How to contact Asset Managers to get REO listings?

[Luca Giani]

I am reading a Pat Hiban where he says that the way he started working with REO was by just sending a lot of applications to become a "certified" agent for several institutions.

Any direct experience to share?

Thanks!

[Andy Mirza]

@Luca Giani You can sign up on the Pyramid REO software platform. Some asset managers use that system to manage their REOs and find local real estate agents when they board an asset. It doesn't guarantee that you'll get the listing but it makes you available. Our asset manager will look up agents in Pyramid and will look outside of Pyramid only if she doesn't find one in the system. She finds them easier to work with since they understand the system and agree to work within that structure. As others have said, there isn't the deluge of REOs out there like there once was. I'd suggest going this route to supplement your current business but don't look at it as your main source. It's one more way to get listings.

I'm sure there are other software platforms out there that probably work the same way. I'm only familiar with Pyramid.