Do I Need A Reo Bank List To Become A Reo Agent

I’ve been a successful REO agent for many years. As I talk to newer agents trying to get started in the REO business, I often get asked the same question over and over: “Do I need a REO Bank List to Become A REO Agent?”

The short answer is yes, but the question they forget to ask is how big should my REO bank list be? That’s the tricky part.

How Big Should My REO List Be?

Every REO agent needs a list of REO bank contacts, but how many REO banks need to be on that list varies greatly. For instance, if you have personal contacts at REO asset management companies or banks, you may only need one or two people on your REO list start listing dozens of REO properties. (I knew a very successful REO agent who had 1 contact.)

Of course, most of us aren’t that lucky. When I started as a louis vuitton handbags outlet agent, I didn’t know one single person in an asset management company or anyone who was in charge of REO properties at a bank. Because of my lack of personal contacts, I needed a BIG REO LIST. Really louis vuitton outlet big. If you’re reading this, you probably need a big list to.

How To I Get My List?

REO Bank Lists can be acquired in various ways. Some people spend days and weeks researching the REO companies online. The problem is, it’s very difficult to get names, email addresses and phone numbers authentic louis vuitton outlet of actual people at the banks from a website. Usually you simply get a generic website where you register to a BPO agent or a REO agent.

A good REO list should include real, live people you can email, call and build a personal relationship with. Usually you need to get a REO list like that from a reputable provider. They usually cost between $99 and $150, but when you calculate that creating that list yourself would take days, its really well worth it.

If you do plan on building your own list, you need to make sure you get a REO Bank List with at least 75-100 contacts. REO banks get assignments across the nation without rhyme or reason, so maximizing your exposure will help ensure a steady stream of REO assignments.

I Have My REO Bank List. Now What?

That’s a topic for much more discussion. I’ve written more article on this site about it, or you can check out the REO Agent Blog here.

Good Luck and Don’t Give Up!





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