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Broker/Care Hotline
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| In this dedicated space, Paradigm lists, for readers:information, services, publications and web-sites which may be useful to assist in furthering real estate knowledge, business penetration and development paths, and the goals of personal investment. Some of these sites offer free daily e-mails with current business stories, contacts and focused information on specialized sectors of the real estate and mortgage market. Other mentioned sites provide subscription services. None of these companies are owned, affiliated or connected to Paradigm except as a service or information provider. |
| Useful Resources and Products |
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Recommended Reading:
"Shift: How Top Real Estate Agents Tackle Tough Times" |
| Industry News |
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» DS News/Magazine » Housing Wire » Inman News » MBA's Daily Information Service » Mortgage Banking Magazine » Realty Agent News/Realty Times » Servicing Management |
| Real Estate Data |
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» SiteX » Foreclosure Radar (California info only) |
| Real Estate Marketing Services |
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» BuyBankHomes » Craigs List » Loopnet (The equivalent of a national MLS for commercial real estate for sale/lease. Loopnet accepts for publication, 2-4 family properties from members) » Realty Agent Superstore » Realty Trac |
| Education and Training |
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» National Foreclosure Sales and Training Institute |
Paradigm: The Trinity Solution
Paradigm Default Services, LLC ("Paradigm") recognizes the unique three-party relationship of REO Outsourcing: Client, Outsourcer and Local Broker. In this time of plenty, characterized by high levels of REO, the Paradigm Partnership provides unique client values founded on the closest professional relationships with, and respect for, long standing REO professionals who are the acknowledged market makers; and some of the newest and most enthusiastic residential broker-partners. Paradigm provides a bundle of services to attract and maintain the highest performing REO Brokers and Agents. The result is the best execution for the Client: the highest reasonable sales price in the shortest reasonable sales horizon with no drama and without hassles. Paradigm is committed to accelerating the speed of real estate! And making it easier.
The Paradigm Value Proposition For Brokers
Paradigm assesses a one time initiation and application fee of $1,500. This non-refundable application fee offsets the cost of detailed processing to include: reference checks, real estate licensing and complaint history, civil litigation reports and verification of professional liability insurance coverage. Additionally, we allocate a portion of the application and recertification fees to fund in part, and an on going basis, and an independent quality control program.
Lastly, application and recertification fees allow Paradigm to offset the cost of delivering its value proposition for Broker-partners.
Do the math: The application and recertification fees allow us to hold the line on referral fees to no more than 1%.
Outsourcer A |
Paradigm Default Services |
Average Purchase Price: $150,000 |
Average Purchase Price: $150,000 |
Average Commission %: 1.75% |
Average Commission: 2.5% |
(6%-3% (BA) -1.25% (Referral Fee)) |
(6%-2.5% (BA) - 1% (Referral Fee) |
Net Commission: $2,625 |
Net Commission: $3,750 |
Difference: $1,125 per transaction |
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Sales |
Commission Difference |
5 |
$5,625 |
10 |
$11,250 |
25 |
$28,125 |
50 |
$56,250 |
100 |
$112,500 |
At Paradigm we are committed to our belief that the best brokers provide the best results. We seek to attract, cultivate and retain our broker-partners by offering and delivering the most comprehensive package of tangible benefits in the REO outsource community. Broker-partners cannot be added to our team by just any asset manager, pre-marketer or the night janitor. At Paradigm, only three senior managers can add broker-partners. Our assignments are based on performance and enthusiasm-not proximity to the property or any other artificial filter.
Paradigm management does not subscribe to the mistaken notion that REO brokers are a dime a dozen nor do we conduct our business in that fashion!
Working together with equal appreciation among our client-partners, Paradigm and our local broker-partners, we intend to shift, and then change, the REO Paradigm.