How to Become an REO Agent?

Asked by Amy A. Anderson, Irvine, CA Mon Dec 31, 2012

Hi, what is the best route to becomming an REO agent?

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Randy Fox, Agent, Yucaipa, CA
Mon Jul 8, 2013
Hi Amy, to follow up on Jory's comment; you'll want to contact 3rd party servicing companies for both BPOs and REOs - another term for these companies is Asset Management Providers (AMP's) - and register with them. Do a search for BPO Providers, BPO Companies, Asset Management Companies & Asset Management Providers.

With most companies the registration is free; some companies charge for this - being new to the game I would advise you to NOT pay for registering with any of them when first getting into it. Some companies will let you apply online; some aren't accepting new agents, and still others may request you to send them an email.

Good Luck!
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Jory Blake, Agent, Norco, CA
Wed Jan 2, 2013
Hi Amy, providing BPO's was the preferred method when the recent market shift first occurred. At this point in the game, you would be best building a relationship with the servicing companies handling the disposition of properties for the banks.

REO's will be fading out before you now it...not sure the investment needed is worthwhile.

Jory Blake
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