Safeguard and Five Bro's - REO Property Preservation Forum
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post #1 of 21 (permalink) Old 02-14-2014, 12:15 PM Thread Starter
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Safeguard and Five Bro's

Have been a SG vendor for many years and I'm starting to see a trend. In the last 6 years I bet I have been to a 5bros house maybe 4 times. In the past week I have been to over 100 5 bros houses. Reminds me of the BOA buyout they acted the same way when that whole thing went down. Anybody else seeing this, or did 5bros lose FHA for citi, chase, and Midland in Michigan?
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post #2 of 21 (permalink) Old 02-14-2014, 12:55 PM
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At one time it wasn't uncommon to service the same property for three different nationals. Mow the yard one year for FAS for $45, the next year for 5 Bros for $65, etc. Contracts go back and forth and the quality of the company has little to do with it, or they would all be one and done.
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post #3 of 21 (permalink) Old 02-14-2014, 01:01 PM Thread Starter
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No its different than that. 5bros just did the initial secure on them in the same week, and now I'm doing hazard claims and insurance scope reviews on them. They started off BOA sale the same way doing only Claims work at first for about 4 months then they switched to P&P.
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post #4 of 21 (permalink) Old 02-14-2014, 07:59 PM
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I have been a 5 brothers contractor for year and they get a lot of properties that SG properties.
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post #5 of 21 (permalink) Old 02-14-2014, 09:40 PM
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The only clients I see from the siblings are US bank, Wells fargo and green tree. All loan types. Only been with them for a few months.

LPS lost the accounts for WF in Mi, Wis, and another I believe.
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post #6 of 21 (permalink) Old 02-14-2014, 11:55 PM
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Quote:
Originally Posted by JDRM View Post
The only clients I see from the siblings are US bank, Wells fargo and green tree. All loan types. Only been with them for a few months.

LPS lost the accounts for WF in Mi, Wis, and another I believe.

If LPS or should i say "Servicelink" keeps behaving like they have been of late they are are going to loose WF even further. I had to take a survey the other day for another company i do work for, they where asking how much work i could handle on top of what i was already doing. last time a survey can my way WF pulled some of their work and sent it to another national.

Im just saying.
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post #7 of 21 (permalink) Old 02-15-2014, 07:45 AM
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Rumor is that WF is impressed with the siblings in the states they took from LPS, and they will be giving them more. If you are an LPS contractor, and most of your work is from WF, you should get in with the bros now, before its too late....
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post #8 of 21 (permalink) Old 02-15-2014, 12:51 PM
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Stay as far away from the five sisters as you can. I used to be with them for years and with the amount of no charge orders and the amount of business they lost to othercompanies, they wont have WF forever. They are as low as safeguard. If you do stay with them, call me from the welfare line, I'll give you a job.
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post #9 of 21 (permalink) Old 02-15-2014, 02:18 PM
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Stay as far away from the five sisters as you can. I used to be with them for years and with the amount of no charge orders and the amount of business they lost to other companies, they wont have WF forever. They are as low as safeguard. If you do stay with them, call me from the welfare line, I'll give you a job.

AMEN to that!!! They ONCE where a great company but the BS started about 2 years ago. I wouldn't touch them anymore......
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post #10 of 21 (permalink) Old 02-15-2014, 10:45 PM
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I've had an "very productive" relationship with the siblings,.. be it only 9 months I've only been charged back $265.00 .
I will say this about this Co. . They work hard at you getting it right.. alot of phone calls and emails with EVERYTHING you could have missed or did wrong. BUT...It's VERY irritating to have them ask you to having to sumit new pics that were there allready uploaded to their site with the WO. (happens alot)
These people are relentless in the update of your job. That is the reason I like them. They will return your call or most times answer your call, That means alot to me...................SG... well not so much, no returned calls, no one at the the end of the left message that answers. Maybe it was my only 5 mo. involvement with them. They never seemed to have me as part of their "team"
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