Here are five services that every REO broker can outsource to save on cost, time and effort.
Are you an REO broker who spends countless hours on the processing and submission of bills? Do you find it difficult to keep a track of all your assets? Or maybe, keeping up with constantly changing protocols is taking its toll on you. If you are facing such issues, it’s time to opt for REO services. Not only can you save a whopping 60% on operating costs and benefit from streamlined REO operations, you will also be free to channel your time and effort into other core areas of your business.
1. REO reimbursement services
This service is indeed a boon to REO brokers. While you focus on building your business, your REO service provider will process and submit your error-free bills on time. Such prompt and accurate services will ensure that you get reimbursed without delays. With REO reimbursement services out of your hands, you can be sure to see a drastic improvement in your cashflow.
2. REO administrative services
As a busy REO broker, you may have a dozen administrative tasks lined up for the year. As you know, each of these tasks can be time consuming, leaving you with little time to complete all your scheduled tasks for the year. This is where REO administrative services come in handy. Right from placing your assets in the local MLS, generating marketing comments, performing buyer lead follow-ups, making calls, conducting HOA research or creating posts for your website, REO administrative services takes care of all your tasks. Only outsourcing REO services can give you such an advantage.
3. REO valuation services
If your business wishes to shorten the delivery time, then this service is for you. For a busy REO broker asset valuing can take up valuable time and even lengthen the time of the valuation process. REO valuation services can help you ensure that your clients notice you and create additional revenue and increase your reputation through fast deliveries and accurate listings. An outsourced REO valuation services can also help you keep updating the BPO listing every 30 to 60 days. Easy to understand monthly marketing reports can also be created to update comparables, deliver feedback/comments and inform about critical market changes on a monthly basis.
4. REO agent bank sign-up services
Outsourcing is not only about assisting you with your workload, but can also aid you in growing your business. An REO service provider can register your name with over 90 networks/banks and even establish a connection between you and REO banks. If you were to register yourself with a bank, it would take you an average of 30 minutes. This can add up to 45 to 60 hours which you could invest elsewhere. REO services can help you get registered with top banks across the country.
5. Customized REO solutions
You can also avail customized REO services, based on your individual needs. An REO service provider can help you with any other additional task that maybe taking up your time. You could also engage the services of a virtual employee to assist you for any number of hours on a weekly basis.
Which of the above REO services would you prefer outsourcing? Which service, if outsourced will save you the most amount of time, effort and cost? Let us know by leaving a comment in box below. We, at Outsource2india love to hear from you!
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