Posted by DHartley_PA on 11/20/07 9:28am
Msg #222116

Closed First Vendor Services

Anyone heard of them? I received a call from them to be listed in their database. It is free to be listed and they claim they can send you work immediately. The only "catch" is they ask that you give them a discount price for them sending business your way.

Reply by Phillip/TX on 11/20/07 9:37am
Msg #222121

What do they consider a discount price???? n/m

Reply by DHartley_PA on 11/20/07 9:41am
Msg #222122

Re: What do they consider a discount price????

They don't quote any prices. They want you to complete a form listing your current prices and the wholesale/discount price you would charge them. I think the question here is "what do WE consider a discount price?

Reply by Phillip/TX on 11/20/07 9:44am
Msg #222123

Re: What do they consider a discount price????

Well then my "normal" price would just increase so that my "discount" price is what I get for all my other closings.

Reply by Lee/AR on 11/20/07 11:13am
Msg #222141

Re: What do they consider a discount price????

How I've been handling this (subtitle) how to play their game:
Sure... I'll discount all closings over (an unreachable #) per month by (whatever). Put up or shut up.

Reply by ME/NJ on 11/20/07 9:48am
Msg #222124

I did this back in July, I did get 2 jobs right away but nothing since. One of the fell through because the client wanted a 1/2 million E&O policy.

Reply by Stamper_WI on 11/20/07 10:28am
Msg #222129

Tin cup request

Begging you for validation. Still the middleman with just a different way of inserting themselves in there
Fancy way of asking for a portion of your fees for next to nothing effort on their part. If you do this tell them they don't get paid unless you get paid.

Reply by Linda_H/FL on 11/20/07 10:29am
Msg #222130

Re: Another promising volume in exchange for a reduced fee

for the same amount of work and travel (or more sometimes)...

Reply by CaliNotary on 11/20/07 10:38am
Msg #222132

Doesn't even sound like they're promising volume n/m

Reply by Joan Bergstrom on 11/20/07 3:40pm
Msg #222186

They called me yesterday

The fellow who called said there would be aprox 20-29 in my area each month and docs would go to the borrower. I have heard this a few times over the years. I won't hold my breath.