37 comments for “PART II – Tips For Applying To CHASE REO

  1. Pauline Fernandez
    May 21, 2012 at 8:29 pm

    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

  2. Wendy Nagle
    May 18, 2012 at 11:14 am

    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

  3. Lisa Savage
    May 17, 2012 at 9:29 am

    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

    • Dora Clifford
      May 17, 2012 at 9:30 am

      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

  4. May 17, 2012 at 9:13 am

    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

    • Susan Kiene
      May 17, 2012 at 9:15 am

      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

      • Dora Clifford
        May 17, 2012 at 9:20 am

        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

  5. Susan Kiene
    May 16, 2012 at 2:52 pm

    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

  6. May 10, 2012 at 3:39 pm

    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

    • May 10, 2012 at 5:03 pm

      Congratulations Bob. It all depends on what area you are in. Some areas have way too many agents. Way to go!

      • May 10, 2012 at 5:03 pm

        Chase did tell me that, I also was accepted with Bank of America. I have been working with them for quite some time…..

        • May 10, 2012 at 7:11 pm

          Awesome – can I use your success story next month on my REO blog?

          • May 10, 2012 at 7:12 pm

            Sure, I think every one should be applying and show some interest in todays market.

        • sherry russell
          September 17, 2012 at 7:56 am

          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?

  7. May 9, 2012 at 7:51 pm

    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

  8. May 9, 2012 at 7:46 pm

    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

  9. May 9, 2012 at 7:04 pm

    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

  10. Laura Hepworth
    May 9, 2012 at 6:18 pm

    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

  11. Ashley
    May 9, 2012 at 4:26 pm

    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!

  12. May 8, 2012 at 12:14 pm

    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

  13. May 8, 2012 at 11:46 am

    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

    • Celeste Amato Hopkins
      May 9, 2012 at 7:10 pm

      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

  14. May 8, 2012 at 11:39 am

    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

  15. Steve Epstein
    May 8, 2012 at 11:37 am

    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

    • May 9, 2012 at 7:15 pm

      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

      • Steve Epstein
        May 9, 2012 at 7:16 pm

        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

  16. May 8, 2012 at 11:24 am

    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

  17. May 8, 2012 at 10:03 am

    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

  18. Raul Lozano
    May 7, 2012 at 8:34 pm

    Thank you Poncie.

    Raul Lozano
    Realtor
    Prudential California Realty
    Ca DRE Lic 01381705
    1063 W 6Th St Suite 101
    Ontario, Ca 91762

  19. Nubia Rojas
    February 10, 2012 at 12:04 pm

    how can i get my network password

  20. Sharon Koch
    February 9, 2012 at 5:01 pm

    I would love a copy of the Chase Outsource list as well. I could not find an attachment. Thank you

    Posted by Sharon Koch

    • February 9, 2012 at 5:03 pm

      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 🙂

  21. February 8, 2012 at 9:17 am

    The subscription was started but no password was sent. Any help would be appreciated. Thanks!

    Posted by Jim Estes

    • February 8, 2012 at 9:31 am

      Hi Jim, you should be all set now. Welcome to our REO Network

Leave a Reply

Your email address will not be published. Required fields are marked *