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post #1 of 15 (permalink) Old 06-07-2012, 12:15 PM
Ohiopp
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US Bank

Hi everyone, I'm new here although I don't feel like it because I've been a long time reader but I finally have a question I'm hoping someone can answer. I'm wanting to know if US Bank contracts with one national or multiple. I have been working for a national doing mainly US Bank properties for years now but I was just contacted by another national who now has US Bank and needs contractors.
Is US Bank switching or is this common?
Any insight would be appreciated.
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post #2 of 15 (permalink) Old 06-07-2012, 01:48 PM
MSLiechty
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I've bid US Bank branches for several different GC's

ML
post #3 of 15 (permalink) Old 06-13-2012, 09:41 PM
warranpiece
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I am sure they contract with several. Most of the larger banking organizations are smart enought to not put all their eggs in one basket so to speak. Which national are you specifically asking about?
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post #4 of 15 (permalink) Old 06-13-2012, 10:15 PM
Ohiopp
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I've been doing US Bank for 5 brothers but was contacted by AMS saying they were going to be getting thousands of US Bank properties in OH.
post #5 of 15 (permalink) Old 06-13-2012, 10:16 PM
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Quote:
Originally Posted by Ohiopp
Hi everyone, I'm new here although I don't feel like it because I've been a long time reader but I finally have a question I'm hoping someone can answer. I'm wanting to know if US Bank contracts with one national or multiple. I have been working for a national doing mainly US Bank properties for years now but I was just contacted by another national who now has US Bank and needs contractors.
Is US Bank switching or is this common?
Any insight would be appreciated.
I got that call as well. I was shocked considering 5 brothers has people working inside US bank branches. US Bank must have figured out how screwed up 5 Brothers is.

Did you notice that the pricing was significantly lower with the national looking for help? The pricing they offered me was about what I pay my help.
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post #6 of 15 (permalink) Old 06-13-2012, 10:21 PM
Ohiopp
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Yes I did. It's hard enough to make a living now. That's why I was worried about US Bank switching. If that was to happen, we would be forced to call it quits. I could do flat rates if they were in the median rage but certainly not when they are at the bottom.
post #7 of 15 (permalink) Old 06-13-2012, 10:49 PM
STARBABY
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Quote:
Originally Posted by Doberman Prop
I got that call as well. I was shocked considering 5 brothers has people working inside US bank branches. US Bank must have figured out how screwed up 5 Brothers is.

Did you notice that the pricing was significantly lower with the national looking for help? The pricing they offered me was about what I pay my help.
I guess this why I`m seeing a big slow down with 5 Brothers are my work with them is us bank

5 brother is a pain to deal with(office ) but there pay is pretty good.
post #8 of 15 (permalink) Old 06-15-2012, 01:39 PM
warranpiece
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Quote:
Originally Posted by STARBABY
I guess this why I`m seeing a big slow down with 5 Brothers are my work with them is us bank

5 brother is a pain to deal with(office ) but there pay is pretty good.
The nationwides are making their money, but truth be told the real crooks here are the banks. Many times their flat fees to the nationwides along with the requirements they set, don't allow much room for real responsible payouts. The banks continue to try to improve their portfolio by jacking the cost of foreclosign down. (see Fannie Mae). They pay the nationwides, fees we probably wouldn't be able to accept if they went directly with us.

I could be wrong of course. There are many more experienced people here than me I am sure.
post #9 of 15 (permalink) Old 06-15-2012, 02:54 PM
monumentinc
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Quote:
Originally Posted by warranpiece
The nationwides are making their money, but truth be told the real crooks here are the banks. Many times their flat fees to the nationwides along with the requirements they set, don't allow much room for real responsible payouts. The banks continue to try to improve their portfolio by jacking the cost of foreclosign down. (see Fannie Mae). They pay the nationwides, fees we probably wouldn't be able to accept if they went directly with us.

I could be wrong of course. There are many more experienced people here than me I am sure.
I believe it is the nationals, banks just get several bids and choose the lowest, so you have to be competetive but not anything like what the nationals are paying.
post #10 of 15 (permalink) Old 06-15-2012, 04:30 PM
SWOH REO
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I don't think it's the banks that don't want to pay. If that was the case then you would see the same thing working directly with realtors.
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