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| Question: |
I just searched for properties on LAMCOnetwork and there are no assets in my area/state? |
| Answer: |
The
LAMCOnetwork allows its members to post their REO listings currently on
the market. These may include LAMCO listings or any other listings the
real estate professionals have available. |
| Question: |
Why would I pay to get work? |
| Answer: |
The
LAMCOnetwork is a national REO database used by REO professionals
to advertise their expertise in their local market to over 15,000
banks, financial institutions, loan servicers and asset management
companies throughout the United States.
|
| Question: |
I did free BPO's and never got paid? |
| Answer: |
The
LAMCOnetwork does not assign, receive or control who is chosen to
represent individual entities that use our site. Regarding our parent
company, Lenders Asset Management Corp (LAMCO) their current policy is
and has been to pay for BPO's.
|
| Question: |
A lot of properties go to auction? |
| Answer: |
Auctions
are becoming more and more popular with banks, financial institutions
and loan servicers. Unfortunately, the majority of asset management
companies do not decide whether or not the asset will go to auction.
In most cases the holder of the asset makes this decision after
considering all the factors involved, such as but not limited to
location, condition of the property, value and other various financial
decisions of that entity.
|
| Question: |
How can I get support if I have questions or need assistance? |
| Answer: |
LAMCOnetwork
prides itself in providing outstanding customer service. If you have
questions or need assistance with the website, please feel free to
contact us at 1-877-331-2664 or if you would prefer to contact us via
email, you may send your questions to: support@lamconetwork.com and we will respond promptly.
We do not, nor do we claim to represent any asset management companies,
financial companies, banks and/or loan servicers. Should you have any
of these questions please contact that entity directly.
|
| Question: |
I search the LAMCOnetwork and nobody is signed up in my area, do they have business there? |
| Answer: |
We
are continually looking for qualified REO professionals in every area
of the United States. If you come across an area with "no coverage"
you have a great opportunity to showcase your services nationally with
little to no competition.
|
| Question: |
I signed up with Lenders
Asset Management Corporation (LAMCO, www.LendersREO.com) years ago and
received very little work, why sign up and pay now?
|
| Answer: |
Lenders
Asset Management Corporation (LAMCO, our parent company) is an asset
management company with two decades of experience in the REO industry.
Through previous technology limitations to LAMCO's vendor search
engine, LAMCO has chosen to use the LAMCOnetwork to find REO
professionals throughout the country. The LAMCOnetwork allows its
members to be searched in a much larger coverage area, including
customizable profile, a chance to showcase your experience, post REO
listings and more. This gives asset managers the ability to locate
qualified REO professionals with ease.
|
| Question: |
Who are your clients? |
| Answer: |
Our clients
include banks, credit unions, financial institutions and loan servicers
who hold REO portfolios. We advertise the LAMCOnetwork in print,
online, email, conferences and educational events to nationally promote
your qualifications in your local market. |
| Question: |
Who can join the LAMCOnetwork? |
| Answer: |
Qualified
REO professionals such as: Real Estate Agents, Contractors (Property
Preservation specialists & related service professionals), Title
companies, Mortgage companies, Appraisal companies and Real Estate
Legal services.
|
| Question: |
Because LAMCOnetwork is a subsidiary of Lenders Asset Management Corporation, will I receive leads or work orders? |
| Answer: |
LAMCO's
asset management division is currently using the LAMCOnetwork when
looking for REO professionals to assigning properties for liquidation
and property preservation work.
|
| Question: |
Where do I sign up? |
| Answer: |
Fill out a member application here and getstarted today! |
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