Let's Be Positive - REO Property Preservation Forum
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post #1 of 85 (permalink) Old 09-19-2015, 09:11 AM Thread Starter
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Let's Be Positive

I would like for a change for us to speak positive about this industry instead of complaining about pricing or a regional screwing you. Let's talk about the great companies that we have or currently work for and what kind of relationship you have built other yhan being vendor #5385258. There are many good nationals out there, and let's give them the praise they deserve without giving negative attention to those that have done us wrong. Let's face it, we are all in this together and even might work in my backyard, but together we can conquer this industry and help each other out and in return the companies that have a blatant disregard for the BOTG contractor will cease to exist eventually. Don't think of this as divulging information that is secret, think about it as us joining together to work for companies that are worth it. We all know all of the nationals and have had good and bad experiences with them. Some of you have completely gotten away from that and gone towards the rep broker route. If so talk about how much better things are and maybe it might work better for some of us. How did you get your foot in the door? I will start by saying 5 years ago when I was a nobody in my area I answered a Craigslist ad (they are not always local or regional companies) and it turned out to be a company called qualified west. They were new in NJ and gave me a shot on 8 counties. At this time I was a 1 man show and had 2 weeks to get my act together. So I rounded up my crews (mainly my friends to start) and I did work for them until the BOA buyout with safeguard. I haven't spoken to them in a while, but I was grossing $300-400k from them a year before it all ended. I left preservation for a while to concentrate on inspections which I already had a contract in place and trucked along. 2 years ago I got back into it with a fellow preservation company at the other end of NJ doing work for MCS. I have my complaints about them, but the volume of work they have has supported me and my family back to where we needed to be and now I have 3 crews, one of which I run personally. I have been contacted by assurant and nothing as of yet. I'm trying to grow just as everyone else, but trying to find a national that is his minus discount is the impossible feat which if found could make finding people to do this work with me much easier.
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post #2 of 85 (permalink) Old 09-19-2015, 09:52 AM
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Originally Posted by madxtreme01 View Post
There are many good nationals out there, and let's give them the praise they deserve without giving negative attention to those that have done us wrong. .
There are NOT many good nationals out there and bringing attention to the ones that screw us has helped many here, myself included, avoid the traps that lay ahead.

I like your idea but afraid it's just not reality. Reality is an honest days work for and honest days pay and a chargeback at the end of the week.
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post #3 of 85 (permalink) Old 09-19-2015, 10:07 PM
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I would like for a change for us to speak positive about this industry instead of complaining about pricing or a regional screwing you. Let's talk about the great companies that we have or currently work for and what kind of relationship you have built other yhan being vendor #5385258. There are many good nationals out there, and let's give them the praise they deserve without giving negative attention to those that have done us wrong. Let's face it, we are all in this together and even might work in my backyard, but together we can conquer this industry and help each other out and in return the companies that have a blatant disregard for the BOTG contractor will cease to exist eventually. Don't think of this as divulging information that is secret, think about it as us joining together to work for companies that are worth it. We all know all of the nationals and have had good and bad experiences with them. Some of you have completely gotten away from that and gone towards the rep broker route. If so talk about how much better things are and maybe it might work better for some of us. How did you get your foot in the door? I will start by saying 5 years ago when I was a nobody in my area I answered a Craigslist ad (they are not always local or regional companies) and it turned out to be a company called qualified west. They were new in NJ and gave me a shot on 8 counties. At this time I was a 1 man show and had 2 weeks to get my act together. So I rounded up my crews (mainly my friends to start) and I did work for them until the BOA buyout with safeguard. I haven't spoken to them in a while, but I was grossing $300-400k from them a year before it all ended. I left preservation for a while to concentrate on inspections which I already had a contract in place and trucked along. 2 years ago I got back into it with a fellow preservation company at the other end of NJ doing work for MCS. I have my complaints about them, but the volume of work they have has supported me and my family back to where we needed to be and now I have 3 crews, one of which I run personally. I have been contacted by assurant and nothing as of yet. I'm trying to grow just as everyone else, but trying to find a national that is his minus discount is the impossible feat which if found could make finding people to do this work with me much easier.
In my experience, Servicelink (formerly LPS) is the best Nat, I hear good things about NFR, but that's it.. Im not really interested in working with any others.
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post #4 of 85 (permalink) Old 09-20-2015, 12:30 AM
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Originally Posted by JDRM View Post
In my experience, Servicelink (formerly LPS) is the best Nat, I hear good things about NFR, but that's it.. Im not really interested in working with any others.
I would put NFR above ServiceLink (formerly LPS), Both are good, but SL/LPS has huge volume and I like the fact that i get to run my own CE, unlike NFR wont let you run your own CE. They are committed to running their own CE, which really is a pain in the arse because they short change the banks for the most part not always but mostly. NFR could get a lot more money for from their CE if they were better trained on using it.

But they make up for it by always having a contact person on each work order to answer questions as they arise while in the field. Which solves major problem before they make it to the office.

Where as SL/LPS you have go thru to many people to get an answer. Plus with SL/LPS you have to stay on your top of your game our they will hand your arse on a silver platter right quick like. And for sure the pay is their most always on time, I don't know about you JDRM, but we just got flooded with wints Friday and today from SL/LPS.

And i just found out SG Just lost all of GA for WF, cant say where it went yet, because im not allowed to, but i do know for sure its gone.

But the thing with SL/LPS is if you want their work you better cover the whole state, or you will get your arse run over like road kill. If just they would quit bugging me about taking on more area i think we would get along better. If you knew how much crap i fix from the regionals they use you would shake your head in disbelief.

But SL/LPS volume is damn huge everywhere. But I still like NFR much better. They treat me very well always. Their CS dept is the best Ive ever run across.

When they say their going to do something they do it.
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post #5 of 85 (permalink) Old 09-20-2015, 09:27 AM
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Being positive

I'm positive that if you are working in this industry you are spending hours upon hours every week dealing with BS that doesn't put money in your pockets. I'm also positive most will leave this line of work with the Sam account balance or less than they came in with.
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post #6 of 85 (permalink) Old 09-20-2015, 09:41 AM
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It would be nice to get just one order once on a while

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I'm positive that is you are working in this industry you are spending hours upon hours every week dealing with BS that doesn't put money in your pockets. I'm
from a National that wasn't a blanket order to BATF any damn thing you find, and hope to get paid for it later. I especially like multiple orders at the same property issued on the same day with separate PCRs and the more redundant paperwork the better. Oh, and could you hold my money up just a little longer too,because I missed one line on the third PCR for the same property on the same day, I like that. Hey, and just because the last three contractors sent you a thousand photos and explained to you that the house already fell down, feel free to waste my time with a long line item work order for things I would have to dig through the rubble to bid. I think I have reached the limit of the stupid I can take. That's about as positive as I can be right now.
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post #7 of 85 (permalink) Old 09-20-2015, 10:20 AM
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Originally Posted by Zuse View Post
I would put NFR above ServiceLink (formerly LPS), Both are good, but SL/LPS has huge volume and I like the fact that i get to run my own CE, unlike NFR wont let you run your own CE. They are committed to running their own CE, which really is a pain in the arse because they short change the banks for the most part not always but mostly. NFR could get a lot more money for from their CE if they were better trained on using it.

But they make up for it by always having a contact person on each work order to answer questions as they arise while in the field. Which solves major problem before they make it to the office.

Where as SL/LPS you have go thru to many people to get an answer. Plus with SL/LPS you have to stay on your top of your game our they will hand your arse on a silver platter right quick like. And for sure the pay is their most always on time, I don't know about you JDRM, but we just got flooded with wints Friday and today from SL/LPS.

And i just found out SG Just lost all of GA for WF, cant say where it went yet, because im not allowed to, but i do know for sure its gone.

But the thing with SL/LPS is if you want their work you better cover the whole state, or you will get your arse run over like road kill. If just they would quit bugging me about taking on more area i think we would get along better. If you knew how much crap i fix from the regionals they use you would shake your head in disbelief.

But SL/LPS volume is damn huge everywhere. But I still like NFR much better. They treat me very well always. Their CS dept is the best Ive ever run across.

When they say their going to do something they do it.
We are getting wints slowly, thankfully we are not getting slammed as we are still doing 400 recurring re cuts. We have probably done 150 so far, approx 5-10 a day since sept 1.

I would love to think SG was not going to be involved with WF, but they are contacting their contractors now up in MI and Ohio, claiming to be getting them in OCT. We will see. You know how it goes, lose one state, gain another, etc. And I do know who is getting them in GA, but as you I do keep my word and I am not saying anything.

Also, from a good source, I have heard SL lost a large amount of WF volume across the country, unfortunately. Like I said, they are my main, and favorite client. If we ever go our separate ways, or their volume dries up, I will be out of this business the next day and moving on.
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post #8 of 85 (permalink) Old 09-20-2015, 10:58 AM
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Originally Posted by JDRM View Post
We are getting wints slowly, thankfully we are not getting slammed as we are still doing 400 recurring re cuts. We have probably done 150 so far, approx 5-10 a day since sept 1.

I would love to think SG was not going to be involved with WF, but they are contacting their contractors now up in MI and Ohio, claiming to be getting them in OCT. We will see. You know how it goes, lose one state, gain another, etc. And I do know who is getting them in GA, but as you I do keep my word and I am not saying anything.

Also, from a good source, I have heard SL lost a large amount of WF volume across the country, unfortunately. Like I said, they are my main, and favorite client. If we ever go our separate ways, or their volume dries up, I will be out of this business the next day and moving on.
They are losing some/about 1/3 but not all and it not all over mostly up north they got FL,GA,SC,NC,TN,AL,TX,all of the east locked up. Its unusual for WF to pull complete states from a National like SG, you really have to screw up bad to lose the whole state. And it just not GA its other states as well. Its funny because your cutting about as much grass as i am. And everything i got from SL is WF.
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post #9 of 85 (permalink) Old 09-20-2015, 11:01 AM
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Quote:
Originally Posted by JDRM View Post
We are getting wints slowly, thankfully we are not getting slammed as we are still doing 400 recurring re cuts. We have probably done 150 so far, approx 5-10 a day since sept 1.

I would love to think SG was not going to be involved with WF, but they are contacting their contractors now up in MI and Ohio, claiming to be getting them in OCT. We will see. You know how it goes, lose one state, gain another, etc. And I do know who is getting them in GA, but as you I do keep my word and I am not saying anything.

Also, from a good source, I have heard SL lost a large amount of WF volume across the country, unfortunately. Like I said, they are my main, and favorite client. If we ever go our separate ways, or their volume dries up, I will be out of this business the next day and moving on.
I actually despise the Wells Fargo work so I hope they lose it all. I'd much rather do work for Everhome or BB&T.
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post #10 of 85 (permalink) Old 09-20-2015, 11:34 AM
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They are losing some/about 1/3 but not all and it not all over mostly up north they got FL,GA,SC,NC,TN,AL,TX,all of the east locked up. Its unusual for WF to pull complete states from a National like SG, you really have to screw up bad to lose the whole state. And it just not GA its other states as well. Its funny because your cutting about as much grass as i am. And everything i got from SL is WF.
%90 of mine is Chase, we still get minimal WF. They went to 5 bros here 2 yrs ago, but they dropped the ball badly....
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