All Wells Fargo orders are cancelled - REO Property Preservation Forum
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post #1 of 57 (permalink) Old 05-08-2014, 11:26 PM Thread Starter
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All Wells Fargo orders are cancelled

But we did not lose Wells Fargo. They may come back?

Umm....? If you don't know they are coming back than you don't know you didn't lose them.
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post #2 of 57 (permalink) Old 05-08-2014, 11:59 PM
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but we did not lose wells fargo. They may come back?

Umm....? If you don't know they are coming back than you don't know you didn't lose them.
nfr ?
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post #3 of 57 (permalink) Old 05-09-2014, 12:10 AM
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But we did not lose Wells Fargo. They may come back?

Umm....? If you don't know they are coming back than you don't know you didn't lose them.

All depends on which "National company" you talking about. Wells Fargo financial a Wells Fargo equity are merging operations into one unit, those 2 units are separate from the Wells Fargo mortgage which is most of the work.

They have separated them and pull all their work under one roof, The Financial and equity units have at least 5 service company's that handle the work exclusively. LPS, Core Logic, NFR are not part of the line up.

NFR canceled about 22 grass cuts last Friday, . Looks like MCS got some and a few others but i don't which as of yet. NFR still has the mortgage division at least in my states.
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post #4 of 57 (permalink) Old 05-09-2014, 06:29 AM
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All depends on which "National company" you talking about. Wells Fargo financial a Wells Fargo equity are merging operations into one unit, those 2 units are separate from the Wells Fargo mortgage which is most of the work.

They have separated them and pull all their work under one roof, The Financial and equity units have at least 5 service company's that handle the work exclusively. LPS, Core Logic, NFR are not part of the line up.

NFR canceled about 22 grass cuts last Friday, . Looks like MCS got some and a few others but i don't which as of yet. NFR still has the mortgage division at least in my states.

had around eight yard canceled so far
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post #5 of 57 (permalink) Old 05-09-2014, 08:11 AM Thread Starter
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All depends on which "National company" you talking about. Wells Fargo financial a Wells Fargo equity are merging operations into one unit, those 2 units are separate from the Wells Fargo mortgage which is most of the work.

They have separated them and pull all their work under one roof, The Financial and equity units have at least 5 service company's that handle the work exclusively. LPS, Core Logic, NFR are not part of the line up.

NFR canceled about 22 grass cuts last Friday, . Looks like MCS got some and a few others but i don't which as of yet. NFR still has the mortgage division at least in my states.
This is a pretty big deal for us. We don't work for MCS and Wells is 85% of our preservation work.
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post #6 of 57 (permalink) Old 05-09-2014, 11:17 AM
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What state are you in? Here in Mi we are with LPS, they lost WF here which made up 65% of LPS workload. 5 Bros got them, luckily we caught on with them....
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post #7 of 57 (permalink) Old 05-09-2014, 11:27 AM Thread Starter
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What state are you in? Here in Mi we are with LPS, they lost WF here which made up 65% of LPS workload. 5 Bros got them, luckily we caught on with them....
Luckily??? 5 Bros is about the 3rd worst company out there. No Thanks!

We are in Indiana, Illinois, and Kentucky. I expect our workload to get light for a bit while LPS figures out what to do after losing everhome, and Wells.

NFR seems to be giving us more of the Financial Freedom stuff so maybe we just ride it out.

I hate that our company is parasitic. We depend on our clients too much and I know we are in better shape than most. We have other stuff going on and I keep planning to break away from preservation completely and now may be the time?

The decision could be being made for me.
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post #8 of 57 (permalink) Old 05-09-2014, 12:18 PM
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Well, say what you want, I am doing good with them.

Anyway, they lost Everhome also??? Who got them? The email I got said a portion was released.

Is that just in your state?

Do you know who is picking them up or is it too soon, no details yet?
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post #9 of 57 (permalink) Old 05-09-2014, 12:29 PM
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Well, say what you want, I am doing good with them.

It's not IF 5 children will screw you its WHEN. I know plenty of people many of them veterans in the business for a dozen years that got jacked. Watch your back. Tell the NO one time because you know what they are telling you to do is not right and game on...........
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post #10 of 57 (permalink) Old 05-09-2014, 12:33 PM
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It's not IF 5 children will screw you its WHEN. I know plenty of people many of them veterans in the business for a dozen years that got jacked. Watch your back. Tell the NO one time because you know what they are telling you to do is not right and game on...........
I have heard all of your stories, on other threads, and appreciate the input. But, rite now im more concerned with the thread topic.
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