Posts Tagged ‘People’
Why the Big Banks set the Standards in the REO World
The more you truly understand the big banks, the easier it becomes to understand why other financial institutions MUST follow their lead. There's such a HUGE difference in the way that many banks, financial institutions and investors who own REO properties operate when it comes to disposing of assets. There's those of them who are very content to simply assess the "as-is" values and to put them right up on the market, at a price that's likely to "blow them out" to investors. There's those who do the short list of "necessary" repairs and hope to gain a somewhat higher sales price. And then there's the big banks, the benchmarks of the industry.
1 Quick and Easy Way to Get HUNDREDS of Extra Man Hours Out of Your Staff.
You know, when you do a lot of volume in REO, you spend a lot of time looking at the big picture and you sometimes forget about the small improvements that could greatly impact the efficiency and morale of your team. Sit here for just a moment now and imagine that you are sitting in your office chair trying to get a little work done. As you stare at the words on your computer screen, words that look a lot like the ones you see on your screen now, black on a white background, you begin to feel yourself tuning in. The more you stare at these words and the the tasks they represent, the more you settle into your place and get so focused that you can almost feel your chest rise and fall with each breath you take. You are in your zone, to the point that you are feeling super energized and ready to accomplish the work of two or maybe even three people. Then all of a sudden...
3 Sure Fire Ways to Keep Your REO Listings and to Get More...
Sometimes we get so caught up in building and marketing our businesses that we just sort of "overlook" what's happening "in" our business. Now you all know what a huge proponent I am of working "on" your business rather than "in" it, and I truly don't see the practice of stopping to look around at your own business once in a while as anything different. I have always kind of liked the idea of having a friend periodically call your business as a buyer and seeing how the call is handled. The results may scare you.
Are Fee-Based BPOs REALLY a Good Way to Get REO Listings?
I guess if you're into a lot of cruel self-punishment and are too spineless to get out there and get yourself some face time with Asset Managers then your answer might be NO....but if you want to be an REO Rockstar then you'll delete every damn fee-based BPO request the minute they hit your email and immediately set your spam filter to kill it automatically the next time it finds it's way to your inbox! OK listen, there are a lot of people who make a living doing these things.. a healthy living? I doubt it.
