All Forum Posts by: Barbara E.

I know that the legalities of BPOs varies from state to state - and I'm curious who all is using BPOs. Do lawyers use BPOs?

How did you get yours to have formatting? Bold?

well, I should have figured that one out! Thank you so much Josh!

I've been reading a lot on housing wire, nasdaq, market watch, and mortgage orb, and it seems a big discussion occurring is whether or not nonbank servicers should have more regulations.

Here is what I learned

• nonbank special servicers wield $1.4 trillion in mortgage servicing rights out of a nearly $10 trillion market
• nonbanks use short-term financing to buy servicing rights for troubled mortgage loans that will likely not pay off until difficulties resolve in the long-term
• Infrastructures might not be able to handle the responsibility of servicing large volumes of mortgage loans
• 17% of the 30 largest mortgage servicers were not banks
• nonbank special servicers more susceptible to economic downturns that could increase nonperforming loans that require servicer loss mitigation
• nonbank servicers don't require same capital levels as a large bank lender
• reason for standards for banks was deposit insurance and the sense that IDIs could impose risks on taxpayers (not applicable to non-banks)
• A recent report from Fitch Ratings suggests rise of nonbank servicers threatens private-label residential mortgage-backed securitizations (nonbanks now service 74% of all private-label securities by loan count)
• higher risk to GSEs buying from nonbanks due to a counterparty that may default on financial obligations (representation and warranty obligations)

Elizabeth Warren, instrumental in formation of the CFPB is pushing for study on nonbank servicers.

I know there is a variety of different professionals on BP, and I'm trying to understand and, more importantly, weigh all the pros and cons and consequences that would occur if the FHFA were to impose stricter regulations on nonbank servicers.

I have no idea how to do this?

Google Adwords is GREAT! But can also be a huge detriment if you don't know how to use it correctly! You should definitely monitor it frequently! Adjust accordingly! AND ANALYZE CONSTANTLY!

First, I suggest doing A LOT of research on your competitors before you begin! It's also important to make sure you have a high SEO listing before you begin, and make sure you have quality backlinks as well!

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This was really helpful to read! Thanks everyone who posted!

This is wonderful! Always nice to hear of glowing testimonials!

My name is Barbara (Barbi) Eubanks, and I work for LendLogix. LendLogix is a title management company, they are partnered with Mindstorm Media (who I technically work for) - a web design and marketing company. They are also partnered with AppraisalPro - a national appraisal management company, and TrakLogix - an appraisal management software.

I'm very excited to be a part of Bigger Pockets to learn what is going on in the blogging world of real estate, and to learn what everyone is interested in!

I'm excited to be a part of a community where I can learn hands on what our clients are interested in, and what is trending in the market.

Ask me anything! Or feel free to let me know anything as well!

Have you thought of doing an appraisal on the entire site? To help you understand how much it is actually worth.

There are more cost effective valuation techniques to use to judge the market value of the property. You can look into BPOs or AVMs.

Appraisal Management Companies usually take care of this.  They are the firewall between lenders and appraisers to make sure everyone is compliant with federal and state regulations.