If you would like to go right to the original source of the person who created one of the first lists of direct links to BPO and REO companies (My list was first offered and created in Jan. 2007) then I'd like to personally invite you to check out my FREE list of over 120 BPO, REO and Asset Management companies. I used to charge $19.99 for my list, but now offer it for free! (It is updated frequently and I've intentionally left out the bad companies that don't pay from my list) Plus, come check out my newest eBook on how to use software to automate doing the data entry side of your BPO and REO orders.
Click here to go there now!
Warmly,
Nicole Ocean BPO Trainer/Realtor
www.nicoleocean.com
360-223-2482
P.S. Happy New Year Everybody! I hope my lists helps you grow your BPO and/or REO business in leaps and bounds in 2009!
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Instructor: Nicole Ocean/BPO Trainer of nicolesdreams eBooks 360-223-2482 |
I know what you may be thinking as you read the title that I chose for this blog, but to this day I still get shocked when I talk to other BPO and REO agents who tell me that they only work for a very small handful of companies.
One person I spoke with recently swore by only working for one company, Countrywide. He said that they have always given him plenty of work and he wasn't worked about any possibility of work suddenly drying up. I tried to give him some food for thought but as I was telling him that he should consider branching out so that he doesn't "put all of his BPO eggs in one basket!" My words rolled right off of him and seemed to have little effect.
Please do yourself a favor and don't believe that you have it made because you get lots of BPO and maybe even REO's from a single company, let alone a few companies. So much changes within our market and within the companies we all work for. Some companies have slow cycles and little work at times, while others simply close up shop unexpectedly and some merge with others where they may have a change in policy making it hard for existing BPO and REO agents to receive the same amount of work that they have been in the past. Look at PASREO/Wells Fargo as an example.
I know that being optimistic is more helpful than focusing on being negative and dwelling on all of the things that we alone cannot control, but if you want to strive in your BPO and REO business I would recommend establishing handfuls of relationships with a dozen companies at the very least. I've worked for over 30 BPO, REO and Asset Mgmt companies in the last 2 years and consistantly receive work from 10 of those companies.
So, if you are one of the people who thinks that you are completely safe working for one or two companies that have thus far given you a steady, consistent volume of work in the last year or so and that your vendor rating will protect you from anything bad happening to you, please think again and sign up with a few more handful of companies out there. Just make sure to pick ones that prove to be a good fit for you, the key being that THEY are a good fit for YOU, not the other way around!
Plus, keep in mind that if by chance you double your workload by signing up with a few more companies you should know that this doesn't necessarily mean you should turn down the work or hire an assistant. Instead, consider automating your BPO and REO orders so that you can make more money and be able to put some of that away for a rainy day.
If you'd like to know more about automating your BPO and REO order please visit my website! Thanks for reading this post! Plus, I'd love to hear your thoughts on this posting. Do you think I am corrent? What is your own personal experience? Which matters more, total quantity of companies or overall quality with a select few companies?
Kindly,
Nicole Ocean
BPO Trainer/Realtor
360-223-2482
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| I am putting on a Free Webinar About Using the Automation Software. Learn how to use automation software to do the data entry side of all of your BPO and REO orders. Come join us! | ||||||||||||||||||||||||||||
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In the not too distant past, I too have been guilty of using multiple assistants to help me with my BPO orders. My BPO team consisted of this: two people to help me do the data entry side of the BPO orders, with one of my teammates helping by taking photos in a nearby county which was about 30 miles from where I covered. This helped me to expand the territory that I covered as well as have help with the side of my BPO business that I grew to dislike very much....the data entry side.
I had to learn the hard way about what works and what doesn't. For me it was just too expensive and stressful to manage a team. I found that after almost a year and a half of contracting/outsourcing the data entry and some of the photo taking to others that my profit margin was greatly affected, even with having a steady, consistent flow and high volume of BPO orders.
In my top month, May 2008, we brought in a gross amount of $4,080 and we did over 70 orders that month. After paying all of the overhead and contractor expenses, which was around $1620.00, my net amount was $$2,460.
Although, this is great money considering that I had other people do the part of the work that was very time consuming and what I found to be monotonous (the data entry side), the amount of stress that came along with all of the bookkeeping and management side was over the top at times. So, for me it just wasn't worth continuing along with this set-up. Then came PLAN B!
I went back to doing all of the aspects of the BPO's myself and quickly found that I dreaded doing the data entry side of my orders and was not looking forward to it, even though the money that I was getting now was more than when I was using outside help.
A few months ago I learned about a way to automate the data entry side of my BPO orders. Since using the software I am able to cut the total amount of time it takes me to do the data entry side of my orders to half. It typically takes me 20-30 minutes to fill in a full BPO order (3 Sold/3 Active and all the basic info), now it takes me around 10-15 minutes to complete the whole thing. This includes pulling the comps and organizing the data. The actual using and running of the automation feature within the software takes just seconds. So the hardest part it picking the comps.
To learn more about how you can automate your BPO and REO orders, I'd like to invite you to check out my website. I've just released a new eBook that is entitled, "All You Ever Wanted to Know About Automating Your BPO Orders."The cost is only $49.99 for the eBook. It will pay for itself easily with the first BPO order you automate.
Do yourself a big favor and come check it out! Especially, if you are currently using an assistant to do the data entry side of your BPO and REO Orders.
Best Wishes,
Nicole Ocean
BPO Trainer/Realtor
360-223-2482
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I am a Certified Real Estate Instructor, BPO Trainer and a National Speaker that is based in Bellingham, WA. Check out my websites: www.nicoleocean.com and www.bpo-automation.com
Click on the link for a FREE LIST of over 120 Broker Price Opinion, REO and Asset Mgmt companies.
Or simply visit www.nicoleocean.com
This eBook, entitled, "All You Ever Wanted to Know About Automating Your BPO Orders," offers 65 pages of in-depth detail and step-by-step instruction, plus lots of screenshots and need to know information about how to automate the data entry side of your BPO and REO orders. (Sold for $49.99)
Best-Selling BPO Manual that is entitled, "All You Ever Wanted to Know About Broker Price Opinions." Sold for $55.00 (Thousands Sold Since 01/2007)
Broker Price Opinion
Broker Price Opinions
BPO companies
Bpo Real Estate
BPO Software
Auto-Accept BPO's
Brokers Price Opinion
Broker Price Opinion Companies
Bpo Broker Price Opinion
BPO Training
I have been helping teach (locally, virtually and through live speaking events) thousands of real estate brokers, agents and appraisers all over the United States about the HIDDEN field of Broker Price Opinions. I am a Certified Real Estate Instructor and BPO Trainer within a family-owned and operated company here in Bellingham, Washington.
I have been a Realtor since January 2006 and have been doing BPO's for 3 years. I am an established author, consultant, trainer and national speaker on the topics of Broker Price Opinions as well as on how to use Automation Software to automate the data entry side of your BPO and REO orders.
Please take a moment to check out my websites at: www.nicoleocean.com, www.bpo-automation.com and www.automatebpos.com
Areas of Expertise
Broker Price Opinions
BPO Training, Education & Consulting
BPO Automation Software
BPO and REO Education
Hear What Others Are Saying About My Products!
Testimonials from past
"BPO Training Students & for The All-In-One BPO & REO Package."
"Greetings! I am very thankful to have met you through one of your previous students, who is now a successful BPO & REO agent here in the East Bay Area. Taking your complete 2 week personalized course was the best thing I needed to jump-start a new career in BPO & REO. I immediately felt comfortable that learning your system was a perfect formula to succeed because you have unselfishly shared the secrets to getting started in this field.
Every completion of our conference call has increased my knowledge & skill in developing the right mind set. Your simplified & systematic approach helped focus my attention to the important details for organizing, preparing & developing the tools required.
I am now more confident than ever after being armed with your training to aggressively seek the business as BPO vendor & REO preferred agent for the institutions concerned especially with your continued support. Once again thank you for the abilities you possess as an effective educator. Many more need to benefit from your educational skills & knowledge, & rest assured that I am more than happy to be a reference to any of your future students. I am proud to have you as my mentor."
-Joseph T. Realtor® in Concord, California
"I have had the opportunity to be trained by Nicole Ocean for Broker Price Opinions. In addition to being intelligent, diligent, professional and articulate, Nicole has an innate kindness and integrity. I found Nicole's teaching style to be exceptional. She was easy to understand, thorough and well organized. As an attorney and real estate agent, I certainly feel Nicole Ocean is more than qualified for the position."
-Melissa & Glenn K. Realtors® in Bloomington, Minnesota
"Just want to thank you for your assistance and instruction in setting up the BPO portion of my business, and the basic how to's from A-Z.
What's more, your accessibility to questions, prompt attention to students, and hands on is highly professional and most appreciated.
I love knowing you are there should a question arise that I am unable to answer. The Best to you in '09."
-Judy B. Realtor® in Scottsdale, Arizona
"I signed up with several BPO companies on Sunday night figuring I'd have plenty of time to get up to speed, I found three orders in my email Monday morning, so I needed to hit the ground running. I selected Nicole's training program because it looked like the most straight-forward, no-nonsense and comprehensive tool I could find, and it was. With Nicole's invaluable training materials, and Nicole herself answering questions (by phone and email), giving me personal experience tips and reassuring support, I got funtional quickly. Now I'm working on implmenting all the other "how-to's" Nicole provides to make sure I organize and run my business the right way too. Thanks Nicole!"
-Pam W. Realtor® in Pinetop, Arizona
Testimonials for:
"All You Ever Wanted to Know About Automating Your BPO Orders."
"Hello Nicole
I would like to extend a big THANK YOU!
Thank you for sharing the great information of how to become more productive.
I purchase your e-book
I've been doing BPO for a couple of years now and was on the verge of burn out!
It was becoming a chore to keep up with the back end process. I've always look to push the edge to increase my BPO business but could never do so without it totally taking over my whole day.
I thought of hiring a staff to help out on the back of the process but once I figured out the cost, I didn't think it was worth it, having to deal with additional headaches of managing more staff members. I read your book and it immediately put me on the path to increasing my efficiency and becoming more productive.
Utilizing the methods you've taught, I've increased my orders 60% and decreased my time spent almost in half!
Once again, Thank you for showing the way! I would highly recommend any agent/broker that's serious about doing BPO business to review your e-book and I'm sure the small investment would be many times the return of investment! "
Sincerely yours,
-Patrick M. Broker in Hamden, CT
"All You Ever Wanted to Know About Automating Your BPO Orders." a week ago and I've read it at least 3 times!! It's a gold mine.,"Hi Nicole: I just want to thank you and up date you on what's been happening. I bought your first book on BPO's about a year and a half ago. After I read your book on how to get started, I went into the BPO business full time. I used the information you supplied on how and where to contact the various banks and agencies. I got responses from the ones I wrote to, and this started me on bpos to supplement my income. Very soon after that I became fully involved with them and it became very lucrative.
As you know, the repetitive entries started to become very tedious and boring.
Then you came out with your 2nd book, on how to automate bpos. I bought this book from you, and it changed the way I now work. I am now almost fully automated on my bpos. This has doubled my output, while at the same time it has cut my worktime in half. I am doubling my income and working half as hard.
Thank you for your info and your help."
-Richard C. Realtor in Ft. Myers, Florida
"This material would be great for self-paced training. The content is good and the book is very interesting. Thanks for taking the time to create this material!"
-Leona T. Realtor® in Oakland, CA
"Nicole,I am a licensed Broker in 2 states and have been active in all aspects of Real Estate for more than 25 years. Not only have I found your two eBooks on "BPO Manual with 120 Links" and "Automating Your BPO's" to be exceptionally well organized and presented, but also filled with a wealth of information sources and step-by-step details that simply cannot be found anywhere else! This is always what other authors lack in their books.
After reading both eBooks, I was able to increase my current number of monthly BPO orders from vendors over ten-fold, and immediately reduce my data entry time about 50%. When I have fully automated the entire data entry process, that time-saving figure should easily increase to 75%, which translates to either more profits for the same hours worked, or much more time off for the same income. Keep up the great work!"
-Scott N. Broker in Port Charlotte, Florida
Testimonials for:
Personalized Macro Consulting and BPO Consulting
"I am writing this today on behalf of Nicole Ocean and the services that she provides. I am a Real Estate agent who has turned to BPO/REO work a few years back when the market took a turn.
Since then I have probably completed over 100,000 BPO's and manage a staff of over 19 people covering 3 states completing BPO work. I recently came across Nicole Ocean and the automated BPO. This program has without a doubt increased my work potential while decreasing costs and time tremendously. I was lucky enough to have Nicole work with me whenever I needed her to set up this program and design it for my needs. Without her and her prompt service there is no way that I could have made this program work so well to suite my specific needs.
I still continue to hire her to consult for me and am still amazed at what this software does.
-Ryan G. Valuations Manager in Henderson, Nevada
"This program is the bomb. Nicole set up the whole thing for me as I watched right from the privacy of my own home. I tried it out the next day. I had 15 BPO orders due with Countrywide. It only took me 2 hours to do that including pulling comps and getting all the basic inform in....I was floored!!!!
I was so glad I found Nicole's tutorial. Previously, I was using an assistant paying for data entry, as a result I had to do more to cover the cost of the assistant and make a decent salary. All of which took more time and headache, but I made the same amount of money or sometimes less. Now, I can take less or more orders and get done in half the time and do the work myself....Thanks Nicole."
-Lisa J. REO Listing Agent in Crockett, California
"This program is the bomb. Nicole set up the whole thing for me as I watched right from the privacy of my own home. I tried it out the next day. I had 15 BPO orders due with Countrywide. It only took me 2 hours to do that including pulling comps and getting all the basic inform in....I was floored!!!!
I was so glad I found Nicole's tutorial. Previously, I was using an assistant paying for data entry, as a result I had to do more to cover the cost of the assistant and make a decent salary. All of which took more time and headache, but I made the same amount of money or sometimes less. Now, I can take less or more orders and get done in half the time and do the work myself....Thanks Nicole."
-Lisa J. REO Listing Agent in Crockett, California
"My 1 hour phone consultation with Nicole was very informative and WELL worth the money. Nicole had great info, insights and recommendations tailored to my specific situation. She had very valuable advice in dealing with a number of BPO and REO companies that will save my a lot of time and money in the future. I would recommend spending an hour on the phone with Nicole to any agent or broker who is looking to make their BPO business more efficient and profitable. Thanks Nicole!"
-Jeff S. Broker in Saint Charles, Missouri
"Thank you Nicole for your work with me on automating my BPOs. This has been a great experience- it has already cut the time I spend on each order in half! The automation process will allow me to expand my business and accept more orders to be completed in less time, and allow me to make more money and work with more companies to increase my opportunities. In the end I know this will add up to more REO listings- something all BPO agents strive for.
I wish I had this when I first started BPOs- what a time savings I could have had! Thanks again!"
-Maria R. BPO & REO Agent for Big Hill GMAC in Middletown, Ohio.
Testimonials for:
"All You Ever Wanted to Know About Broker Price Opinions."
"I bought your book on BPO's and I have to admit, it's the best and only book out there that really gives you the "guts" of the business. Your book is priceless for not only those who are just starting out, but even for companies like ours that have been doing BPO's for 5 years now. Thank you for putting yourself out there to help those people who have no one else to turn to."
-Stacey J. Broker in Fort Lauderdale, Florida
"I bought your 120 Links for BPOs and then upgraded to the BPO Manual soon after. I am excited to report that I currently am doing 8-10 BPOs a week. I have been at this since September of 2007 and it is enough money to pay my mortgage. I am so excited and thankful that I bought it. You were such a great help with my first one back in September. I am almost a pro now! Ha ha! I love to be able to spend time with my kids and still have money coming in.
I also got a Listing for it. WoW!! Thank you!!!!
Monica C. Realtor® in Antioch, California
HERE IS AN UPDATE FROM MONICA
"I am so excited about being an REO agent. It has been exactly one year since I purchased your book. I now have 52 REO listings. I am steadily selling and getting more listing. I currently do 15-20 BPOs a week. I thank you for walking me through my first BPO. I am making more money than I ever have before. If any of my colleagues ask how I started I tell them to go to your site.Thanks again!"
Monica C. in Antioch, California
"This is the 2nd BPO Package I purchased and I paid less money and received far more usuable content. Nicole really goes over things in detail and the section on "Beating the Competition," is worth its weight in gold! By simply implementing the information provided in this section alone, I was able to significantly increase my chances of accepting assignments. In fact, the first day I set up my cell phone to accept emails, I was able to accept my first assignment simply because I was notified immediately of the availability. And, I wasn't even sitting in front of my computer at the time. Awesome!
I highly recommend buying this program! If you're looking for a way to earn some extra cash this is the way to go. You can earn enough money to do whatever you need to do, I mean everything from offsetting all the fees/dues that come with the cost of doing business, to putting spending cash in your pocket EVERY MONTH, to implementing a new marketing stategy for your business EVERY MONTH, it truly will help you do whatever you need to do!
If you're relative new to the business, having this information at your fingertips will help you through those challenging and frustrating times and more importantly, Keep You From Leaving The Business. Kudos to Nicole. Again many thanks.
-Debra C. Realtor® in Wantage, N.J.
"I just wanted to write and thank you for such a well written manual, I wasn't sure what to expect when I ordered it but have found the manual to be indispensable to me in my business, you have given me another avenue to pursue in Real Estate. Your manual is well written and an easy read. You have been extremely kind & helpful, I truly appreciate it. Thank you again!"
-Brenda F. Realtor® in Atlanta, Georgia
"I started to read your book this weekend and can really appreciate the easy way it's written. I also love the fact that it's short, precise and to the point. Too many times people pad the contents of a book just for filler instead of addressing the subject directly."
-Maggie D. Realtor® in South Miami, Florida
"I first must say I have NEVER seen this kind of help and support before in this competitive industry. I greatly appreciate it, and definitely will be signing on! I am currently working with a very experienced Realtor who is "training," me with BPO's, but nothing compares to this information! I am so happy that I happened upon your masterpiece! You'll see me on the forum!"
-Matthew F. Realtor® in Avondale, Arizona
"Nicole, thank you for your book, "All You Ever Wanted to Know About Broker Price Opinions." It was very informative and has helped me very, very much. In just a few days, I had signed up with several BPO Companies and began to receive work in just a couple of weeks from the help you provided in your manual. I often refer back to it when I get stuck and I would certainly recommend your manual to others who wanted to start in the BPO business."
-Lydia V. Realtor® in W. Memphis, Tennessee
"Nicole thanks very much for the bonuses and for your excellent eBooks! They are filled with great nuggets of information and efficiencies and the lists are fabulous! I really appreciate the 'authenticity of your website and work....it's not the "hip and slick, buy it now" stuff! Wishing you continued MEGA successes!"
Linda A, Agent, Yucca Valley, Joshua Tree and 29 Palms, CA
"I have been doing BPO's for about 5 years now, for maybe 3-4 companies and 4-5 per month. Now I am doing 4-5 a week and am turning down that many more because I do not have the time to do them all. Many people come up with sale gimmicks to generate more income, however yours actually works, congratulations! From the island of Kauai I say Aloha and Mahalo."
-Ron K. Realtor® in Kauai, Hawaii
"I want to say thank you for the book and list of BPO Companies. It was worth it and my first CMA paid for your book and lists. Last Monday, I signed up for 3 BPO Companies just to try it out. So far I have made $155.00 on just 2 CMA's. This is exciting, and I am going to be signing up for more."
-Ike R. Realtor® in Pensacola, Florida
"Just want to thank you for sharing your experience. Your instruction guide on how to fill in a BPO form was great! I wish I knew about BPO's when I first started in real estate."
-Hoi T. Realtor ® in Cartersville, Georgia
"I purchased your book about six weeks ago. It was straight and to the point and it did help cut down my time completing orders. I purchased another "program," which wasn't worth the time, money or effort, but I did so to compare and to obtain more information. You book was "right on." My first month has brought in approximately $1,000.00 Thank you!"
-Philip C. Real Estate Broker & Mortgage Broker in Niceville, Florida
"By the way, Nicole you're the greatest! In less than 30 days I've racked up over $1,000 in receivable!"
-Jay H. in Realtor® Marrow, Georgia
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