This is an indication to the asset manager that you put the effort and work in to try to find comps within the mile range, but it was not possible. Asset managers understand that and that is why they would like you to add comments as to why you chose the comps that you chose.

Also be sure to use tools to check your distances.   Many REO/BPO clients have sophisticated software that analyzes each BPO and checks for mistakes.  If your distances are incorrect your BPO will be rejected, your score will decline and you will receive fewer assignments.

Use one of the tools below to make sure your distances are accurate, your BPO scores will increase and you will receive more assignments.

If your clients specifies the driving distance between your comps use Google Maps http://maps.google.com/.

If your client wants the straight line distance use this website http://www.gpsvisualizer.com/calculators.

To your continued success!

Make this NEW YEAR the YEAR that you turn in all of your bpo’s and mmr’s BEFORE the due date!

As a direct result you will increase your rating with the bank; make your asset manager happy and most importantly have a possibility to receive more REO listings!

If you are bogged down with trying to keep up with all of your bpo deadlines, we can help take this load from you. BPO’s are important, but we know that you would rather be out obtaining more listings.  So we can completely eliminate this work task from your schedule and at the same time help you to increase your ratings. We have a very competent staff of real estate virtual assistants who work in a variety of BPO sites.

This is just a reminder of some of the BPO sites that we work with.

LPA

First American Residential Value View

Countrywide

Disposolutions

Secure Lending Services

Market to Market

Premiere Asset Services

Freddie Mac/Homesteps

Ocwen/Realtrans

REOTrans

ResNet

You can contact us at Roxanne@EliteREVA.com or 513-407-9194