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CDCM Capital, LLC
Q & A

A broker price opinion, commonly known as a BPO, is a real estate professional’s opinion of a property’s value. The BPO is a tool that lenders and mortgage companies use to value properties where they believe the expense and delay of an appraisal are not necessary. Real estate agents and brokers are given an order to do a BPO by the lender, mortgage company, or loss mitigation company. The order is either a drive-by BPO or an interior BPO.

An REO (Real Estate Owned), also referred to as bank owned, is a property that has failed to sell during the foreclosure process and is now owned by a mortgage lender, bank, or the mortgage investor.

There are no upfront fees, costs, or membership dues. Our fees are based on production. When you get paid, we get paid. For more information on fees and costs, please schedule a call with us.

 

Orders start at $10.00 per order and go up from there. Factors that contribute to increased payments include distance of travel, scope of work, and turn time requirements (rush orders).

 

No, but for our BPO and REO Networks you must be a licensed real estate agent in state you wish to do business in. There are some clients that require a minimum of two years as an active real estate agent, but this does not apply to all of them.

 

If you ask any successful REO Listing Agent what the gateway to become an REO Listing Agent is, 99.9% of them will tell you that you must start with Broker Price Opinions (BPOs).

 

No, experience is not required. We provide training and support to help you succeed.

 

It depends on the client’s volume of properties, need for agents in your area, and how long you have been in their network. We cannot give you a definitive answer but, but the sooner you sign up with us and have us start doing BPOs on your behalf right away the sooner your chances to start receiving REO assignments will be.

 

No, there are no guarantees. The only guarantee is that if you do not complete BPOs, you are 100% guaranteed to never receive an REO assignment.

 

No, you can stay with your current brokerage.

BPOs can be quite profitable. The longer you are in our network the more orders you will receive and the more money you will make. On average you can expect to make between $500 and $1,500 per month in the first 6 to 12 months. In years 2 to 3 you can expect to be making between $2,000 to $4,000 per month.

No, we do not charge any up-front fees or membership dues.

Typically, within 60 to 90 days you will start receiving money.

 

The longer you stay with us the more orders you get and the more money you will make. It takes time to get preferred status with the clients but once you do, the volume will increase greatly.

 

You receive priority status by completing orders on time, completing orders accurately, and responding to corrections timely. All of which we do on your behalf. The final means of receiving preferred status in tenure. The longer you are with the client the more orders you will get.

 

Our current limit is 10 agents per state but, this is subject to change. We do our best to spread agents out so that they are not competing for the same orders.

No, you can pick and choose whichever one(s) you want.

 

No problem. You are not required to join the REO Network.

 

You will receive a link to create your own account through Bill.com. Payments are sent electronically through Bill.com on the 15th of each month into your account. A monthly accounting will accompany your payment that will be sent to your email

 

Fill out and complete the signup form, electronically sign the NDA, and select date and time on our calendar to schedule a 20-to-30-minute phone interview. Once you submit the signup form the corresponding steps will automatically pop up.

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How Can CDCM Capital, LLC Help Your Business?

Grow BPO Revenue with Confidence

Hire us to create, manage, and compete BPOs your behalf. You never have to drive to the property or pull comps. We do it all for you.

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Generate Wealth by Selling REO Listings

Our REO Network accelerates revenue by providing you with established REO clients, training, mentorship, systems, and operations needed to help you achieve your REO goals. Work smarter and grow your REO listing business faster.

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Earn Supplemental Income by Becoming a Field Inspection Photographer

Previous photographer experience and Real Estate License is not required. Supplement your income today by taking REO and BPO evaluation photos and completing inspection reports. Be your own boss, work independently on your own time, and set your own service areas.

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