Previous Chase REO blogs (a must read):
Tips For Applying to Chase REO 01/17/2012
More CHASE REO coming soon! 01/03/2012
You requested a list of Chase Outsource companies and we have delivered. Here is the list of outsource companies we know of. If you know of any others, please share below.
Help me congratulate Raymond Tuong of Souther California & Lillianne Echevarria of Roanoke, Texas SUCCESS STORY. Raymond & Lillianne were approved for a Chase REO account after applying and following the poncie.com tips. [READ THEIR STORY]
- New Vista REO
- CoreLogic REO
- ServiceLink FNF REO
- LPS Asset Management
- REOWorld
- NRT-REO Experts
- Atlasreo
- Precision Asset Management
- FAS Inc
- 24 Asset Management (coming soon)
Visit the REO Application page above or click [HERE] for links to these sites and applications. Note that the REO Application page is password protected and is intended for poncie.com Network Friends Only.
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Enter your email in the “Subscribe Here” box (top right) and request a password. It’s free for Real Estate Brokers/Agents and always will be.
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Thanks for all this good informaiton. I applied and have not been called. I’ll have
to think about it before I say Yes.
Posted by Pauline Fernandez
real estate agent at Century 21 M&M and Associates
Fresno, California
I agree with all the comments. Eventually, they will run out of Realtors. Even the bottom feeders will figure out its not worth it and refuse the assignments.
Posted by Wendy Nagle
Owner, REO RESOURCES
Greater Detroit
That’s why I rejected the 2 assignments. I know someone desperate enough will take them but it’s too little compensation for too much work.
If the best of the best refuse to accept these low commissions PLUS referral fees, they’ll have to start paying us what we are worth or will only be able to assign to the bottom feeders….
Ciao ya’ll…..
Posted by Realtor Lisa Savage
Owner, Realty Savage
Dallas/Fort Worth
Lisa, I totally agree with you. If they want really good Realtors they are going to have to pay a fair fee. For the work that is required, that is really little to know pay!
Posted by Dora Clifford
Are agents listing these for a 1.625 commission and all that work? I was contacted and I thought it was a good thing as I did receive 4 listings but I am not sure I am doing any more of these after looking at the commission split. The loan officer is visiting my office next week and I may tell them I am not interested in future listings if that is the commission. That’s almost like working for nothing!
Posted by Dora Clifford
Owner/Broker at Clifford Realtors
Columbus, Ohio
Dora the answer is yes and yes all that work. Crazy isn’t it. I suppose that if you pick up enough leads off the properties to sell other homes to it might be okay. I have seen an adjustment in some of the asset companies as well so nothing new in my location.
Posted by Susan Kiene
Licensed Realtor in Michigan and Ohio at Real Estate 4 U
Greater Detroit
I have seen some adjustments on the foreclosures but that one is the lowest and the most work. That’s like BPO’s now, they pay so little but they used to pay good. So I guess if they can get Realtors to work for this little amount of money, it will go down just like the BPO fees.
Posted by Dora Clifford
I was assigned a new Chase loan officer and received an email from him a month or 2 ago that he was going to call me within the next couple days. Guess what, no call, no further correspondence. LOL The last loan officer told someone that I sent to them to be pre-approved that the house needed to be move in ready, no repairs needed. Hello, these are repos. And the repo that he was calling in on to be pre-approved on was one of their own. I complained on up the line. Yes I have a new loan officer.
Posted by Susan Kiene
Licensed Realtor in Michigan and Ohio at Real Estate 4 U, Detroit
I was accepted by Chase. They call me right away ask a few questions and that was it.
They said when there is a home in my zip code area I would receive it….
Posted by Bob Bloodgood
Real Estate Consultant
Greater Los Angeles
Congratulations Bob. It all depends on what area you are in. Some areas have way too many agents. Way to go!
Chase did tell me that, I also was accepted with Bank of America. I have been working with them for quite some time…..
Awesome – can I use your success story next month on my REO blog?
Sure, I think every one should be applying and show some interest in todays market.
Hi Bob, Can you give me any information on how to sign up with B of A? I have been an REO agent for 8 years and that is one company I have not done any work with?
Hello – click on the link and apply: http://poncie.com/reo-applications/bank-of-america-forms/
I also completed the phone interview process early part of this year, I was approved with 8 of their outsourcers partners have not yet received any properties.
Posted by Mary Prieto
Realtor at Prudential California Realty
Modesto, California
I completed the phone interview process back in 2009, i was approved with a couple outsourcers but never received properties. I Did the Interview process again Last week and got 4 outsourcers asking me to complete the applications…I have done extensive BPO and Fieldwork on in the past and present for REO Brokers but have not received my own Bank-Owned Properties as of yet.
Posted by Arlene Diharce Real Estate
COLDWELL BANKER DYNASTY, Vice Chair of Membership (AREAA-GLA)
Orange County, California
Steve if you get any suggestions let us know. I also had the prelim conversation and was told within 2 weeks I would get a 2nd call. It has now been 6 weeks. When I called back to the first group I was told they would put me back on the list and I should now get a 2nd call — still have heard nothing.
Posted by Pam Andrew GRI, ABR, CSSN, SFR, ePRO
PRTeam Realty Services
Phoenix, Arizona
I also did the phone interview a few weeks ago, but have not heard anything yet.
Posted by Laura Hepworth
Real Estate Broker at Sand Castle Homes Realty
West Palm Beach, Florida
Dont know why they are taking on new agents. My score card is great and I have not recieved any new assignments in 2 months from any of thier outsourcers!
Poncie,
Do they normally send an email letting you know you are approved? I did my phone interview about a month ago, and never received anything but did get emails from some of their outsourcers a few weeks later for more information.
If they do email you an approval, do you know about how long after they speak with you do they send it?
Posted by Valerie Hernandez-REO Agent
Realtor at Keller Williams Realty
Dallas/Fort Worth
Hi Valerie, see message from another agent in regard to your question: http://poncie.com/reo-applications/chase-reo-outsource-list-and-contacts/#comment-4190
Is it the Chase standard that it’s a 2.5% commission with a 35% referral fee to the Chase Outsource company? So basically 1.625% commission to the Listing Agent/Broker?
Ciao ya’ll……
Posted by Realtor Lisa Savage
Owner, Realty Savage
Dallas/Fort Worth
Yes, 1.625% for A LOT of work!! If the buyer does not use your assigned Chase LO, your “score”
will be low and future assignments will be at risk.
Posted by Celeste Amato Hopkins
Experienced REO Lister and Residential Specialist
Phoenix, Arizona
Chase is also out sourcing through PMH Financial. The catch is you have the highest level of membership in ResNet to get them.
Posted by Paul Eitel
Office manager / Realtor at AWESOME REAL ESTATE
Columbus, Ohio
Thank you group, I have also been “invited” to the many Chase events and the last in Ft Lauderdale. Applied, got a call for a prelim interview, got an LO assigned then was told that I would get a 2nd call for a 2nd & final interview 2 weeks thereafter … 4 weeks have passed and no 2nd call. I’ve replied to their REO email and even added my resume and still no response, any suggestions?
Posted by Steve Epstein
Director – REO Residential Real Estate at Accelerated Realty, Inc.
Miami/Fort Lauderdale
Steve if you get any suggestions let us know. I also had the prelim conversation and was told within 2 weeks I would get a 2nd call. It has now been 6 weeks. When I called back to the first group I was told they would put me back on the list and I should now get a 2nd call — still have heard nothing.
Posted by Pam Andrew GRI, ABR, CSSN, SFR, ePRO
PRTeam Realty Services
Phoenix, Arizona
I certainly will … however I believe (as always) its not what you know, its who you know … and while I’ve met many people at Chase, including the VP of REO whom I personally spoke with at their event, its still “who do you know?” And the bank rhetoric appears to be to court the real estate agents in hopes they will bring them buyers to loan mortgages to and then maybe, just maybe, you might get approved as an REO Listing Agent, IF you know someone there and keep prospecting them every other day
Posted by Steve Epstein
Director – REO Residential Real Estate at Accelerated Realty, Inc.
Miami/Fort Lauderdale
Would be nice is Chase got rid of the middle men in the preservation side of the industry and allow the agents to use local talent.
Chase could safe a ton of revenue that way…..
Posted by Aaron Aveiro
COO at Aladay LLC
Reno, Nevada
Wow that is great!
I am in Chase’s database as a listing agent. They sent me one listing last summer and I was able to get it under contract within 30 days. I really enjoyed working with my asset manager.
My problem has been that my broker posts his license at his home and the agents work from our homes. Once the servicers began to assign assets based on a five mile radius of the brokerage, it killed my possibility of getting assignments from Chase, Fannie Mae, and their AM companies.
In an effort to keep myself out of foreclosure, I have applied for a position with B of A working in their Loss Mit Dept. I have been self-employed since 2002 and licensed since ’99. I love real estate and have to believe that this new move will still allow me to be a positive impact.
Tee Williams
Real Estate Consultant
The JAG
BBM PIN: 26747412
Office: 480.3VA.REOS
Direct: 757.478.3964
http://MsRealTee.rein.mlxchange.com
Thank you Poncie.
Raul Lozano
Realtor
Prudential California Realty
Ca DRE Lic 01381705
1063 W 6Th St Suite 101
Ontario, Ca 91762
how can i get my network password
subscribe to http://www.poncie.com – enter your email to the right and then confirm the email we send you
I would love a copy of the Chase Outsource list as well. I could not find an attachment. Thank you
Posted by Sharon Koch
Hello all, there is no list to email. The list is on the website with links. Go to http://www.poncie.com, click on REO Application tab. Click on the CHASE logo. Enter your poncie.com Network password and BAM!!! The list 🙂
The subscription was started but no password was sent. Any help would be appreciated. Thanks!
Posted by Jim Estes
Hi Jim, you should be all set now. Welcome to our REO Network