Hsbc/altisource - REO Property Preservation Forum
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post #1 of 32 (permalink) Old 12-03-2014, 08:59 AM Thread Starter
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Hsbc/altisource

Was at a property with Realtor and she said that HSBC has taken all of their files and moved them all to Altisource. So I am assuming that if this has happened, means that Screwguard has lost another client. I know altisource doesn't pay great at all or even if you will get paid. I am hearing more rumblings as well with SG and wondering if they are about to bust or what do you all think. I know what most of you think of SG anyway.
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post #2 of 32 (permalink) Old 12-03-2014, 09:42 AM
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Safeguard isn''t going anywhere.
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post #3 of 32 (permalink) Old 12-03-2014, 11:18 AM
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Safeguard isn''t going anywhere.
too bad!!!!..... the world would be such a better place
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post #4 of 32 (permalink) Old 12-03-2014, 11:24 AM
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Safeguard is behind right now because they just signed all of New England for Fannie Mae REO. HSBC is most likely moving to Altisource because none of the BOTG can make any money off of their orders ... no allowables and no bid approvals. It won't matter what company they have service their orders; if the BOTG can't make any money off of them, then they are always going to be the last orders done.
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post #5 of 32 (permalink) Old 12-03-2014, 01:07 PM
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I just got an email from Altisource looking for contractors to cover New York areas.
I assume there pay is very low?
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post #6 of 32 (permalink) Old 12-03-2014, 01:15 PM
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I just got an email from Altisource looking for contractors to cover New York areas.
I assume there pay is very low?
It's negotiable if you are working for them directly.
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post #7 of 32 (permalink) Old 12-03-2014, 04:09 PM
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post #8 of 32 (permalink) Old 12-10-2014, 05:54 PM
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I got the same email.The problem is they want the entire state covered.There is no way possible.In Rockland where i am located the counties around here all need to be licensed and it cost$$$ There is no way possible.
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post #9 of 32 (permalink) Old 12-11-2014, 09:36 PM
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HSBC is selling their whole US servicing portfolio. That's what the local HSBC broker told me FWIW
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post #10 of 32 (permalink) Old 12-11-2014, 11:42 PM
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