Posted by Rick_NY on 12/1/05 10:14am
Msg #79517

Invoicing Procedure With NREIS

First let me say I have only good things to say about doing work for NREIS. Today I have a procedural question.

In the past, NREIS has paid me based on the price being agreed upon in their confirmation, doing the job, faxing back the completion sheet and the job then being sent back to them promptly by courier. This seems to be how many settlement companies work. I keep internal a/r records for my business.

Recently, I inquired about a job which has gone unpaid for an extended period and was reproached by the NREIS rep for not sending an invoice. I have never before had to prepare my own invoice for NREIS to be paid for a job.

I know it never hurts to send an invoice, but is the process I described above (no invoice required) how many of you operate with NREIS?

Please advise.

TIA

Reply by Brenda_CO on 12/1/05 10:19am
Msg #79518

Like you, I have only the best to say re working with NREIS. They are the BEST! When I started working with them, I was told that the "post-closing" fax form would serve as my invoice. There has only been one time that I needed to call them re payment, and I received a payment. I make a few copies of the fax form so that I could go ahead and fax the closing report even when they send the docs directly to borrower.

Reply by Roger_OH on 12/1/05 10:20am
Msg #79519

I always send my own invoice to NREIS (and every other company) to avoid situations like this.

Reply by Rick_NY on 12/1/05 10:25am
Msg #79520

> I always send my own invoice to NREIS (and every other company) to avoid situations like
> this.

So who do you send it to? Items included with the loan package are frequently discarded as they are not relevant to getting the mtg recorded or other docs returned to the lender.

Reply by Brenda_CO on 12/1/05 10:28am
Msg #79521

You could ask the person who told you that an invoice is required for payment.

Reply by Rick_NY on 12/1/05 10:35am
Msg #79524

> You could ask the person who told you that an invoice is required for payment.

"DUH!" on me. Brilliant, Brenda. Thank you.

Reply by srnotary_CA on 12/1/05 10:29am
Msg #79522

That is not always true. I have had a company request that i put my invoices in the packages that go bak to them so that they can get them taken care of. I haven't had a problem with them. THough I usually fax them to the fax number provided.

Reply by Rick_NY on 12/1/05 10:33am
Msg #79523

I said "frequently," not "always" discarded. NREIS does not request invoicing, the fax back is usually sufficient.

Reply by eXpedN_TX on 12/1/05 10:50am
Msg #79532

I always email my own invoices. After 30 days, I resend it again. It helps me keep an accurate paper trail for tax purposes. If a SS wants me to follow up with a fax, I will do that as well, but will reference my personal invoice and visa-versa. I don't want to overburden them with multiple invoices.

Reply by Cherilyn_CO on 12/1/05 11:00am
Msg #79540

Rick, I've had similar issues...

and I posted them here. I've had to call NREIS and have them "push through" my signings to get paid.

The last time I called I asked the girl in AP (Don't remember her name) what I was doing wrong and did I need to submit and invoice. She said you don't have to, that when they update status, it should automatically create a payable, but that's not always the case. She said to be on the safe side, I could always fax and invoice to 1-877-298-4434.

I know that they pay on the 15th and 30th-so we'll see if it worked when I get my check here shortly.