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post #1 of 19 (permalink) Old 07-21-2014, 02:26 PM Thread Starter
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AMS - Michigan

Anyone else get the Fannie Mae email that AMS will no longer be assigning work for the state of Michigan. It's now going to be GTJ.

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post #2 of 19 (permalink) Old 07-21-2014, 03:21 PM
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Anyone else get the Fannie Mae email that AMS will no longer be assigning work for the state of Michigan. It's now going to be GTJ.
The more they lose the better. Now lets hope these other Jack Legs loose it as well. Fannie Mae needs to raise their pricing and lower their QC. Hopefully if enough people quit working for them this will happen.
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post #3 of 19 (permalink) Old 07-21-2014, 03:37 PM
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The more they lose the better. Now lets hope these other Jack Legs loose it as well. Fannie Mae needs to raise their pricing and lower their QC. Hopefully if enough people quit working for them this will happen.

Keep dreaming. There's more hacks than qualified contractors. FNMA has no reason to raise prices as the nationals are driving the prices down. The contractors/hacks bear all the burden and carry the insurance. The nationals and FNMA have no worries. That's all on those actually doing the work.
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post #4 of 19 (permalink) Old 07-21-2014, 04:01 PM
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Keep dreaming. There's more hacks than qualified contractors. FNMA has no reason to raise prices as the nationals are driving the prices down. The contractors/hacks bear all the burden and carry the insurance. The nationals and FNMA have no worries. That's all on those actually doing the work.

I couldn't agree more. All the points you make are the issues we need to change.
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post #5 of 19 (permalink) Old 07-21-2014, 04:48 PM
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I heard today that the FNMA national floor covering outfit for all rehabs was told by FNMA that the new contract was going to be lower than the previous one. Supposedly they said "No, we are raising prices". FNMA said fine, we'll just throw at back at the SAMS vendors.

Just wonderful. Reminds me of the old Life cereal commercials. Give it to Mikey, he likes it.....



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post #6 of 19 (permalink) Old 07-21-2014, 04:57 PM
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Did AMS lose the contract or did they

farm out the whole state to GTJ?
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post #7 of 19 (permalink) Old 07-21-2014, 07:35 PM
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Someone else from MI correct me or fill in the blanks but:

Wasn't it the summer of 2012 that Safeguard lost/gave up the Fannie contract at least in MI - that was the same time they aquired BOA.

During that same time period, GTJ was also doing Fannie homes in this area, out of Kalamazoo I believe - used to see them a few times a week at least.

I remember being at an AMS meeting for HUD and one of the speakers told us we should be prepared to operate in single digit margins (this guy used to own his own preservation company but sold out and went to AMS) - he must have had some insight on bids being tossed at Fannie because....

AMS took over Fannie here in MI, lawns that we used to do for Safeguard went untouched for 4-6 weeks, instead of cutting the whole thing they cut perimeters or minimal. AMS kept coming at us with obscenely low pricing for the former quality level and work that Safeguard was doing - while we didn't do any type of preservation for Fannie/Safeguard, thru the lawns we were paid decent and seeing the work completed it seemed above average in our area.

AMS was wanting spic and spam spotless for 705 minus 20% - lawn, clean, debris to 35cy and a wint. Needless to say, in our area they couldn't keep contractors and set up their own shop in Grand Rapids with all new shinny equipment to service the account. I seen them all over the place.

I haven't seen a GTJ truck in a few years, they are a nationwide company I do believe with some pretty strict rules or the way they run things.

I just have to wonder what went down with Safeguard and Fannie - Safeguard makes a cut off of every dollar billed, so was it really in their interest to pay low and expect so much?? I know they could just keep more but they paid us pretty well on the lawns, a lot of freedom with bush triming, weed spraying, different lawn sizes paid more money etc..... The houses were pretty spot on too, not really any BS stuff like single bolt boardings and handrails falling off......

Wouldn't break my heart to see AMS suffer, may even have to drive up to their shop and see what's for sale...
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post #8 of 19 (permalink) Old 07-21-2014, 08:45 PM Thread Starter
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UPDATE - Here is the communication from Fannie:

Fannie Mae Listing Agent:

The following information is for Listing Agents with properties in MI only.

On August 1, Fannie Mae is adding two additional national Field Services companies: Sentinel Field Services and GTJ. They will join AMS, Cyprexx and Safeguard in performing all Field Services work at properties across the country. Because of the addition of these two new vendors, it is necessary to realign several states.

Over the course of the next several weeks, you may notice some of your assigned properties will show the reassignment of the Field Services company from AMS to GTJ, one of the new national Field Services companies.

Starting August 1, 2014, GTJ will replace AMS as the Field Services company for all new inventory assignments in your state. AMS will remain as the Field Services company on all existing inventory where field services tasks have already started. For properties that are currently Occupied or in a status where there has been no field services work performed, GTJ will be assigned. This transition should be seamless and will require no action from you. Please note, GTJ may actively reach out to you during this transition.

Additional details and instructions from Fannie Mae will be communicated very soon, including all contact information for GTJ. If you have any questions regarding this change, please contact your Sales Representative.

Regards,
Vendor Operations

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post #9 of 19 (permalink) Old 07-21-2014, 08:47 PM
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Chuck,

GTJ does freddie in MI. Their in house guys do the WNTZ and bigger stuff like rehabs. They sub the trash and clean outs to "contractors".

In regards to GTG doing all the FNMA initials in MI it is not going to happen. Not to long ago contractors had their panties in a bunch that MCS was going to take away all of the AMS initials. However this never happened as will be the case with GTJ. Its funny how one contractor hears from a guy who knows someone who knows someone and the rumors and speculation start to fly. I find it humorous people getting worked up over the scraps that once was an industry.
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post #10 of 19 (permalink) Old 07-21-2014, 08:50 PM Thread Starter
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The above letter came from a Fannie Listing Agent fyi

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