Table of Contents
The professionally published Step By Step BPO Guide is a comprehensive, effective and easy to understand guide that will provide you with all the resources you need to start earning money performing BPOs. The table of contents is listed below so you can see how pages of information, pictures and lists will help you hit the ground running from your very first order.
Section 1
All About Broker Price Opinions…..And Why You Should Do Them
What is a BPO?
Mortgage servicing business sector
Understanding your role as a BPO agent
Why you should perform BPOs
Section 2
How To Get BPO Orders And How To Keep Getting Them
Understanding the agent rating system and getting certified
National Association of Broker Price Opinion Professionals (NABPOP)
Section 3
What Is Required to Perform BPOs?
Check with your broker
Section 4
How To Sign Up With BPO Companies and Lenders and What to Expect When You Do
About the BPO list
Signing up
Section 5
How You (And Other Agents) Receive BPO Orders
Rush orders
Receiving rush phone orders
Section 6
Understanding the BPO Order
3 Sample BPO orders
Section 7
Overview of General Exterior and Interior BPO Requirements
What you'll be looking for when you visit the property
Typical exterior BPO requirements
Typical Interior BPO Requirements
Exterior Inspection Checklist
Interior Inspection Checklist
Section 8
Finding Subject Property Information
If the subject property is currently listed
Current MLS listing sheet
Section 9
Finding Comparables
Comparable proximity to subject
Comparable property style
Comparable property type
Comparable age
Comparable interior square feet
Comparable lot size
Sold date
REO comparables
Section 10
Trouble Finding Comparables
Example of comments for non-conforming comparables
Section 11
Completing the BPO Form
Gathering the data
Subject property information
General property information
Providing "comments"
Determining inferior, equal or superior
Normal marketing time or days on market
Estimating repairs
Opinion of value
Estimating the subject property's physical characteristics
Section 12
Photos
Standard exterior photos
Standard interior photos
Photos considered unacceptable
Unable to get a photo of the front of the house
Other requested photos
Section 13
Tips & Tricks to Getting the Most BPO Orders
Section 14
Helpful Websites
Section 15
Things You Should Really Know
Section 16
Hyperlinked BPO Company List
Section 17
Glossary
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