35 comments for “CHASE REO Still Accepting Agents Cross-Country

  1. Thomas Cletus
    April 20, 2015 at 10:46 am

    I will like to be one of the Chase Reo listing Agent

  2. Dave Farnsworth
    August 13, 2012 at 2:02 pm

    Thanks Ponce

    I’m signing up with chase as you have suggested.

    They have a questions asking for my “vendor list” can you suggest a few vendors I could use? I’m located in The east bay area.

    Thanks dave

  3. Michele G
    July 26, 2012 at 3:39 pm

    I signed up with Chase and the other companies, still nothing, any suggestions? Frustrated!!

    Michele G
    mgsoldit@yahoo.com

  4. July 23, 2012 at 11:17 am

    I’m getting my resume and marketing together to approach asset managers. Much like anything else your trying to sell yourself and what you can do for these managers is most important. Oh and does anyone know if the banks restriction to zip codes of a 10 mile radius is truer or all banks?

    Posted by Trang Lam
    Real Estate Broker
    Dallas

  5. July 20, 2012 at 7:29 pm

    I’ve met with some of the highest positioned people with Chase that handle their REO’s and short sales. I have been approved by Chase and have been given the 11 Asset Manager companies to apply to. So far, no one that I know has received anything from any of these groups. It seems as though a “bait and switch” with Chase. They want only the TOP realtors in the area to sign up for REO’s but at the same time, they connect you with a local Chase Lender and tell you that you have to give business to them to earn “points” in order to get REO’s. Finally, I was told that Chase can’t do ANYTHING to help you get their REO business. I am currently working with a good Chase lender, but don’t expect to get anything from them on the REO side. It’s still a “who you know” in the asset manager group to get anything.

    Posted by Keith Dickerson
    Real Estate Broker and Luxury Home Specialist
    Greater Chicago

  6. July 17, 2012 at 11:04 am

    Just completed short application. Lets see what happens.

    Posted by Ron Schwartz
    Real Estate Broker/Realtor/Real Estate Agent Danville, California/Short Sales/foreclosures/Traditional Sales/Investments
    San Francisco

  7. July 16, 2012 at 1:43 pm

    Thanks Ponci, I have learned more from you site than most others, and your videos are hoot. I agree with Francis, apply, apply, apply. Thanks again for your positivity!

    Posted by Tammie Jann
    Presidents Club Alain Pinel Realtors
    San Francisco

  8. July 16, 2012 at 1:00 pm

    Let me make this straight. Chase doesn’t do REO’s, but refers them to Asset Management Companies. let me know if I’m missing something.

    Posted by Randeep S. Nanak
    Broker-Real Estate
    San Francisco

    • July 16, 2012 at 1:13 pm

      I agree with Randeep. I have talked to several local Chase offices while doing my normal banking and once was given a list of 10 different Property Asset Management companies that handle their REOs. Chase outsources all their REO work. While reading other comments above I see things like “..dont get discouraged…” etc, but the one thing I have not read is from anyone who has actually picked up any new REO business from Chase or any other bank. BOA and Chase and other banks are (finally after 4 years since the crash) focusing on short sales first and REOs as a last resort. REOs make up about 10% to 14% of our inventory now (once 50%) so they are on the decline. Short sales is where the business is shifting. So how do you get those? I would love to find out.

      Posted by Dan Andrews, Realtor, SFR
      Realtor – Certified Short Sale & REO Specialist, Trustee Sale Resource, Investors
      Phoenix, Arizona

      • July 16, 2012 at 1:17 pm

        Chase must 1st approve you before they will turn you on to their 11+ Out-Sourcers

        Posted by Steve Epstein
        Director – REO Residential Real Estate at Accelerated Realty, Inc.
        Miami/Fort Lauderdale

  9. July 16, 2012 at 12:44 pm

    I’m an REO Agent for Chase as well for Huntington Beach, Ca !

    Posted by Deborah Bamsey
    Sales & Marketing / Entrepreneur
    Orange County, California

  10. July 16, 2012 at 11:55 am

    I ‘ve worked REOs since 2004. I signed up CHASE, was interviewed and filled out a lot of vendor apps and still waiting.

    Posted by Alisha G. Billingsley

  11. July 13, 2012 at 4:45 pm

    I have been accepted and approved by Chase and all of their National Default Servicing companies for over 2 years now, and not even an REO assignment yet, the same routine statement ” we are saturated with agents in your service area”, meanwhile I have 21 years of experience, 7 years of REO experience, fully seasoned/certified . Please remind our friends at Chase of my existence, thank you..

    Posted by Vic Avakian
    Owner, Verdugo Properties Inc.
    Greater Los Angeles

  12. July 13, 2012 at 3:53 pm

    Coldwell Banker NRT has a substancial Chase account in Florida. Check to see if you can go on REO Experts’ site. I know that they are working with other agents outside of the CB system as we’ve had assets from them.

    Posted by Kathy Hart
    Realtor at RE/MAX Alliance Group
    Sarasota, Florida

  13. Mattie
    July 13, 2012 at 2:25 pm

    Poncie,
    What are the qualifications Chase is looking for? Business hasn’t been good for me lately and this would really help re-boost my sales, if they would help me.

    Thanks,
    Mattie

  14. Eva Edwards
    July 13, 2012 at 2:13 pm

    Hi, I was interviewed I applied to assest manager and was approved
    I have got no listing.

    Posted by Eva Edwards
    Associate Broker
    Farmington, Michigan

  15. July 13, 2012 at 12:30 pm

    I went through the process a year ago and was accepted into their system. I was also contacted by all their outsourcing and signed up with them also. I check in regularly and am told that the REO inventory is so low that the new agents are wait listed and not receiving new assignments. The statement about contacting a local Chase loan officer is not true, they cannot help you get any REO listings. I am in contact with the local Chase representative in CA on a weekly basis and they cannot offer any help. Overall REO assignments are very low here and mostly the only agents who receive the assignments have been working with their outsourcer for many years.

    Posted by Laurel Jaques
    Representing both Sellers and Buyers / Monterey County REO Listing Agent / Investor Agent
    Salinas, California

  16. July 13, 2012 at 12:22 pm

    Will Chase look at a Broker with no REO experience, but 24 years of real estate experience?

    Posted by Kip Bryhni
    Real Estate Broker
    Modesto

  17. Trong Dang
    July 11, 2012 at 9:39 am

    Hi Poncie, I tried to apply every few months since September of last year and still gotten no reply or response from any outsourcers or anyone from Chase. I was connected to a LO here in Kent, WA but a few weeks back, he left Chase, now I am wondering if all of my efforts has been in vain… can you help me?

    Real Estate Professional at Asset One Realty, Inc.
    Greater Seattle

  18. July 11, 2012 at 9:34 am

    Congratulations VICTORIA FANIYI from Coldwell Banker!
    Poncie, I was approved by Chase last month. I didn’t get online like I usually would. I picked up the phone and called them and they actually interviewed me that day. Since then I have been contacted by all their outsourcing companies.
    To all agents: Do NOT get discouraged by negative remarks when it comes to applying for BPO, REO or Short Sales. Keep your profiles updated and keep applying but most importantly pick up the phone. Good luck to everyone.

    Posted by Frances Madrigal
    REALTOR at Simple Realty
    Stockton, CA

  19. July 10, 2012 at 3:57 pm

    This is a long process. After you apply, you need to make sure you are interviewed on the phone,after that You might have to wait for a long time to get an asset.I have been told, at least in Ca. you need to contact your local loan officer at Chase,and connect with him/her and the branch manager.When you give them a loan or any other support, they will request to be assosiated with you through their internal system,and their support will give you assignment. Chase does not assign properties. They have 8 outsourcing companies that you need to be registered with them to get business.

    Posted by Vida Monify
    Director of Distressed Properties
    Los Angeles

  20. Gene Johnson
    July 6, 2012 at 6:37 pm

    Thank you and also, I enjoy your website and email alerts. GREAT JOB!!!

    Gene Johnson
    “Team Johnson”
    Watson Realty Corp
    St. Augustine, Florida
    teamjohnson@watsonrealtycorp.com

  21. Tamika Moses
    July 6, 2012 at 3:53 pm

    Hi Poncie, I wanted to know if I have had my real estate license for only 10 months but I have a background in mortgage originations, loan processing and Loss mitigation (foreclosure, HAMP programs) would a bank still consider me for being a REO agent for them.

    Tamika Moses
    Real Estate Consultant
    Keller Williams Realty Partners SW

  22. July 6, 2012 at 3:10 pm

    Hello Poncie.

    We do REO rehab work for another bank with REO’s and get them ready for resale in New Jersey. Are you able to direct us to submit a Contractor application with Chase. Please let me know. It would be very appreciated.

    Talk to you soon.

    Best regards,

    Reynaldo A. Liz
    Principal / Managing Director
    SOVEREIGN HOMES, LLC.
    “Building Your Point of View”
    Fair Lawn, New Jersey 07410

  23. Jefferson Torres Sr
    July 6, 2012 at 12:01 pm

    Poncie,
    I have minimal experience as a realtor. 6 months to be exact. No sales as of yet. How do you suggest I go about applying?

    Jefferson Torres Sr.
    Lyon Real Estate

  24. Jack Holmes
    July 6, 2012 at 11:48 am

    Poncie,

    What happened to Chrisley Asset Management?
    They lost FNMA in Georgia.
    Just windered if you know why.

    Jack Holmes
    ERA Team Advantage
    Calhoun, GA

  25. July 6, 2012 at 10:45 am

    Hi Cathy, click on link for REO referral/references info: http://poncie.com/2011/12/13/how-to-get-reo-references/

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