Wells Fargo shake up - REO Property Preservation Forum
Reply
 
LinkBack Thread Tools Display Modes
post #1 of 38 (permalink) Old 06-01-2016, 08:54 PM Thread Starter
Senior Member
 
Join Date: Apr 2012
Location: Florida
Posts: 847
Thanks: 664
Thanked 247 Times in 151 Posts
Wells Fargo shake up

MCS has sent out emails regarding losing some states and gaining some states. NFR has lost a few, no mention of gaining any. Where is all the WF going???
JDRM is offline  
Sponsored Links
Advertisement
 
post #2 of 38 (permalink) Old 06-01-2016, 09:00 PM
Low quality low cost
 
Craigslist Hack's Avatar
 
Join Date: Jun 2012
Location: Every city
Posts: 2,337
Thanks: 695
Thanked 1,687 Times in 846 Posts
Quote:
Originally Posted by JDRM View Post
MCS has sent out emails regarding losing some states and gaining some states. NFR has lost a few, no mention of gaining any. Where is all the WF going???

Radical Restructuring. You will hear more soon but it's going to blow your mind.
Craigslist Hack is offline  
The Following 2 Users Say Thank You to Craigslist Hack For This Useful Post:
MPSFIRM (06-02-2016), Wannabe (06-01-2016)
post #3 of 38 (permalink) Old 06-01-2016, 10:33 PM
Senior Member
 
Join Date: Apr 2012
Posts: 226
Thanks: 1
Thanked 32 Times in 21 Posts
Wells probably got a little kick back when they wanted their contractors to box up personals and put then in the middle of rooms at no additional cost.
JenkinsHB is offline  
Sponsored Links
Advertisement
 
post #4 of 38 (permalink) Old 06-01-2016, 10:34 PM
Super Moderator
 
Join Date: Oct 2012
Location: Southeast Wisconsin
Posts: 1,059
Thanks: 890
Thanked 1,208 Times in 536 Posts
Quote:
Originally Posted by Craigslist Hack View Post
Radical Restructuring. You will hear more soon but it's going to blow your mind.
You can't drop something like that without spilling the beans



BRADSConst is offline  
The Following User Says Thank You to BRADSConst For This Useful Post:
G 3 (06-03-2016)
post #5 of 38 (permalink) Old 06-01-2016, 11:36 PM
Junior Member
 
Join Date: Jun 2015
Location: Minnesota
Posts: 26
Thanks: 6
Thanked 13 Times in 9 Posts
Quote:
Originally Posted by Craigslist Hack View Post
Quote:
Originally Posted by JDRM View Post
MCS has sent out emails regarding losing some states and gaining some states. NFR has lost a few, no mention of gaining any. Where is all the WF going???

Radical Restructuring. You will hear more soon but it's going to blow your mind.
Are they finally gonna take it all back and manage it "the asset managers"? I've heard this rumor for some time and it slowly keeps coming true
Allout is offline  
The Following User Says Thank You to Allout For This Useful Post:
Wannabe (06-02-2016)
post #6 of 38 (permalink) Old 06-02-2016, 11:43 AM
Junior Member
 
Join Date: Jun 2016
Posts: 2
Thanks: 0
Thanked 0 Times in 0 Posts
Just heard that NFR has lost Wells Fargo in Alabama and Florida. Anyone know where Wells is going with their work in these states or what exactly is going on?
PreservationJunkie is offline  
post #7 of 38 (permalink) Old 06-02-2016, 06:36 PM
Member
 
Join Date: Sep 2012
Posts: 77
Thanks: 11
Thanked 31 Times in 20 Posts
Hmmm

So lets assume that NFR lost some areas due to work force, lateness, who knows, just assuming properties not being serviced. I have nothing bad to Say about NFR

NFR pays HUD allowable minus the standard 20% fair enough it worked for all of us, HUD lowers the allowable"s this year so work generally maybe slows down a little, maybe who knows.

So MCS and safeguard get there hands back on this contract, no way is this ever ever ever going to get better for Wells Fargo!!!!! These 2 will take way more than NFR leaving the vendor even less

I simply don't get this approach at all, NFR was by far 1 of the best companies to work for

Preservation and MCS is a quick death,
MKM Landscaping is offline  
post #8 of 38 (permalink) Old 06-02-2016, 09:50 PM
Low quality low cost
 
Craigslist Hack's Avatar
 
Join Date: Jun 2012
Location: Every city
Posts: 2,337
Thanks: 695
Thanked 1,687 Times in 846 Posts
Quote:
Originally Posted by MKM Landscaping View Post
So lets assume that NFR lost some areas due to work force, lateness, who knows, just assuming properties not being serviced. I have nothing bad to Say about NFR

NFR pays HUD allowable minus the standard 20% fair enough it worked for all of us, HUD lowers the allowable"s this year so work generally maybe slows down a little, maybe who knows.

So MCS and safeguard get there hands back on this contract, no way is this ever ever ever going to get better for Wells Fargo!!!!! These 2 will take way more than NFR leaving the vendor even less

I simply don't get this approach at all, NFR was by far 1 of the best companies to work for

Preservation and MCS is a quick death,
Reread your post everything in it concerns what's best for you the contractor. They want what's best for Wells Fargo.
Craigslist Hack is offline  
The Following User Says Thank You to Craigslist Hack For This Useful Post:
MPSFIRM (06-03-2016)
post #9 of 38 (permalink) Old 06-02-2016, 10:56 PM
Senior Member
 
Join Date: Mar 2015
Posts: 457
Thanks: 2
Thanked 70 Times in 56 Posts
I don't get why everyone cares so much about this wells fargo work... I've done wells fargo for MCS and LPS, and I hated every minute of it. They expect everything to be done while at the property. I don't get how this is possible. Cut the grass, trim the bushes and trees, remove the leaves, remove the exterior debris, resecure if necessary, patch roof leak etc. Maybe it's different where I am, but I can't fit all of my equipment on a trailer and then take all of that garbage with me, not to mention leaves need to be dumped separately from any brush, and garbage gets dumped separately from any brush also. Also on the same token if you have planned to visit lets say 10 properties that day, how can you route yourself when you might be at one of them for 6 hours doing everything they want done. Oh and it's due 72 hours after you get the order. Maybe I'm missing something, maybe you're all referring to REO work through them as I am referring to P&P, but I like the old days where everything was bid and when the bid was approved, a new work order was generated to address the bid approval.
madxtreme01 is offline  
The Following 2 Users Say Thank You to madxtreme01 For This Useful Post:
MidWestSwindler (06-28-2016), mtmtnman (06-26-2016)
post #10 of 38 (permalink) Old 06-02-2016, 11:16 PM
Senior Member
 
JoeInPI's Avatar
 
Join Date: Dec 2014
Posts: 338
Thanks: 499
Thanked 200 Times in 113 Posts
I've done WF work direct through a local realtor, and it was nothing like what you described. Never unreasonable, paid fast in 7-14 days, normal work. Grass, trashouts, etc... Either I've been incredibly lucky for years, or your issue is who you're doing the WF work for... Mine is through a local realtor. It's probably not my luck, it's probably that I'm just not working for LPS and MCS?

Quote:
Originally Posted by GTX63 View Post
If not satisfied please returned the unused portion of the product and we'll return the unused portion of your money.
JoeInPI is offline  
The Following 2 Users Say Thank You to JoeInPI For This Useful Post:
MPSFIRM (06-03-2016), safeguard dropout (06-03-2016)
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the REO Property Preservation Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page
Display Modes
Linear Mode Linear Mode



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome