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Discussion Starter · #1 ·
Used to be called Energy REO Solutions. Got the call and the app from them today.

Anyone got any other info about them?
 

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Used to be called Energy REO Solutions. Got the call and the app from them today.

Anyone got any other info about them?
Did they attached price list with that?
 

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No price list. Was told it is being reworked because they recently got some new contracts.

The work mentioned was both VA and Freddie Mac. Anyone have any experience doing either of these?
I do some VA REO work with MSI. I have only done FMAC rehabs, no P&P. If you have question, shoot me a PM.
 

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How I wanna be a PP Pro
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Energy REO was a good company to us. Only did a few little rehabs but it was at our bid amounts. I really didn't think the mortgage companies would continue, for any long length of time, to rehab properties when they sell "as is" so fast.
 

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They sent a sample pricing...they said sample....at the bottome of the price schedule was this statement.
Failed QC $100 fine....
I inquired about this and this is what we received for them.....

I apologize for being absent - I have been buried in emails and have been in and out of the office over the past few weeks.

As I told you before, the price list I gave you is not approved and was just meant to be given to you as a reference for task pricing. We may or may not implement a penalty program for late work orders - that has not been decided and I ensure you it would not be hidden to our contractors if it were.



Our QC program is also being redeveloped and is in no stage to be shared with our vendors. Once we have the price list and QC guidelines approved, we will be more than happy to share it with you. Unfortunately, we cannot share client information - it will all be implemented into our guidelines.


I understand if you are uncomfortable with this and would not like to work with us just yet. I can let you know in the future when we have approved QC guidelines and a price list for you.

So you be the judge....I know they are having some growing pains as the name has changed but I would think that you have a QC program in place if a pricing schedule...sample or not...if there is a fine attached for a failed QC inspection....I will be doing a follow up phone call later today with them to see if things have progressed....
 

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Discussion Starter · #8 ·
I've been told they pay by direct deposit something like 48 hours after the job is complete ... unheard of for this work!

I was told they discontinued that when I talked to them. He mentioned some sort of accelerated pay for a fee.

I believe it was 2%, not sure about the percentage because all I heard was you have to pay to be paid and quit hearing it.
 

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They sent a sample pricing...they said sample....at the bottome of the price schedule was this statement.
Failed QC $100 fine....
$100 fine. That is interesting. If that makes it into their final pricing I'd like to see how that plays out. A- $100 fine and the contractor has to return to the property to make corrections? B-$100 and the contractor does nothing, the money just goes back into their pocket and it remains in that condition until the next regional gets the contract. C-$100 fine and it is reassigned.
 

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All new regulations are safeguard, CoreLogic, MCS, and Freddie Mac all rolled into 1. You now have to write on a dry erase board the cubic yardage with photos, and take progressive load photos with measurements of your trailer in the photos. You're pre approved up to 30 cubic yards to remove at 25 dollars a cubic yard. Anything over 30 cubic yards you have to photograph with a white board, bag up and move to a garage or a basement and bid it. They do not pay for any bagging on moving debris. their initial REO service now pays 120 dollars for sales clean, change all locks and initial lawn cut. I think they also send E-Coupons for KY!!!!
 

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All new regulations are safeguard, CoreLogic, MCS, and Freddie Mac all rolled into 1. You now have to write on a dry erase board the cubic yardage with photos, and take progressive load photos with measurements of your trailer in the photos. You're pre approved up to 30 cubic yards to remove at 25 dollars a cubic yard. Anything over 30 cubic yards you have to photograph with a white board, bag up and move to a garage or a basement and bid it. They do not pay for any bagging on moving debris. their initial REO service now pays 120 dollars for sales clean, change all locks and initial lawn cut. I think they also send E-Coupons for KY!!!!

Are freaking kidding me! more and more BS to deal with.
 

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All new regulations are safeguard, CoreLogic, MCS, and Freddie Mac all rolled into 1. You now have to write on a dry erase board the cubic yardage with photos, and take progressive load photos with measurements of your trailer in the photos. You're pre approved up to 30 cubic yards to remove at 25 dollars a cubic yard. Anything over 30 cubic yards you have to photograph with a white board, bag up and move to a garage or a basement and bid it. They do not pay for any bagging on moving debris. their initial REO service now pays 120 dollars for sales clean, change all locks and initial lawn cut. I think they also send E-Coupons for KY!!!!
Who really wants to get involed with **** like this Matt... not I that's fer sure...
 

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I was told by someone yesterday that they are subbing work from VRM...to homestar...to Eastern Estates....

Just what I heard....Homestar has said that VRM is their client....
 

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I was told by someone yesterday that they are subbing work from VRM...to homestar...to Eastern Estates....

Just what I heard....Homestar has said that VRM is their client....
I have been dabbling with these guys. Is what you heard that they are subbing for VRM reliable?
 
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