New REO questions

[Gabriel Silverstein]

I don't do residential real estate, generally only large scale investment brokerage. However, I was brought the thought of working with a compiler through one of our junior guys (who didn't understand it) and as it happens that we have a friend who does a lot of foreclosure purchases, it seemed like a good fit for him, even if it's a bit out of my normal realm. The opportunity was brought to my guy by someone who says he works with another broker who is direct to the compiler (two of them actually) which means there is a daisy chain, but not a rediculous one. I'm very cautious before exposing anyone to a potential hazard (I'd rather not do a deal than do a bad one, and our reputation is for well-vetted deals). That raises the following questions:
1. How does one get to a compiler directly?
2. How does one go about qualifying another broker who may be direct to a compiler, to make sure they will be able to deliver?
3. Not irrelevant, how do we get paid (we are generally buyers' brokers for all our other deal anyway)?

Thanks, Gabriel :help: