AgentLinkus Real Estate Discussion Forums

AgentLinkus Real Estate Forums

Real Estate Discussion Forums For Real Estate Professionals in the United States

Real Estate Discussion Forums in the US

Real Estate Forums

Ask and answer questions, share ideas, offer feedback or encouragement

Join the Conversation

Featured Articles

Articles for Real Estate Agents, Buyers and Sellers

Real Estate Articles

REO Listing Agent Application Signup List

REO Listing Agent Application and Signup Links below, updated in 2018

What is an REO Listing Agent?  An REO listing Agent is an Agent who puts foreclosure listings active on the open market for Asset Managers and Outsourcers who manage assets that have foreclosed.  Agents find these listings attractive because they often involve multiple listings and regular business. 

REO Listing Assignments are extremely difficult accounts to get for Real Estate Agents; it is extremely competitive.  Make sure you are ready to complete Asset Managers tasks without delay and without needing a lot of instruction.  Asset Managers have no problem firing you, if you require too much explanation, or if you make mistakes.  It is an unforgiving business, largely because Asset Managers MUST produce and meet their numbers, and they count on their REO Agents to get listings sold at prices they anticipate. 

The most common question among aspiring REO Real Estate Agents are “How do I start to work for Banks, how do I get REO Listings, how can I find REO Listing Applications?”

In my effort to secure REO Listings, I documented my application links and am sharing with Agents my list of Outsourcers and Banks that I have applied with.   It is important to be organized about your submitting your  applications.  It is also important to follow up and re-apply with updated documentation. 

Some people think I am wacky to share the information that has gotten me hundreds of foreclosure listings, but I believe in sharing information.  Other REO Agents have helped me throughout my 19 years as a Real Estate Broker. Through blood, sweat, and tears, I have put together a lengthy list of banks or outsourcers to sign up with to make application for REO assignments.  It took a tremendous amount of time to locate the applications and to determine if they were legit.  I am fully aware of how much time I am saving you by sharing my documented efforts, and updating them frequently.  Please let me know if you have any to add to the list.  

I should tell you that my method of obtaining REO assignments is simple: I apply through the channels that the Outsourcer or Asset Managers have made available. I do not attend REO Listing Agent conferences, I have attended zero REO Listing Agent Conferences. First I hate to travel, but more importantly, I have received a tremendous amount of opportunities and continued business submitting REO listing Agent Applications just as they instruct. I update my application information every six months.  I am always looking for new portals, new outsourcers, and new Asset Managers that might need an REO Listing Agent.

The majority of my New REO accounts have resulted from the previous REO Listing Agent getting fired.  The fact that Asset Managers know there is a long line of eager REO Agents eagerly waiting for work makes it clear that we are all replaceable.  If you have a complete, updated REO Agent application in with all their required documentation, you could be the next in line to take over when a previous listing agent gets terminated.

To be an REO Listing Agent, be prepared with BPO (Broker Price Opinion) experience to avoid screwing up a big opportunity. Trust me; every REO listing assignment is BIG deal!  If you mess up or do not meet an Asset Managers deadlines, they will re-assign the REO listing to another REO Listing Agent without a second thought.  It is truly a dog-eat-dog business, much more so than traditional real estate sales.   Here is how you can get BPO Broker Price Opinion Work.  

Some Real Estate Brokers complain about REO Listing Agents being terrible or non-responsive, but I promise their Asset Managers are getting top notch service from them to keep them active. Be ready to do a great job for any Outsourcer or Asset Manager that gives you the first shot with their listings.  A first REO Listing may require you to enlist a more experienced REO Agent through your first few listing assignments.  Pay a referral fee to an REO listing Agent out of your service area just for their experience.  Having someone to ask questions to that is NOT the Asset Manager is smart.  You should fake it until you make it, and REO tasks are not typical listing agent tasks.

Asset Management Companies can be large or small, REO Listing Assignments can be divided by company, region or Asset Manager.  This is a list of Agent application links that I have compiled since I started applying for as an REO Listing Agent in 2008.  The list is not area specific.  I suggest completing Agent Applications for every place that is accepting them.

In the ever-changing REO BPO business, new companies are offering REO business all of the time. Please post below if you have found a new REO applications to add to the list, or in a link is dead.

Items to have available to you to start making application, most will require the following. REO BPO specific Resume, REO service area zip codes served. Real Estate License, Errors and Omission insurance policy number and coverage details, which comes in a document referred to as a declarations page, general Insurance policy number and coverage details, Agent photo, and Agent contact information, REO BPO references, and W-9 signed and dated within the current year. Documents should be in PDF format. REO Outsourcers usually have a Master Listing Agreement that requires signature and upload.  Good luck!  The work really starts once you get your first REO assignment! =)

25 Capital

54 Collaborate

Advent REO (no longer, so removed link)

Aim Your Way LLC

Altas REO Services

Altisource Realtrans

AMRE Solutions (no longer active, removed link)

Arro Management Systems LLC

ASD America (no longer active, removed link)

Archon Group (no longer active, removed link)

AspenGrove IAgent

Asset Disposition Management (no longer active, removed link)

Asset Valuation & Marketing

Assign
REO

Atlantic Pacific REO

BA Urban Solutions LLC (Website taken down)

Bankers Asset Management

Benjamin Management Group

Best Assets 

BidSelect

BLB Resources

Brighton Real Estate Services

California REO Management (no longer active, removed link)

Caneel Group

CMS (Carrington
Mortgage Services LLC)

Compass Bank

Conix no longer active, removed link)

Crest REO

Dakota Asset Services 

Default Resource Mortgage Default Servicing Solutions (Website taken down)

DispoSolutions Renamed to Exceleras 

Elam REO Services Inc (no longer active, removed link)

ETC REO Management (no longer active, removed link)

Executive Asset Management Changed to Default Resource 

Fannie Mae (homepath)

FAS (Financial Asset Services Incorporated)

FDIC

Financial Asset Services

First Preston

Fiserv

fivebrothers

Freddie Mac

Goodman Dean

Green River Capital
info@greenrivercap.com

HMS Lender Recovery Services

HomeSteps Connect

HomeTracker

Homeward
Residential

HUD

IAS (Integrated Asset Services) (no longer active, removed link)

IMS (Integrated Mortgage
Solutions)

IndyMac
Mortgage Services (merged reo with One West Bank, then merged with CIT

InSource Financial Services

iServe Real Estate Operations

Jem REO Resources Inc

Kazork Transparent Real Estate

Keystone Asset Management

Kinnamon Group Inc

Kondaur Capital

LAMCO Lenders Asset Management Corp (no longer active, removed link)

Leading Edge Companies LEC

Liquidation Management Solutions Vendor Performance Network

LLS Litton
Loan Servicing (no longer active, removed link)

Logs Network

LPS (Lender Processing Services Inc) Now Servicelink

MCB (Michaelson, Connor & Boul)

MGIC Rev

MLH (My Land Home)

NAMG (National Asset Management
Group)

National Default
Servicing, LLC (no longer active, removed link)

National Real Estate Asset Management (no longer active, removed link)

Nationstar Mortgage

Nationwide REO
Brokers (seems like site might be hacked, enter are your own risk, google name to see if you can reach, I didn’t want to keep link active)

Network Mortgage Servicing

New Vista Asset
Management (no longer active, removed link)

NLA (National Listing Agent Management) (REO Application Taken Down)

Northpoint Realty Asset
Management Company

NPR Capital (no longer active, removed link)

NRT REO Experts LLC

NVMS (National Vendor Management Services)

Old Republic Default
Management Services

Olympus Asset Management, Incorporated

Optimal REO Solutions (proceed with caution with this company, have heard some questionable feedback)

PAS
Premier Asset Services Now AspenGrove IAgent

Peak Foreclosure Services Inc

Phoenix Asset Management, LLC

PlatREO Platinum Marketing Services (no longer active, removed link)

PMH
Financial

Prescient Asset Management

ProcureOne (Fannie Mae)

Promisor Asset Recovery

RealtyBid.com

Red 2 Black (no longer active, removed link)

Regional REO Services

REO Allegiance (no longer active, removed link)

REO America

REO Brokerage Group (no longer active, removed link)

REO Connex Green
River Capital

REO
Marketing

REO NETWORK

REO Solutions

REO World (no longer active, removed link)

REO.com

REOAgents.net

REOConnection

REOSOURCE (either not active, or website problems)

Residential Mortgage Solutions

SAMREO (Specialized Asset
Management)

ServiceLink FNF’s National Lender
Platform

SingleSource Property Solutinos

Skyhill REO a dba of Skyhill Financial, Inc

SPS (Select
Portfolio Servicing, Inc)

Stewart Financial vendors1@stewart.com

Suntrust
Mortgage

TREO International, Inc (either inactive or website problems)

Trimont Real Estate Advisors

USRES (United States Real Estate Services)

VRM (Vendor Resource Management)

This Post Has 14 Comments

  1. I have constantly got business from VRM, I think they do all VA REO assignments.

  2. You are so generous for sharing this info. I will let you know if any expired or if I have any to add. Wishing everyone lots of success.

  3. Thanks, this is incredible. Any idea which are the best REO accounts for Idaho?

  4. This site is absolutely fabulous!

  5. Keep up the great work guys! Thanks for the share, I have been trying to get into REO for a while, but I have never done it. Not so competative right now, so I might have a better chance.

  6. Thank you, great info. Generous to share.

  7. Looking forward to increasing my REO biz, not an easy one to break in to. Thanks for the helpful post, much appreciated, you just saved me a lot of time.

  8. I just sent you info as well, about an REO biz that has gone under and stopped reimbursements to Agents. They have tried to assure me that I will get paid, but I feel like I should warn others. At least it is $1500 instead of the $30K I have put out on REO before. Still though, worrying about reimbursements with new companies is one of the worst parts about being an REO Broker.

  9. Thank you for sharing, I just emailed you with a new company that I have gotten REO Listings from, I hope others from different locations have the same luck. I am interested in posting some articles, this seems like a good place to network.

  10. Thanks for sharing Kim! I hope business is good. I have seen a dramatic increase in VRM assignments.

  11. I love your articles and I love the theme of this site, it is VERY fast. Did you make this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to create my own blog and would like to find out where u got this from. many thanks. I am a part time Realtor, but would love to go full time.

  12. I wish I would have hit this site a few months ago when I started making applications! I have landed a few small time REO accounts, but am anxious to submit my application to all of these. Cheers from Florida, you are appreciated.

  13. Thanks for this article, very helpful, just the generosity I needed today. I have been extremely frustrated with this business, I was just thinking of throwing in the towel. I have been working and working and making no money. Maybe this is just what I needed. Maybe I will get my first REO, and I will have you to thank.

  14. I REALLY appreciate your willingness to share, I am going to email you some of my REO clients that are keeping me busy right now. I don’t mind sharing, but don’t really want my local competition to know, I am sure you understand. Best, Nee.

Leave a Reply

Post a Question

Ask our community of Real Estate Professionals in the United States your question. Post as a guest or register quickly for a free account.

Real Estate Question

Post as a Guest or quickly create a FREE account.

Submit an Article

Submit you unique article to our Real Estate audience.

Real Estate Question

We are thankful for your dedication to your profession!

Through blood, sweat, and tears, I have put together a lengthy list of banks or outsourcers to sign up with to make application for REO Listing work.

Thank you for sharing!

Open House Supplies

Real Estate Post Views: 2,437
Share on Facebook Share
Share on TwitterTweet
Share on Google Plus Share
Share on Pinterest Share
Share on LinkedIn Share
Share on Digg Share
×

Cart