How do bankers determine what BPO company to use?

[Joseph Profaci]

Hello, I have always wondered what differentiated each company in terms of their broker price opinion products? 

I work with several of them and always wondered to myself, does a certain company's report complete a different task for the lender? Is it based on who they see at mortgage/lender conventions? Is there something else?

Thanks, have a great new year.

[James C.]

Joseph,

Yep. It depends on who is willing to kiss up to the bank, and meet all their requirements, for the least amount of money. 

This is absent a division of the bank owing a BPO company.

Good luck!

Jim