The REO Contact List By Frontline Seminars How to Break into the REO Business by Utilizing the Most Complete and Up-to-Date List of Companies You Can Sign Up with Today Despite the record high portfolios of REO properties lenders are holding onto today, it is nearly impossible to get into the REO business. Existing REO brokers and organizations don’t want to let anymore members into this exclusive club and lenders only want agents with REO experience. The dozens of names and links in this book provide you with the contact information you need to get started in this business. Every name and link in the book has been tested and verified. It is the most complete list available anywhere containing over 200 REO business resources to get your new REO business off the ground and on the road to success. Breaking into the REO business is hard to accomplish, but utilizing this book can help make your entry into this lucrative specialty quicker and easier. This book is set up in a question and answer format. The questions on the following pages are those that are most frequently asked of us by aspiring REO brokers and agents. The answers to the questions are intended to inform and guide you through the process of becoming a REO agent and what will be expected of you if you get into this business. ©2008 VALCO Press Table of Contents WHAT IS A REO AGENT?........................................................................................................... 1 WHEN IS IT THE BEST TIME TO BECOME A REO AGENT?................................................ 1 WHY IS IT SO HARD TO BECOME A REO AGENT? .............................................................. 2 WHAT IS THE BEST WAY TO BECOME A REO BROKER? .................................................. 3 IS THERE ANYTHING I SHOULD KNOW ABOUT THE RESPONSIBILITIES OF REO AGENTS?........................................................................................................................ 4 ARE THERE DRAWBACKS TO BECOMING A REO AGENT? .............................................. 5 WHAT ARE THE BENEFITS OF BECOMING A REO AGENT? ............................................. 6 IS THERE ANYTHING I SHOULD DO BEFORE I START APPLYING TO BECOME A REO AGENT? .................................................................................................... 7 IS THERE ANYTHING ELSE I CAN DO THAT MIGHT HELP ME GET REO LISTINGS?. 9 UTILIZING THE REO CONTACT LIST ................................................................................... 10 REO CONTACT LIST ................................................................................................................. 11 ©2008 VALCO Press i SO YOU WANT TO BE A REO AGENT… In these times of record foreclosures and crashing real estate markets, it has become very difficult for real estate agents to earn a living. However, there are agents that are prospering in these tough times; agents who seem to have an endless supply of listings. Listings that are priced to sell and don’t require all the paperwork and time that is necessary for a short sale transaction to close. Those agents are the REO agents and if you believe that is the road to success in today’s tough market, then this book is for you. WHAT IS A REO AGENT? A REO agent is a licensed real estate professional who lists properties that are owned by lenders. These properties have taken them back by the lender after a foreclosure auction. These properties held in the lender’s inventory are called “real estate owned” or REO by the lender. Lenders are looking for skilled agents who can list and sell these properties for them. WHY IT IS THE BEST TIME TO BECOME A REO AGENT? REO agents are in most demand in distressed real estate markets when foreclosures are high. Today’s market is not only one of record foreclosures but one of record REO inventories as well. When the market started falling in 2006, this country had just experienced the hottest real estate market in history. Foreclosures and REOs were rare because homeowners in financial trouble could always sell or refinance their properties. The real estate market was so good the REO agent almost became extinct. Since the market changed in 2006, lenders have been scrambling to find experienced REO agents. As the market continues to deteriorate today, their need for more REO agents has never been higher. Thus, now is the best time to become a REO agent. ©2008 VALCO Press 1 WHY DO SOME THINK IT IS HARD TO BECOME A REO AGENT? With the demand from the lenders as great as it is for REO agents today, why is it so difficult to get any REO listings from the lenders? When you apply with lenders to list their REO properties, you are usually required to fill out a detailed application with many questions regarding your REO experience. If you don’t have REO experience, the lenders are reluctant to hire you to list their properties. The quandary becomes how will you get the experience they require if they won’t hire you because you don’t have the experience? One thing you can do is apply to become an agent for an existing REO brokerage. Then you can get experience by working for an experienced REO broker. However, even assuming you can find an opening with a REO broker who agrees to take you under his or her wing and mentor you in the REO business, the REO broker will require you to sign a non-compete agreement. A noncompete agreement may later limit your chances of success in this business because you will not be able to work for the lenders with whom you have established relationships while you were working for the REO broker. However, at least you will have gained experience for your resume if you apply with different lenders. A second thing you can do is join one of the REO broker associations or organizations to establish connections with some lenders or even possibly getting referrals from the organization. However, the biggest REO organizations, REOMAC and NRBA, have frozen their new memberships. They are no longer accepting new members and now have waiting lists with thousands of agents already on them. They have done this because too many members reduce the amount of business for each of their members in each geographic area. It seems that REO brokerage is an exclusive club and which is very difficult to join. New REO organizations are starting to appear so it could be beneficial to join one of these new groups. At the very least, it gives you something to include on your resume that is REO related. ©2008 VALCO Press 2 WHAT IS THE BEST WAY TO BECOME A REO BROKER? Because of today’s REO crisis, REO outsourcers are in dire need more agents. Outsourcers are independent companies that contract with lenders to provide REO services for them from start to finish. They have set up networks of agents around the country that they can refer REO listings to when the assignments come in from lenders’ asset managers. Because of the rate that REO inventories are increasing, the outsourcers currently need more agents to list the properties that are being referred to them. Although the outsourcers are also looking for agents with REO experience, many times it is easier to get your foot in the door with them than it is with lenders directly. ©2008 VALCO Press 3 IS THERE ANYTHING I SHOULD KNOW ABOUT THE RESPONSIBILITIES OF REO AGENTS? Listing REOs is a lot different than listing properties for sellers who occupy the property or own it as an investment. The REO business can be hard work and time consuming compared to the “normal” listings you are used to. But the trade off for the extra work you will be doing will usually be more than made up by the volume of listings you will receive. As a REO agent, you should expect to sign special lender listing agreements. Lenders will require you to sign their own listing agreements; not the listing forms your local board has created for your use. The lender listing agreements will spell out the additional duties you will have to perform for the lender if you agree to list the property. Sometimes these extra duties are contained within the listing documents and other times they may come in the form of an Agent Responsibility Agreement. Some of the additional responsibilities an REO agent is expected to perform are as follows: • • • • • • • • • Conducting regular drive by inspections of the property prior to the foreclosure auction; Performing pre-foreclosure BPOs; Helping secure possession of the property from the prior owners, usually by contacting the former owners and opening a line of communication with them; Conducting an initial inspection after the foreclosure auction and obtaining bids for all necessary repairs; Assisting the lender client in deciding whether to sell the property “as is” or completing one or more necessary repairs if it makes economic sense; Conducting inspections and performing BPOs for the lender during your listing on a regular basis that could be from weekly to monthly; Acting as a general contractor by coordinating the completion of the repairs to the property; Paying for all utility expenses and repairs up front out of your own pocket and then being reimbursed by the lender between 30-60 days afterward; and Regularly updating the lender on the status of your listing, including advertising efforts, showings and activity from other agents. This is usually done by directly inputting information into their system over the Internet. ©2008 VALCO Press 4 ARE THERE DRAWBACKS TO BECOMING A REO AGENT? As you can tell from the answer to the question above, being a REO agent generally requires extra effort and work, compared to your standard listing. If you don’t perform these additional services required by the lender, your listing will be terminated. Further, with regard to the extra work you will be expected to perform, you will not receive any extra compensation for these services. In fact, the majority practice of lenders is to only pay a five percent commission to their listing agents from which the listing agent is only permitted to receive two percent with the remaining three percent paid to the selling agent. Also, if you received the REO listing as a referral from an outsourcer and not directly from a lender, you will be expected to pay a referral fee to the outsourcer. This referral fee is usually 25 percent of your part of the commission. This means that you may only earn 1½% for listing a REO. Finally, because you will be required to pay for utilities and repairs out of your own pocket up front and then bill the lender for reimbursement, you will need to have access to sufficient cash (even if it is from credit cards) to pay these expenses as they accrue. The amount of cash you will need to have on hand will depend on how many listings you will be getting from the lender on a consistent basis. A couple of listings a month may only require a reserve of $15,000$25,000. Six listings a month and up may require $50,000 or more in available cash or credit. It is important to realize that if you are receiving a relatively steady flow of listings that you will always be floating this money. ©2008 VALCO Press 5 WHAT ARE THE BENEFITS OF BECOMING A REO AGENT? With all the hard work required and reduced commissions, why would an agent want REO listings? Because the potential financial rewards and other advantages outweigh the disadvantages. 1. Consistent Listings. Once you start getting listings from an asset manager and they are confident you are competent, you will start receiving listings on a consistent basis. A single asset manager for a lender could refer you anywhere from several to hundreds of listings a year. 2. High Volume. As your REO business expands and you start receiving listings from other asset managers, you will soon find the volume of REO referrals increasing very quickly. This is especially true in a foreclosure market like today. With a regular large volume of listings, you will always have properties closing. 3. Listings that Sell. Lenders need to dispose of their REO properties. They must sell them as quickly as possible for both financial and regulatory reasons. Unlike regular sellers, they can keep dropping the price until the property sells. 4. Substantial Income. When you have a consistently high volume of listings that you are selling, that obviously means you can earn a very good living in the REO business. 5. Flourish in a Down Market. In a good up market, most agents can be successful with very little effort. But when the market turns bad, most of those agents end up leaving the business and most of the few that remain only scrape by. The small number of agents that know how to work in a down market, who specialize in foreclosures, short sales or list REO properties, will not only survive, but actually flourish when times are tough. A down market like we have today is a REO agent’s dream. ©2008 VALCO Press 6 IS THERE ANYTHING I SHOULD DO BEFORE I START APPLYING TO BECOME A REO AGENT? Definitely! When you start contacting lenders, outsourcers and asset managers, you usually only get one chance to convince them you’re right for the job. Your first impression is critical. A major key to your initial success is understanding what the lenders and outsourcers are looking for in a REO agent. What they are looking for first and foremost is experience. If you’re not already in the REO business, how do you get around this “experience” requirement? Sometimes you can’t, but sometimes, if you can present yourself in the right way, you can make it onto the lenders’ and outsourcers’ approved agent lists. So how can you present yourself to lenders in a way to minimize the impact of your lack of experience? You have to first create a lender-friendly resume. Having this resume prepared in advance will make sure that you will have all your ducks in a row when you start applying for REO work. Since you may not have any actual REO experience or lender references to put on your resume, you will need to come as close as you can. Here are some items to include in your resume to make the resume more lender-friendly: 1. Lender Related Experience and References. If you’ve done BPOs, list your experience and get references if possible. If not, start signing up for BPO work immediately. Doing BPOs for a lender is as close as you can come to actual REO experience. List any lending or mortgage brokerage licenses or experience you have. Contact all the lenders you’ve sent loans to in the past and ask for letters of reference on the lender’s letterhead emphasizing what an excellent REO agent you would make. 2. REO Work-Related Experience. Remember, a REO agent is also a rehabber and a property manager, in addition to being a real estate agent. So if you have ever been a property manager, rehabbed properties or acted as a contractor, make sure this type of experience is included in the resume. 3. Education. Emphasize any special education or training that you have. Courses on foreclosure, REO brokerage, performing BPOs, appraisal, rehabbing and property repair, property management and contracting will demonstrate you have education, training and skills in areas that REO agents must know. ©2008 VALCO Press 7 4. A REO Team in Place. Successful REO agents are not loners. They have a staff to assist them and an outside team of specialists ready to go on a moment’s notice to take care of properties. Emphasize to the lender you have a staff assisting you (even if you share them with other agents or your entire brokerage). They could even be virtual assistants on the Internet Some staff positions could include a transaction coordinator, marketer, licensed assistant, and a field assistant to help monitor properties and repairs. Your outside team should be assembled and cover all areas of property maintenance and repair. Members of this team could include a general contractor and subcontractors, such as a plumber, electrician, handy-man, clean up crew, painter, roofer and landscaper. 5. REO Related Memberships. Join REO organizations. Some have closed their memberships or have long waiting lists. Fortunately, in today’s foreclosure environment, new REO organizations are being formed all the time. Join them and put them on your resume. If they can provide you with any certifications or designations, all the better. 6. Personal Qualifications. If you have any special qualifications that you think might help you get the business, make sure to include them as well. Some examples are foreign language fluency or market expertise in specific geographic areas, from one or more counties to specific zip codes. Sometimes, lenders assign files by zip codes and they have trouble finding agents in remote or out of the way areas. List any skill that makes you unique and that a lender may find a plus for even one REO property in your area. ©2008 VALCO Press 8 IS THERE ANYTHING ELSE I CAN DO THAT MIGHT HELP ME GET REO LISTINGS? Outside of direct contact with lenders and outsourcers by applying with them, there are a few ways to break into the business by luck and circumstances. The best way to try to make this happen is by placing yourself in front of those people and companies who might be able to help you get in the business. This means you need to do two things: 1. Exploit All Lender Related Contacts You Make. During the day-to-day course of your real estate business, you have come across and will come across many individuals who could be the one to help you get into the REO business. You never know which one has that name or number you need. So every time you have a favorable contact with someone connected to a lender, remember to just ask them if they know anyone or any way that can help you become an approved REO agent for their lender. Sometimes they know who to contact or even may have once worked in the REO department themselves. So every time you meet a loss mitigator, loan officer, foreclosure trustee or field services company representative, ask if they know anyone you can contact or any other way to get in contact with their lender’s REO department. 2. Attend Industry Events and Network. The major REO broker associations and industry default servicing organizations hold annual or semi-annual conferences and educational events for their members and the REO industry in general. These regional and nationwide events are attended by servicers, lenders, asset managers, REO outsourcers and other REO industry insiders. Many REO brokers got their start in the REO business just by meeting the right people and making the right contacts at these events. Look for one of these events near you, sign up and attend. Some organizations and associations who organize these events and conferences are listed below: ™ REOMAC www.reomac.com ™ NRBA www.nrba.com ™ Mortgage Servicing News www.mortgageservicingnews.com ™ DS News www.dsnews.com ™ Servicing Management www.sm-online.com ©2008 VALCO Press 9 UTILIZING THE REO CONTACT LIST On the following pages of this book are the names, websites and telephone numbers of over 200 companies you can sign up with to get REO business. All of these links were working as of the most recent publication of this book in January 2009. Because of the constantly changing market conditions, however, the status of some contacts, links and need for new REO agents can change at anytime. Do not sign up with just a few and expect to get listings from each one. Some may like your resume and have an immediate need for more REO agents. Others may put more emphasis on actual REO experience or have filled all of their agent openings. Sign up with all of them or as many as possible to have your best chances of success. As you acquire experience and lender references for your resume, your success in acquiring even more lenders or outsourcers to work for will get easier and easier. So, there you have it; the REO business for agents in a nutshell. Put your resume together and plunge right in. The best time in history to break into the REO business is now; so get started! ©2008 VALCO Press 10 REO CONTACT LIST Co. Name Website Instructions American Trust Deed Service Corp. http://www.americantd.com/employment.htm Complete the form Co. Name Website Instructions Appraisal Bank www.appraisalbank.org/client_signup.cfm Complete the form Co. Name Website Instructions ASG Mortgage Services, Inc. www.asgbpo.com/promembership.asp Complete the form Co. Name Website Instructions Asset Disposition Management www.admreo.com/signup.html Click on the "buyandsellaHome.com" link and complete the form Co. Name Website Instructions Asset Foreclosure Services, Inc. http://www.assetforeclosure.com/ Complete the requested info in the "Contact Us" boxes Co. Name Website Instructions Asset Link www.assetlinklp.com This site is currently undergoing changes; check back Co. Name Website Instructions Asset Valuation & Marketing www.assetval.com/RealtorRegistration.aspx Complete the form Co. Name Website Instructions Atlas REO Services www.atlasreo.com/broker.html Complete the form Co. Name Website Instructions Auction Services Group www.auctionreferralnetwork.com/ Complete the form Co. Name Website Instructions Bank of America Mortgage https://www3.bankofamerica.com/loansandhomes/index.cfm?template=contact_realestate Complete the form ©2008 VALCO Press 11 Co. Name Website Instructions California Trust Deeds http://www.ctdres.com/contact.htm Call Sidney Gladney at 510.444.3200 or 510.407.1660 Co. Name Website Instructions Central State Appraisers www.centralstateappraisal.com/AppraiserApplication.asp Complete the form Co. Name Website Instructions Clear Capital www.clearcapital.com/join/split.cfm Click on "Real Estate Brokers & Agents"; complete form Co. Name Website Instructions Coldwell Banker REO Division www.reoexperts.net/vendor.aspx Although not taking applications now, click "here" to submit your name for future consideration Co. Name Website Instructions Collateral Specialist Inc. www.collateralspecialists.com/reps/index.html Scroll to bottom of page and click on "click here" to complete form Co. Name Website Instructions CoreLogic www.valuationsupportservices.com/Home/HomeFrame.aspx Click on "Real Estate Broker/Agent" under "Join Our Network" Co. Name Website Instructions Corporate Asset Management www.camreo.com/agent_signup/reo_broker_nationwidebpo_registration/index.php This is a subscription of $299 to become a select agent Co. Name Website Instructions Countrywide Home Loans https://realtors.countrywide.com/Registration/Registration1.aspx Complete the registration form Co. Name Website Instructions Countrywide www.cwfieldservices.com/cfsc_tools/ContractorApplication%2003-2008.doc Complete the form Co. Name Website Instructions Dinwiddie Property Services Co. www.dinproserv.com/agt_info.html Complete the form ©2008 VALCO Press 12 Co. Name Website Instructions DISPO Solutions www.disposolutions.com/signup1.aspx Enter your email address and click on "continue" Co. Name Website Instructions Draper & Kramer, Inc. http://www.draperandkramer.com/careers.php Send an email to Gail Eubanks, Vice President Human Resources, at [email protected] Co. Name Website Instructions Elam REO Services Co www.elamreo.com/register/index.cfm Complete the form Co. Name Website Instructions EMC Mortgage www.reotrans.com/index.cfm?event=welcome.agents To create a free account, enter your email address to get started Co. Name Website Instructions eMortgage Logic, LLC www.emortgagelogic.com/index.html Click on "How Do I Join?" and complete the form Co. Name Website Instructions Evaluate USA www.evaluateusa.com Click on the grey "Join" button and complete the form Co. Name Website Instructions eValuation Solutions www.evalonline.com/agents_howtosignup.htm Follow the 6-step process outlined on the page Co. Name Website Instructions Fannie Mae REO http://reosearch.fanniemae.com/reosearch/ Click on "How to become a Fannie Mae Real Estate Broker" and follow the directions on the "Vendor" page Co. Name Website Instructions Financial Asset Services www.fasinc.com/vendors_agent_app.asp Complete the form Co. Name Website Instructions First American REO Servicing www.firstamreo.com/application.asp Complete the form ©2008 VALCO Press 13 Co. Name Website Instructions Five Brothers Mortgage Co. Services www.fivebrms.com/Application.htm Complete the form Co. Name Website Instructions FNIS Valuation Services www.mivalue.com/contact_us.asp?strProduct=join%20us Complete the form Co. Name Website Instructions Freddie Mac REO http://www.homesteps.com/rl01_sell_agentselect.htm Click on "Yes, Sign me up!" and follow the instructions Co. Name Website Instructions GMAC RFC www.valuations.gmacrfc.com/valuationsclient/main.asp Click on "Downloads", then on "Vendor Registration" and cursor through the document Co. Name Website Instructions Green River Capital www.riocentral.com/prospectivebroker.aspx Complete the form Co. Name Website Instructions Greenlink LLC No website to use for enrolling as a REO agent Call 1-877-247-0099 between 8:30 - 6:30 EST for information Co. Name Website Instructions GRP Financial Services Corp. http://www.grpcapital.com/properties/index.html Send an email to [email protected] to apply to list properties Co. Name Website Instructions Harbor Asset Management Services www.harborams.com/index.html Click on "How Do I Join?" and complete the form Co. Name Website Instructions Home Steps www.homesteps.com/rl01_3sellagent_sele_reg.htm Complete the form Co. Name Website Instructions HUD REO http://www.hud.gov/offices/hsg/sfh/reo/mm/mmfaq.cfm Click on "Registration Instructions" and follow the instructions Be sure to read through the entire page ©2008 VALCO Press 14 Co. Name Website Instructions IAS REO http://www.iasreo.com/workwithus.aspx Although not taking applications now, complete the form to submit your name for future consideration Co. Name Website Instructions I Mortgage Services www.propertysmart.us/vendor_application/NewVendor.aspx?buid=82c7eb91-5beb-49c8-9e95-d8e48f0effff Complete the form Co. Name Website Instructions I Short Sale www.ishortsale.com/api/Index.cfm/cms.category/i/166/t/Agents-Brokers.htm Complete the form Co. Name Website Instructions IndyMac http://reo.indymac.com/reo.ext/presentation/BrokerApplication.aspx Click on "Submit a New Application" and follow the instructions Co. Name Website Instructions Integrated Real Estate Processing www.irepvm.com/default.aspx?page=6&view=1 Cursor down to the area of your expertise and contact the person in your area Co. Name Website Instructions JCL Asset Management www.jclam.com/login.aspx?ReturnUrl=%2fbroker.aspx Enter a login ID and password to begin Co. Name Website Instructions JEM REO Resources, Inc. www.disposolutions.com/signup1.aspx Enter your email address and click on "continue" Co. Name Website Instructions JP Morgan Chase Bank REO http://mortgage.chase.com/pages/other/co_properties_landing.jsp Send email to [email protected] for more info Co. Name Website Instructions JVI REO www.jvireo.com/become_a_jvi_broker.html Email your resume as directed Co. Name Website Instructions Keystone Asset Management, Inc. https://www.keystonebest.com/AgentApplication/AgentApplication.aspx Complete the form ©2008 VALCO Press 15 Co. Name Website Instructions LAMCO Lenders Asset Management www.lendersreo.com/application.aspx Read the instructions; then complete the form Co. Name Website Instructions Land America https://ladsvalues.landam.com/ Click on "Default Services", then on "Vendor" and complete form Co. Name Website Instructions Logs Network http://www.logs.com/services/reo_services/reo_broker.html Prepare the information requested and email it to [email protected] Co. Name Website Instructions LPS Asset Management Solutions http://www.lps-am.com/Broker.aspx Please send your contact information with subject line, �Waiting List’, to [email protected]; your regional Agent Network Consultant will acknowledge your submission once you have been added Co. Name Website Instructions M.D. Webb & Associations, Inc. www.mdwebbinc.com/contactUs.aspx Complete the contact form Co. Name Website Instructions MacPro http://www.macprovaluation.com/vendor_signup.asp Complete the form Co. Name Website Instructions Main Street Valuations www.mainstreetval.com/prospectivebroker.aspx Complete the form Co. Name Website Instructions Market Intelligence www.mivalue.com/contact_us.asp?strProduct=join%20us Complete the form Co. Name Website Instructions MGIC www.mgic.com/contact/brokersignup.html Click on "Real Estate Professional Profile" and complete form Co. Name Website Instructions Millenia Asset Management www.2ndlienrecovery.com/asp/site/vendors/jointeam/index.asp Complete the form ©2008 VALCO Press 16 Co. Name Website Instructions National Foreclosure Services www.nationalforeclosureservices.com/secure/register/reg_agent.cfm Complete the form and click on "register" Co. Name Website Instructions National Vendor Management Services www.nvms.com/Register.aspx Complete the form Co. Name Website Instructions Nations REO www.nationsreo.com/brokers.cfm Click on "Submit Information" to complete form for faxing Co. Name Website Instructions Nationstar Mortgage www.nationstarmtg.com/realtors/realtorapplication_step1.aspx Complete the form Co. Name Website Instructions Nationwide Appraisal & Title Services www.nascopgh.com/vendors?page=vendorops Click on the area you're interested in and submit email inquiry Co. Name Website Instructions Nationwide REO Brokers www.nreob.com/Public/Registration/Broker/RegistrationAgreement.aspx Read "Master Mangement Agreement" and, if acceptable, enter last name and click "I Agree" Co. Name Website Instructions Northpoint REO www.northpointreo.com/contact.html Complete the contact form to request more information Co. Name Website Instructions Olympus Asset Management www.olympusasset.com/agent/agentdata.php Complete the form and click on "submit" Co. Name Website Instructions Option One Mortgage https://secure.oomc.com/xbpms/partnerExistCheck.do?vendorType=7 Enter the information requested to apply Co. Name Website Instructions Owen REO, LLC www.owenreollc.com/contactus.asp# Under "Interested Brokers," click on link and complete form for more information ©2008 VALCO Press 17 Co. Name Website Instructions Pacific Field Services www.pacfield.com/ContactUs.asp Send an email or telephone for more information Co. Name Website Instructions Platinum Marketing Services www.platreo.com/agentsignup.asp Complete the form Co. Name Website Instructions PNC Realty Services http://www.realtyservices.pnc.com/ Must sign up through REO Network to list these properties Co. Name Website Instructions ProTeck Services https://www.protk.com/brokersignup.asp Complete the form Co. Name Website Instructions R&D Properties, LLC www.rdproperties.com/ Click on the link "Contact Us" to receive information on how to join the team Co. Name Website Instructions Recon Trust Co. www.recontrustco.com/contact.aspx Complete the contact form to request information on how to join the team Co. Name Website Instructions Reliance Field Services [email protected] Email the REO Department for more information Co. Name Website Instructions REO 4 U www.reo4u.com/AB/register.asp Complete the form Co. Name Website Instructions REO Allegiance.com www.reoallegiance.com/contractor/registration.cfm Complete the form Co. Name Website Instructions REO America www.reoam.com/brokerapplication.htm "Click Here" and complete requested information ©2008 VALCO Press 18 Co. Name Website Instructions REO Brokerage Group www.reobg.com/questions.html Complete the form Co. Name Website Instructions REO.com http://reo.com/signup/agent/clientcheck.asp Insert email address and click "submit" Co. Name Website Instructions REO Connection www.reoconnection.com/join_now.php?PHPSESSID=cf456ff3550a3a74ea25fa7c9fb58698 This is a subscription membership - $995 - Complete the form Co. Name Website Instructions REO Network www.reonetwork.com/join/broker_step_1.cfm Complete the form Co. Name Website Instructions REO Trans https://www.reotrans.com/index.cfm?event=welcome.agents Insert your email address to begin sign up process Co. Name Website Instructions REO Solutions www.reosolutions.net/register.cfm?UserType=11 Complete the form Co. Name Website Instructions REO World www.reoworld.com/ Click on "Broker Sign Up" to complete form Co. Name Website Instructions Security National Master Holding Co., LLC https://bpo.snsc.com/signup.aspx Complete the form Co. Name Website Instructions Select Business Services www.sbs-cbc.com/vendor_signup.htm Send an email; be sure to include "VENDOR COORDINATOR" in your subject line Co. Name Website Instructions Select Portfolio Servicing www.spservicing.com/services/partner/brokerfaq.htm Click on "Broker Application" and mail package to address listed on web page ©2008 VALCO Press 19 Co. Name Website Instructions Serivce Link www.servicelinklp.com/ServiceLink/contactus.asp Cursor down to "New Vendor" and either call or email request for information Co. Name Website Instructions Single Source Property Solutions www.propertysmart.us/vendor_application/NewVendor.aspx?buid=250919ca-12a5-4151-b7a3-863b55eab6fe Complete the form Co. Name Website Instructions Sprint Mortgage Services www.4smsi.com/repprofile.aspx Complete the form Co. Name Website Instructions Snow Enterprises www.webinspections.com/opportunities.html Click on your state; click "Apply" next to the type of work you want to complete Co. Name Website Instructions Source One Services www.sourceoneservices.com/Join-our-network.html Complete the form Co. Name Website Instructions SunTrust Mortgage http://www.suntrustmortgage.com/reo.asp Follow the instructions on this page to become a listing agent Co. Name Website Instructions TransUnion Settlement Solutions www.transunion.com/docs/ssi/Realtor_Application.pdf You must have Adobe Acrobat Reader; complete the form Co. Name Website Instructions US Real Estate Services www.usres.com/AGENT_REGISTRATION:1653409191 Read this page very carefully before continuing. Must perform FREE BPOs to obtain REO listings. Co. Name Website Instructions Wilshire Credit Corporation https://www.wcc.ml.com/Homes.aspx Scroll down to the bottom of the page and follow the instructions to become a Wilshire broker Co. Name Website Instructions W-M Realty Services www.w-mgroup.com/internal/vendor/addvendor.aspx Complete the form ©2008 VALCO Press 20 OTHER REO CONTACTS Company Name Telephone No. Fax No. Accredited Home Lenders, Inc. 858-451-7390 Aegon USA 319-363-5400 319-369-2188 Amboy Bank 732-591-8700 732-591-0638 American General Financial Services 888-625-7544 800-847-3244 American National Bank 402-399-5550 Amtrust Bank 216-588-4100 Anchor Bank 608-252-8763 Aurora Loan Services, Inc. 308-635-3500 BancFirst 405-270-4716 Bank of Hawaii 808-524-7976 Bay Financial Savings Bank 813-886-5626 Ext. 708 813-886-6995 Bayview Financial, LP 305-854-8880 305-854-2031 Canyon National Bank 760-776-1500 Capital One 504-533-2118 Carrington Mortgage Services, LLC 800-790-9502 Opt 4 Cathay Bank 213-625-4897 213-617-0981 Cenlar 609-883-3900 609-656-3032 Central Pacific Bank 808-544-0731 Charter One Bank 216-566-0386 Chase Home Finance 800-548-7912 216-588-2060 308-220-2251 504-533-5210 Chemical Bank 269-934-1025 Chinatrust Bank 626-913-8815 Ext 124 CitiMortgage, Inc. 800-685-0935 Colonial Bank 334-240-5137 Columbus Bank & Trust Co. 708-649-2089 Comerica Bank - Michigan 248-371-6410 Comerica Bank - Texas 214-589-4721 Commerce Bank 816-234-2990 Community Bank 626-568-2102 Compass Bank 205-297-4960 Countrywide Home Loans, Inc. 805-520-5207 Deutsche Bank Trust Company Americas 714-247-6000 714-247-6022 Downey Savings & Loan Association 800-472-4761 949-856-9404 East West Bank 626-371-8652 Edgewater Bank 800-982-3366 EMC Mortgage Corp. 800-723-3005 EverHome Mortgage Co. 800-669-9721 Extraco Mortgage Cop. 254-761-2430 ©2008 VALCO Press 21 626-568-2083 214-626-4777 Farmers & Merchants Bank of Rockford 509-921-2265 Fifth Third Bank 800-447-7928 513-534-8830 First Credit Union 800-732-6986 480-756-4676 First Federal Savings & Loan Association 800-768-3248 First Federal Savings Bank 800-443-8780 First Hawaiian Bank 808-844-3925 First National Bank of Scotia 518-370-7279 First National Mortgage Co. 408-241-5626 Ext 375 First Northern Bank of Dixon 800-682-8648 530-753-8547 First Republic Bank 415-288-1498 415-392-4405 First Citizens Bank & Trust Co. 919-755-2860 FirstMerit Bank 330-384-7094 Frost National Bank 210-220-4311 Green Tree Servicing, LLC - MN 800-322-3323 Green Tree Servicing, LLC - AZ 888-315-8733 Ext 39978 480-333-6068 GreenPoint Mortgage Funding, Inc. 800-784-5566 Opt 2 Ext 5380 415-87-4895 Guarantee National Mortgage 414-362-4591 Guaranty Bank 214-360-5108 Hancock Bank - MS 228-868-4696 Hancock Bank - LA 225-295-7252 HomEq Servicing Corp. 866-822-1471 Household Finance Corp. 909-397-3190 IndyMac Federal Bank 877-736-5556 Irwin Home Equity Corp. 925-790-4637 Keybank 800-933-0869 Liberty Savings Bank 937-382-1000 Ext 6 937-382-0102 Libertyville Bank & Trust Co. 847-367-6800 847-367-8444 Luther Burbank Savings 707-523-9889 707-578-7735 M & I Marshall & Ilsey Bank 262-814-5804 Marin Mortgage Bankers 415-464-2070 Ext 119 415-464-2071 Martin Financial Co. 209-524-1004 Ext 102 209-524-1436 Mellon Bank 800-874-0998 MidFirst Bank 800-457-8002 405-426-1400 Monroe Bank 812-331-3563 812-331-3486 National Bank of Arizona 602-212-5447 602-287-0722 National Bank of South Carolina 803-929-2118 National City Mortgage, Inc. 800-367-9305 Nationstar Mortgage, LLP 888-708-4043 Nationwide Advantage Mortgage Co. 800-356-3442 Ext 7337 North Shore Bank 262-637-4463 North Valley Bank 530-226-2920 ©2008 VALCO Press 22 909-397-3990 925-790-5833 937-910-4076 515-224-7115 Northern Trust 305-789-1554 Ocwen Financial Corp. 877-226-2936 PFF Bank & Trust 909-625-4876 PHH Mortgage Services Corp. 866-947-7729 Ext 2613/2615 Peoples Bank & Trust Co of Madison County 859-986-3175 Ext 233 PLM Lender Services, Inc. 408-370-4030 Ext 210 Pulte Mortgage, LLC 303-740-8000 Regions Bank 901-580-6282 Saxon Mortgage Services 888-325-3502 Select Portfolio Servicing, Inc. 801-293-1883 SN Servicing Corp. 800-489-6446 Sterling Savings Bank 800-621-1970 SunTrust Bank - GA 404-813-3423 SunTrust Bank - TN 865-692-6993 SunTrust Mortgage, Inc. 800-634-7928 Temecula Valley Bank 951-694-8096 Third Federal Savings & Loan Assoc. 888-844-7333 Ext 1079 TierOne Bank 800-288-0722 Tri Counties Bank 530-898-0300 US Bank Home Mortgage 800-365-7900 US Bank 612-973-0740 Union Bank of California 858-496-5484 Universal American Mortgage Co, LLC 800-741-8262 Universal Bank 626-854-2818 Ext 134 Vantus Bank 712-277-0390 Washington Trust Bank 509-353-3837 Zions Bank 801-524-4993 ©2008 VALCO Press 23 901-580-4880 ATTN: REO 801-594-6048 951-694-1585 530-898-0330 858-496-5604 626-854-2807
© Copyright 2024 Paperzz