Posted by 1AZNotary on 3/15/07 8:53am
Msg #180037
iMS aka imortgageservices
Just FYI. I did this closing EOM Jan 26, 2007. Now being told on the phone that I will not receive payment until second week of April. I am not saying they do not pay... I will have to wait and see. I just want someone to have the ability to make an educated decision on who to give their time slots to. I received this email this morning. (See below)
-----Original Message-----
Sent: Thursday, March 15, 2007 5:05 AM
To: Michelle Williams
Subject: RE: iMS Order No. 270153096-90
Hi, Michelle
At the end of each month, iMS compiles the work that was completed by each of our vendor partners during the month to calculate a monthly payment. Then one check is generated for each vendor partner in payment of their entire month's work. The work is compiled by the date all work required for the assignment was completed. These checks are cut the 15th of the following month. So on average, vendor partner payments are mailed 30-45 days post the 15th of the following month all work required was completed. iMS does not require that you submit invoices and will provide a statement detailing all orders paid with your monthly statement.
Many title companies pay in the same manner. If you do not care for our billing system, I can deactivate you in our system so that you do not have to be troubled further by our system if it is inconvenient for you.
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