Join Date: Nov 2012
Location: SOUTH/SOUTH EAST/ COASTAL OUTER BANKS
Thanked 470 Times in 244 Posts
Ok so im trying to wrap my head around the whole Seas thing, so bare with me here.
Question? So Altisource subs work direct to Seas and seas subs it out to contractors. Now Ive must say up front that Ive been offered Altisource work direct and Ive seen their numbers. With that said i know i can make those number work but Ive got my hand full and don't want or need anymore.
So Seas i know doesn't pay as well as i do to the BOTG, and they are taking a much larger cut than what would have and with that volume how in the hell do you fail so miserably. Those guys must be down right stupid.
Now i know Altisourse does audits before they bring on a company, they wanted to see my numbers as part of the qualifying process, which i don't have a problem with. But how did Seas hide the fact they didn't have the reserves on hand to pay out to the BOTG.
Now i know for sure through some close friends that works for Altisourse that they do pay and pay on time.
So in closing i just don't get it, Altisourse drops the ball by hiring Seas, and Seas is just to damn stupid to take a account like that run with it.. as in straight to the bank.
If i wasn't so bogged down with work i would have taken that account a ran with it. Seriously this just doesn't make a lick of sense to me.
But then again nothing in this business does anymore. Between HSBC, OWCEN and Altisourse they have a 3.2 billion market cap.. Crazy? is it not.
IDK maybe it just growing pains for Altisourse..