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I recieved my check from NREIS today.
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I recieved my check from NREIS today.
Go Back to February, 2010 Index
 
 

Posted by Shoshana/AZ on 2/11/10 2:55pm
Msg #322432

I recieved my check from NREIS today.

The post mark indicates that it was mailed when they said it would be.

Reply by Alz on 2/11/10 4:00pm
Msg #322436

Congratulations! Let's see if others will be celebrating too n/m

Reply by Riley/FL on 2/11/10 4:07pm
Msg #322439

How long did it take you to get paid? I did 4 for them last month.

Reply by Shoshana/AZ on 2/11/10 4:16pm
Msg #322441

These signings were for the latter part of December up through New Years Eve. Check was dated Jan 15, 2010 and mailed out on Feb 5th.

Reply by Moneyman/TX on 2/11/10 5:41pm
Msg #322455

Cut on 15th then held for nearly 3 weeks??? mmm n/m

Reply by Lee/AR on 2/11/10 5:54pm
Msg #322457

They've been doing that just recently.

To me, that's a red flag flapping madly.

Reply by Moneyman/TX on 2/11/10 6:09pm
Msg #322461

I agree. Bigtime flag for cashflow issues. n/m

Reply by CF on 2/11/10 7:39pm
Msg #322473

They called today cash-edoc- purchase $50.00- no lie!!!

Take that as a warning sign too!!!!

Reply by Claudine Osborne on 2/11/10 7:49pm
Msg #322476

Re: Still waiting on payment from Dec. N/M n/m

Reply by Shoshana/AZ on 2/11/10 8:17pm
Msg #322477

I think you might have misunderstood.

Have you worked for them before? If so, you must know that it was probably for a BOA loan mod. They pay at least twice that for an edoc loan signing.

Reply by jba/fl on 2/11/10 8:19pm
Msg #322478

Re: I think you might have misunderstood.

Perhaps not - now paying $45 for loan mod

Reply by Shoshana/AZ on 2/11/10 8:28pm
Msg #322481

She said $50 for an edoc purchase not a loan mod. n/m

Reply by jba/fl on 2/11/10 8:50pm
Msg #322485

I can read...I said loan mod now $45, not $50 n/m

Reply by CF on 2/11/10 8:35pm
Msg #322483

I did not misunderstand anything about the offer....

and my post was clear too! I have worked for them many times in the past and I have never been offered anything like this.

Reply by desktopfull on 2/11/10 8:47pm
Msg #322484

That's what they are offering for a cash purchase, edoc- but

it's usually only 4-8 letter size pages, no fax backs, no loan docs. The buyer is signing the warranty deed and a couple of other transfer papers. Usually 4 signatures & 2 notarizations.

Reply by Shoshana/AZ on 2/11/10 9:10pm
Msg #322489

That's quite a different story. n/m

Reply by Moneyman/TX on 2/12/10 1:48am
Msg #322523

Shoshana - If SA's stick to their fees, they pay much more

than "... at least twice that for an edoc loan signing." Smile

They meet my fees and they have 3 digits (before the decimal point) and do not end in two zeros. -- For an e-doc loan pkg closing. It may just be me, but I would rather do 2 closings rather than 4+ to make the same money. But that's just me, Smile

Remember, we are all in sales as well and in sales, you get what you ask for. If you discount your fees, then you have received what you asked for. Big Smile

IMO, the recent timely (or lack thereof) payment issues with NREIS points to a possible internal cash flow issue. They may have actually been attempting to find a SA to accept the job for that low of a fee.



Reply by Shoshana/AZ on 2/12/10 7:23am
Msg #322541

Re: Shoshana - If SA's stick to their fees, they pay much more

A bunch of years ago, while I was still in CA, NREIS had cash flow problems. However, everything got straightened out.
What NREIS pays often depend upon how many agents they have in an area. The law of supply and demand comes into play.

Reply by JanetK_CA on 2/12/10 12:18am
Msg #322518

Could it have been a cash purchase, no loan docs?

I've done a few of those before. Pretty easy - at least here.

Reply by JanetK_CA on 2/12/10 12:19am
Msg #322519

Oops. Wrong place. This was meant for CF. n/m

Reply by CF on 2/12/10 9:25am
Msg #322548

Hopefully, 3rd times a charm.....it has nothing to do

with package size. It is a purchase closing. You need to realize that this is a billion dollar per day business.....and not sell yourself short. I can guarantee that the TC got paid out a full fee and the Realtors got paid out decent commission....why screw me....the notary that gets everyone their cut, including, the bank that just unloaded the property. Remember that link the other day....my oh my...the banks are making out!!!!

I do cash-purchase closings all the time....and get almost 3 times that fee. A cash deal can, almost, take longer that a full package purchase. (which I do many of those too) Realtors are late, buyers do not have funds, the water bill has not been paid, there is no property transfer affidavits.....the list goes on and on to eat your profitability away!!!! Yes, there are times that they last 30 minutes and some 15 minutes...but those are few and far in between and that makes up for the other BS we have to put up with on a daily basis. IMO


Any agent that thinks $50.00 for a purchase closing is acceptable is way off base; and that is all I can say. It is obvious that anyone agreeing to that fee is trying to get their feet wet and take stab at some purchases.

Reply by JanetK_CA on 2/12/10 6:19pm
Msg #322609

Re: Hopefully, 3rd times a charm.....it has nothing to do

Cash purchases are a different thing here in CA because we don't do table funding. Since there are no loan docs, it's a very small package and can be done quickly, with few of the other issues involved. I still wouldn't want to do one for $50, but here it's closer to doing a modification than a full loan signing, ime. You would think, though, that they'd take into account the regional differences, but I guess that's dreaming... Wink


 
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