REO Certification

What is REO Certification?

The Real Estate Owned Certification is a designation given to real estate professionals who have completed course work related the BPO and REO process.

This course work provides a thorough understanding of the complex procedures, guidelines, timeframes, and tasks the Outsourcers, Banks and Lenders demand in today’s REO Bank Owned Market. Through comprehensive training and the knowledge obtained attending the (BPO & REO Simplified) Browning Real Estate School’s courses, REOCertified® professionals are able to provide solutions for the Outsourcers, Banks and Lenders on foreclosed and bank owned properties/assets.

 

Are you a real estate professional, agent or broker, curious about BPOs (Broker Price Opinion), and wanting to find out how doing BPOs can enhance and further your real estate career?

  • Once professionally trained, established, and vetted with a few BPO companies, a real estate professional can earn a consistent and reliable income performing BPO’s.

  • Performing BPOs can establish a powerful reputation with Outsourcers, Banks and Lenders, and some BPO assignments may lead to receiving listings through these clients.

As a real estate professional, once you have learned the basics of how to value distressed properties, you can then move on to understanding the Banks REO Systems and Procedures:

  • It is extremely important to understand the Banks systems and procedures before you attempt to enter the REO arena.

  • Through training, the real estate professional will be learning new terminology to successfully obtain REO accounts from:

    • Outsourcers

    • Asset Management Companies

    • Lenders/Banks

    • Mortgage Insurance Companies

    • Investment Banks

    • Venture Companies

    • Investors

Statistics state that a foreclosure occurs every 13 seconds nationally.  There are 3 million to 3.3 million projected foreclosures per year until the year 2013/14. The developers of the REOCertified® Designation believe that the real estate professional can obtain the tools necessary to succeed as a BPO/REO Broker in the future.

The REOCertified® designation is recognized by Asset Managers as providing real estate professionals with superior REO training & knowledge.

hammer-nailThere is a growing nationwide network of thousands of real estate professionals who have received the REOCertified®designation. After completing the “Income=BPO Simplified class, these professionals are changing the way BPOs are performed, by applying the training, knowledge, and education received to more accurately value properties. Not only do they understand how to place value on properties, but they also comprehend the role BPOs play in the REO process. Simply put, the “Income=BPO Simplified” course is superior to other educational opportunities being offered elsewhere.

The second course, “Income=REO Simplified” created and developed by Browning, moves into the world of REO and explains the procedures, expectations, and demands  that Outsourcers/Banks require in today’s market. The mystery of what REO brokers do is covered step by step, so you leave with a clear understanding of what to do should you choose to work in the REO arena.  We also explain the mistakes, pitfalls, and obstacles that we have encountered over many years of experience as REO real estate brokers. We share our experiences and the REO stories that the traditional real estate Broker can identify with.

ONE OF OUR “REOCERTIFIED” DESIGNEES SAID IT THE BEST: “When solving the REO or foreclosure problems in today’s distressed market, the day will come when REALTORS and industry professionals are recognized.”

By completing Browning’s comprehensive training in the BPO & REO Simplified courses, REOCertified® designees will know how to accurately value distressed properties and have a total understanding of the complex timelines, guidelines, and tasks that the Outsourcers/Banks/Lenders demand to perform the 3-M’s (Marketing, Management, and Maintaining).

You will know how to liquidate REO and Bank owned properties/assets in the shortest period of time with the most profitable margin for your clients.

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