What happens in the first 24 hours of receiving an REO Asset?
In the past few weeks, I have received many questions from agents about what can a real estate virtual assistant do when they initially receive the asset. Real Estate Transaction Coordinators do many tasks.
Listed below are the tasks that we can begin or complete in the first 24 hours of you accepting the assignment.
- Do a tax search for the property.
- Save an MLS search for initial Broker Price Opinion.
- Send the occupancy status to the Asset Manager via email
- Complete the initial BPO.
- Bid request from vendors
- HOA Research
- Schedule with all of your preferred vendors:
- Re-Key
- Order sign and lock box
- Utilities
- Trash out
- Monthly Maintenance of Property
- Notification of any hazards
To your business success!
BPO and MMR Services
ATTENTION REO AGENTS!
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.
First American Residential Value View
You can contact us at Roxanne@EliteREVA.com or 513-407-9194
REO Transaction Coordination -Outsourcing BPO’s
What are the benefits to you as an agent if you outsource your BPO tasks to a real estate virtual assistant?
1. More time to be out in the field getting more listings
- If you are bogged down with doing BPO’s and do not have enough time for other tasks, why not outsource the BPO’s to a real estate virtual assistant who specializes in REO Transaction Coordination?
2. The bank may be more likely give you listings, which is really what you want! $$!! For BPO’s you know that the banks need them done:
- On Time
- Accurately
All you have to provide to your real estate virtual assistant is:
- MLS Log in information
- Bank Portal Log in information
- Subject Photos
- Specific Criteria to use while searching for comps (such as square footage, lot square footage, number of rooms, property age, etc.)
So if you are considering ways in which to move your REO business forward, this is one step you can take. YOU will experience less stress, more time and eventually more listings.