Who do you use for BPOs?

[Alex Stepanov]

Hello everyone!

We currently use LRes for all our BPO needs and would like to find a better alternative, so naturally BP was the first place we turned to for help. Would you mind sharing who is your favorite BPO provider/source?

I must qualify the question a bit I guess - calling local realtors and offering them a check etc. is not an option, we are looking for a single vendor with nationwide (or at least, regional) network. It's not about finding the cheapest guy on the block, it is more about the quality and timeliness of their work.

Thanks in advance!

[Patrick Desjardins]

Originally posted by @Alex Stepanov:

Hello everyone!

It's not about finding the cheapest guy on the block, it is more about the quality and timeliness of their work.

 Quality - most if not all BPO providers provide ****** quality values. I'm looking at a note for sale where they list a BPO value even though an appraiser friend pulled comps and there hasn't been a comp there in 3 years. That BPO value literally has no weight. I recommend only using BPOs to give you a starting point. My goal is to find a value within about 10% of real sales price.

Timeliness - Never had a problem with timeliness using that provider. Have you tried writing in the note that it's time sensitive and you need it in 2 business days?