The REO Contact List How to Break into the REO Business by

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 donвЂ™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.
В©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
В©2008 VALCO Press
i
SO YOU WANT TO BE A REO AGENTвЂ¦
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 donвЂ™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
todayвЂ™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 lenderвЂ™s inventory are called вЂњreal estate ownedвЂќ 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.
TodayвЂ™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.
В©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 donвЂ™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 wonвЂ™t hire you because you donвЂ™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.
В©2008 VALCO Press
2
WHAT IS THE BEST WAY TO BECOME A REO BROKER?
Because of todayвЂ™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 lendersвЂ™ 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.
В©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
вЂњnormalвЂќ 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:
вЂў
вЂў
вЂў
вЂў
вЂў
вЂў
вЂў
вЂў
вЂў
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 вЂњas isвЂќ 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.
В©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 donвЂ™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 1ВЅ% 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.
В©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 agentвЂ™s dream.
В©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 youвЂ™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 youвЂ™re not
already in the REO business, how do you get around this вЂњexperienceвЂќ requirement? Sometimes
you canвЂ™t, but sometimes, if you can present yourself in the right way, you can make it onto the
lendersвЂ™ and outsourcersвЂ™ 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 youвЂ™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 youвЂ™ve sent
loans to in the past and ask for letters of reference on the lenderвЂ™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.
В©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 momentвЂ™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 todayвЂ™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.
В©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 lenderвЂ™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:
В™
REOMAC
www.reomac.com
В™
NRBA
www.nrba.com
В™
Mortgage Servicing News
www.mortgageservicingnews.com
В™
DS News
www.dsnews.com
В™
Servicing Management
www.sm-online.com
В©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!
В©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
В©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
В©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 dkhr@draperandkramer.com
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
В©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 realestate@grpfs.com 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
В©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 REO.VENDOR@CHASE.COM 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
В©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 REOagent@logs.com
Co. Name
Website
Instructions
LPS Asset Management Solutions
http://www.lps-am.com/Broker.aspx
Please send your contact information with subject line, вЂ�Waiting ListвЂ™, to suppliermanagement@fnis.com;
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
В©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
В©2008 VALCO Press
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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
reo@reliancefieldservices.com
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
В©2008 VALCO Press
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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
В©2008 VALCO Press
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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
В©2008 VALCO Press
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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
В©2008 VALCO Press
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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
В©2008 VALCO Press
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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
В©2008 VALCO Press
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901-580-4880 ATTN: REO
801-594-6048
951-694-1585
530-898-0330
858-496-5604
626-854-2807

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