Posted by Brenda Bolton on 10/12/06 2:28pm
Msg #152052

Fax from Express Financial Services

Did anyone else else received the fax from EPS today re: Standardization of Fees? If so, what do you think this is...just another fee cut?

Reply by Lisa Prestegard on 10/12/06 4:04pm
Msg #152083

I got it too. I'll wait and see when the next order comes

in whether or not it affects the fee I have on file with them.

Reply by LawrenceOK on 10/12/06 5:58pm
Msg #152109

Re: Fax from Express Financial Services...YEP!

The 1st catch phrase is "In Order To Remain Competitive". The 2nd one is "To Standardize Fees" I am getting sick of these two phrases from companies that used to pay a decent fee for our work. This now makes eleven companies on my list that have "Standardized fees". All of these companies are nationwide and that one phrase is very close to PRICE FIXING.

Reply by BrendaTx on 10/12/06 6:27pm
Msg #152113

Re: Fax from Express Financial Services...YEP! Lawrence...

Right as usual.

The term "standardize fees" is a joke. You cannot standardize a fee to fit all states.

Reply by LawrenceOK on 10/12/06 7:00pm
Msg #152121

Re: Fax from Express Financial Services...YEP! Lawrence...

Well they sure are trying hard to "Standardize Fees" in order to be "More Competitive" don't ya think?

Reply by Titlegal/PA on 10/23/06 12:05pm
Msg #154467

I got that fax as well so I called to question it. According to the vendor management department; that fax was not sent in an attempt to cut fees. They are simply trying to clarify fee for the additional things like e-docs. So basically you still determined your base fee but they are just stating that they are going to give you an ADDITIONAL 25 for e-docs. I think this makes billing easier and their fees are not out of line for these additional charges.

Reply by Frank Calderone on 10/23/06 2:42pm
Msg #154517

Got the fax also. My concern is EFS has gone to a 45 day invoice pay peroid.

Reply by Titlegal/PA on 10/23/06 4:05pm
Msg #154543

You are right they have, I am hoping it improves when they get everything straightened out. i heard they were having some difficulty with the new system.