MSI pay issues - REO Property Preservation Forum
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post #1 of 27 (permalink) Old 09-08-2018, 06:25 PM Thread Starter
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MSI pay issues

Hey all! We all know that MSI pays very late, they say 60 days. They owe us thousands and sent us a $30 check 2 weeks ago! Obviously we are rejecting all of their work. I am kind of wondering if they will ever pay? We have ALOT of work over 90 days with out pay now.

Anyone else experiencing this too?
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post #2 of 27 (permalink) Old 09-11-2018, 12:37 PM
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Sorry to Hear. I wish we were just paid what we have worked for. There should be more regulation of these nationals.
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post #3 of 27 (permalink) Old 09-12-2018, 04:51 PM
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We have just recently experienced the same issue. Giving them 1 week to get caught up before filing a bunch of liens.
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post #4 of 27 (permalink) Old 09-14-2018, 10:24 PM
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Yes, I had several work orders older than 90 days. Talked to so many coordinators that gave me the run around. I refuse to accept any new work orders from them. This is the only company I’ve had these sort issues with.
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post #5 of 27 (permalink) Old 09-18-2018, 01:59 PM
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Pinnacle if you work for others be prepared for all sort of craziness. I am thinking that they are all in trouble. This has been our worst year ever as far as nationals are concerned. At one time I processed for 8 companies in our coverage area. At the end of today we are down to 3 and 1 has very little work.
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post #6 of 27 (permalink) Old 09-18-2018, 05:48 PM
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We did receive a check today covering several old invoices. By far the longest we have ever had to wait but in the end they paid.
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post #7 of 27 (permalink) Old 11-05-2018, 10:56 AM
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Who did you get in contact with to try to get paid? We also have invoices out 110 days and it seems that no matter what we turn in when we close out a work order it is kicked out for something or other. Our VM is very, very helpful and tries to take care of our complaints but he is only one person.

Thank you,
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post #8 of 27 (permalink) Old 01-09-2019, 01:01 PM
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Does anyone have any new updates on payment from MSI? We still have never been paid.
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post #9 of 27 (permalink) Old 01-09-2019, 02:45 PM
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I had signed up with them last year and was only able to deal with the slow payment process for about 6-8 months and then I has to call it quits. There is no way to survive waiting over 3-4 months for payments.
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post #10 of 27 (permalink) Old 01-13-2019, 08:47 AM
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MSI invoices the Banks when you complete the work orders and they complete their internal QC. The majority of the Banks will issue MSI payment within days of receiving the invoice. There is no excuse that MSI is withholding payments. Banks cannot transfer titles with property liens. File your mechanic liens in the Banks name. I suspect MSI has diverted money on their acquisition of Williams and Williams (auction company)
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