list 45 bpo companies - charles rutenberg · pdf fileearning $50k per year performing broker...

How to earn $50,000 / Year doing Broker Price Opinions This document is protected by the Copyright Laws of the USA

A Realtors Guide

Earning $50k per year performing

Broker Price Opinions PART TIME!

& Listing of 55 BPO Companies

Written & Compiled by: Inside Home Buying First Publication 1/15/2004 Copyright and Publisher Information This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is no engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. Copyright © 2006 Inside Home Buying Published by Inside Home Buying Incorporated All rights reserved. The text of this publication, or any part thereof, may not be reproduced in any manner whatsoever without written permission from the publisher. Copyright © 2006



How to make $50k/Year Performing Broker Price Opinions. You have just purchased a list of every BPO Company known to mankind.

Banks and 3rd Party companies request Broker Price Opinions for the

purpose of getting an in-expensive valuation of their property.

There are a number of reasons when a professional valuation of property is

desired yet a formal appraisal is not. In these instances, the Broker Price

Opinion (BPO) service is “the” tool banks and 3rd party providers use.

The BPO of a residential property is conducted by a local, licensed real

estate professional. The report combines information from a drive-by

exterior examination, external data sources, previous sale data, property

assessment data, recent comparable sales and current neighborhood listings,

as well as a photograph of the subject property.

The BPO includes estimate of repairs to obtain fair market value,

neighborhood information, and value estimate (90, 120, 180 day marketing

time for "as is" and "as repaired" values). Photographs include subject and

street scene photographs. Front photographs of all comparable sales are also

available for an additional fee’s.

Some companies send out BPO requests to multiple agents. The first agent

to except the order will be the agent that gets the assignment. If you are not

in front of your PC when the email comes in, you will likely get beat by

another agent. You may want to have your email forwarded to your PDA.

That way you can accept orders no matter where you are.



Once you establish a relationship with a particular company, you can expect

to receive multiple BPO requests per day. You will be given the choice to

accept or decline each order, based on the “due date” and the “fee” they pay.

Additionally some companies will allow you to “conditionally” accept

BPO’s. They will allow you to extend the “due date” and increase the

amount paid. Drive-by’s typically start out at $50, and you will have the

option of accepting that amount or raising the fee to what ever you choose.

They will inform you if your new terms are acceptable.

Each company we list has their own stipulations in accepting new vendors.

If a “vendor application” is not readily available on their web site, email

them directly and put ATT: “New Vendor Application” in the subject line.

Or call them directly.

When signing up be prepared to provide:

• E&O insurance • Licensing info • Completed 1099 • Zip code coverage area • Brief Bio • List of 3 references

We do not detail what is entailed in completing each firms BPO because

they all vary. Each company has their own online template for you to

complete. They are all relatively simple and self-explanatory. If you have

ever done a “CMA” you will not have a problem completing a BPO.



This can be a highly profitable business for Realtors. With each “drive-by”

BPO paying an average of $50 and taking 30 minutes to complete, it is easy

to understand how quickly this can turn into a lucrative business.

To earn $100k per year, you need to average “5.5” BPO’s per Day and

average $50 per job. $50 is the minimum compensation provided by these

companies. IF you sign up for each of the companies listed below AND

follow up with each to earn their business, you WILL, in no time, be at your

5.5 per day average. Conversely, to earn $50,000 per year, you will have to

complete 2.25 BPO’s per day.

Lastly, you must pursue the BPO business like any other venture. We

assume you cannot afford to simply sign up for these companies and

passively hope to hear back from them (although there is a good chance that

will work). Proactively pursue these companies business!

Establishing relationships with these companies will supply you an endless

stream of revenue for as long as you stay in business. Other companies are

selling similar lists of BPO companies for $300 and more.



Broker Price Opinions & Short Sales: An additional revenue source

The most common purpose for a BPO is because the homeowner is

delinquent on their payments. Typically “Drive By” BPO’s are ordered at

60,90,120,180 days delinquent.

Obviously these are homeowners in trouble. And you know about them

before anyone else (except their mortgage company). More than likely they

are upside down in their mortgage. In other words, in all probability they

would already have their home on the market (and some will) if they had

equity in it.

These are the most PRIME, “pre-foreclosure” leads that exist! A very high

percentage of these homeowners will either fall into foreclosure or list their

property with a Realtor to pursue a “short sale”.

Therefore, when you do your drive-by photo, either knock on their door

personally or leave a promotional piece at the property with your business

card. Position your marketing to them with a generic message that you can

“HELP” them. That message should state you are “foreclosure specialist”

and that you are an expert at helping people out of foreclosure.

Leave the marketing piece and a business card at the property, put them on a

bi-weekly mailing list and you should be following up with telephone calls.

In your first mailing, introduce yourself and provide them with some local

government sources in which they may receive foreclosure assistance. (Do a



local web search for local agencies that assist people in foreclosures).

Follow your 1st mailer with a phone call to ask them if they have received

the information you sent them.

The homeowner of course has no idea that you know anything about their

situation. And make sure you do not mention ANYTHING about the BPO.

This is proprietary information between you and the company you are

completing the BPO for.

If you are doing any volume of BPO business, and you follow up each BPO

property with an aggressive marketing campaign, you will quickly build a

large book of short sale business. To learn more on listing and selling pre-

foreclosures (including sample marketing materials) please see our book

“Realtors Guide To Making A Fortune Listing & Selling Pre-Foreclosures”.

If you do not want to get into the short sale business, you need to be

referring these leads to a Realtor that specializes in “Pre-Foreclosures and/or

Short Sales”. Negotiate a fair referral fee (20%-30% is reasonable). Most

agents working the pre-foreclosure market will be ecstatic to work out a deal

with you.

If the below links are “inactive” copy and paste them into your address bar.



List of BPO companies:

1. http://www.rrreview.com/ Residential Real Estate Review – (904) 722.7012

2. http://www.safeguardproperties.com/ Safe Guard Properties – (800) 852.8306

3. http://www.mgic.com/contact/brokersignup.html MGIC Investment Corp - 1-800-424-6442

4. http://www.protk.com/ Pro-Tek Services – (800) 886.4949

5. http://www.remusa.com/ REM Corp – (888) 736.7945

6. http://www.nascopgh.com/ Nationwide Appraisal Services – (866) 357-5660

7. http://www.sourceoneservices.com/ Source One Services – (801) 303.2400

8. http://www.advantagevaluation.com/ Advantage Valuation Inc – (858) 866.0808

9. http://www.appraisalbank.org/ Appraisal Bank – (214) 943.9990

10. http://workflow.fasinc.com/ Financial Asset Services - (949) 862-1418

11. http://www.premierebpo.com/ Premiere Real Estate Services – (973) 316.9339

12. http://www.mdwebbinc.com/ M.D. Webb & Associations – (949) 474.0599


http://www.rrreview.com/

http://www.safeguardproperties.com/

http://www.mgic.com/contact/brokersignup.html

http://www.protk.com/

http://www.remusa.com/

http://www.nascopgh.com/

http://www.sourceoneservices.com/

http://www.advantagevaluation.com/

http://www.appraisalbank.org/

http://workflow.fasinc.com/

http://www.premierebpo.com/

http://www.mdwebbinc.com/


13. http://www.islandadvantagerealty.com/ Island Advantage Realty – (800) 368.3808

14. http://www.acranet.com/ Acranet – (877) 860.6248

15. http://www.csappraisal.net/ C&S Appraisal Services - (877) 270.5284

16. http://www.reo4u.com/ REO 4 U - (682) 831.9800

17. http://www.provalu.com/ Corporate Valuation Services – (978) 283.2873

18. http://www.centurionam.com/ Centurion Asset Management – (866) 853.0670

19. http://www.evalueit.com/ Evalueit Rels - (888) 672.8180

20. http://www.reoam.com/ REO America – (949) 650.4103

21. https://access.pasreo.com/ Premiere Asset Services -

22. http://www.singlesourceproperty.com/ Single Source Property Solutions – (866) 620.7577

23. http://www.reoworld.com/ REO World – (949) 720.7009

24. http://www.acslinks.com/ Advanced Collateral Solutions – (877) 227.1600

25. http://www.lendersreo.com/ LAMCO Lenders Asset Management – (303) 979.6350


http://www.islandadvantagerealty.com/

http://www.acranet.com/

http://www.csappraisal.net/

http://www.reo4u.com/

http://www.provalu.com/

http://www.centurionam.com/

http://www.evalueit.com/

http://www.reoam.com/

https://access.pasreo.com/

http://www.singlesourceproperty.com/

http://www.reoworld.com/

http://www.acslinks.com/

http://www.lendersreo.com/


26. http://www.bpodirect.com/ BPO Direct – (800) 972.7555

27. http://www.transunionssi.com/ Transunion Settlement Solutions – (800) 318.2281

28. http://www.mivalue.com/ LSI Market Intelligence - 1-800-722-0300

29. http://www.keystonebest.com/ Keystone Asset Management - (215) 855.3350

30. http://www.reosolutions.net/ REO Solutions - (617) 469-2900

31. http://www.ora-rmsi.com/ Ocwen Financial Support -(800) 804-9496

32. http://www.greenlinkbpo.com/ Greenlink “aka” Horizon – (877) 877.6083

33. http://www.assetval.com/ Asset Valuation and Marketing – (970) 245-7350

34. https://ladsvalues.landam.com/index.html Land America – (949) 474-.4505

35. http://www.nationsvs.com/ Nations Valuation Services - (858) 456-7604

36. http://www.cwfieldservices.com/valuations Countrywide – (888) 554.4690

37. http://www.imortgageservices.com/ I Mortgage Services – (412) 220-7330

38. https://www.emortgagelogic.com/index.html E Mortgage Logic – (817) 581.2900


http://www.bpodirect.com/

http://www.transunionssi.com/

http://www.mivalue.com/

http://www.keystonebest.com/

http://www.reosolutions.net/

http://www.ora-rmsi.com/

http://www.greenlinkbpo.com/

http://www.assetval.com/

https://ladsvalues.landam.com/index.html

http://www.nationsvs.com/

http://www.cwfieldservices.com/valuations

http://www.imortgageservices.com/

https://www.emortgagelogic.com/index.html


39. http://www.clearcapital.com/ Clear Capital – (530) 550.2500

40. http://www.golenders.com/ Lender Financial Services – (919) 707.2700

41. http://www.iasreo.com/ Integrated Asset Services – (303) 770-1976

42. http://www.rrreview.com/ Residential Real Estate Review - 1-866-876-5095

43. http://www.evaluateusa.com/ E Valuate USA – (972) 485.4477

44. http://www.gobpo.com/ National BPO Valuation – (818) 226-1331

45. http://www.horizonmsi.com/ HomEQ Servicing – (919) 852-8350

46. http://www.instantbpo.com/bpo/partner.asp Instant BPO - FAX: (630) 214-8160

47. http://www.cartelbpo.com/ Cartel Asset Mgmt - (303) 420-6900

48. http://www.mainstreetval.com/ Main Street Valuations

49. http://www.quickbpo.com/ Americas Info Mart – (800) 776.1815

50. http://www.goodmandean.com/ Goodman Dean Inc – (800) 930.8999

51. www.bposonline.com BPO Online – (432) 684-9802


http://www.clearcapital.com/

http://www.golenders.com/

http://www.iasreo.com/

http://www.rrreview.com/

http://www.evaluateusa.com/

http://www.gobpo.com/

http://www.horizonmsi.com/

http://www.instantbpo.com/bpo/partner.asp

http://www.cartelbpo.com/

http://www.mainstreetval.com/

http://www.quickbpo.com/

http://www.goodmandean.com/

http://www.bposonline.com/


52. http://www.brokerpriceopinion.com/ Broker Price Opinion - (303) 991-9919

53. http://www.c2vdirect.com/ C2V Direct – (682) 831.9800

54. https://www.emcmortgagecorp.com//EMCMORTGAGE/MainContent/other.jsp EMC Mortgage - (800) 695-7695

55. http://www.evalonline.com Evaluation Solutions – (904) 425-1300

56. http://fiveonline.com/ (http://www.fivebrms.com/Application.htm) Five Brother Mortgage Services – (586) 772-7600

57. http://www.nationwidebpos.com NationWide BPO – (512) 291-2331

58. https://bpo.snsc.com Security National Bank – (800) 426-9137

59. www.singlesourceproperty.com Single Source Property Solutions – (866) 620.7577

60. http://www.farvv.com/ First American Residential – (877) 771-7711

61. http://evalue8america.com/ Evaluate America – (818) 348-1097

62. www.valuationsupportservices.com Valuation Support Services – (877) 352- 4650


http://www.brokerpriceopinion.com/

http://www.c2vdirect.com/

https://www.emcmortgagecorp.com//EMCMORTGAGE/MainContent/other.jsp

http://www.evalonline.com/

http://fiveonline.com/

http://www.fivebrms.com/Application.htm

http://www.nationwidebpos.com/

https://bpo.snsc.com/

http://www.singlesourceproperty.com/

http://www.farvv.com/

http://evalue8america.com/

http://www.valuationsupportservices.com/

list 45 bpo companies - charles rutenberg · pdf fileearning $50k per year performing broker...

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