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Strange request I guess
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Strange request I guess
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Posted by Ali/IL on 2/4/11 12:11pm
Msg #371572

Strange request I guess

Got a call from Servicelink to do a loan mod. I said no because of distance and, they won't pay me more. Then I received a call from Hale Documents Services for the same town and a loan mod. I thought could it be for same borrower since Servicelink couldn't get anyone could lender have called Hale?
It took a day to get confirmation. And, it is from Servicelink. It names Hales on it along with me.
This is the first time that I have seen this. And, hale is getting their share of course.


Reply by Lee/AR on 2/4/11 12:15pm
Msg #371573

Happens all the time... lots of different co's/VMs/SS. Always makes me wonder what on earth they are thinking.

Reply by Ali/IL on 2/4/11 12:19pm
Msg #371574

They could have just offered me more versus going through that trouble.

Reply by Mary Ellen Elmore on 2/4/11 12:37pm
Msg #371580

My thoughts exactly--I have seen a few times where I turned a SS down and then another will call and the confirmation names the original SS.

Why not just go ahead and offer us a bit more? Bet their profit margin would be more if they just did that instead of putting another company in the middle!

Reply by BobbiCT on 2/4/11 12:49pm
Msg #371584

Share the wealth ....

Merely conjecture, but here's an interesting FICTITIOUS scenario:

Sister Sally works as a scheduler for National Widget, she calls around and Betty is the closest NSA, but wants XXX not XX as a fee. Sister Sally makes a few more calls with in the time alloted to "fill the assignment." No NSA takes the low XX. National Widget has a contract with Home Schedules that after National's employee scheduler makes XX calls, the scheduler turns the assignment over to Home Schedules to find an NSA and fill it at a fee with maximum budget amount paid to Home Schedules (which is more than the direct NSA fee offered through National Widget).

Sister Sally calls her Sister Sue at Home Schedules and turns the assignment over to her, letting her know that Betty will take the assignment for XXX. Sister Sue makes one call: to Betty, who takes the job at her original fee quote. If Home Schedules makes one call, whatever it receives above the NSA is still more profitable that making ten calls.

Everybody's happy! National Widget receives same XXX from title/lender. Sister Sally gets paid for making X calls with no results. Sister Sue, paid by filled assignments, and HomeSchedules gets a piece of the profit pie and employer thrilled how fast she can find an NSA to take the assignment. Because Sister Sue is able to fill the assignment so quickly, National Widget is delighted that when they can't fill the assignment in-house, the outside contractor can do so instantly. Lender/title happy: assignment filled (they don't care who or how). The NSA gets the original fee quote. If you can pass a share of the profits on to employ a relative, BFF or ABF, just do it.


Reply by Cari on 2/4/11 1:13pm
Msg #371589

well, you pretty much summed it up..excellent post Bobbie! n/m

Reply by S Peterson on 2/4/11 2:54pm
Msg #371600

Re: well, you pretty much summed it up..excellent post Bobbie!

Had that happen to me recently, but the SS that ServiceLink utilized didn't pay like ServiceLink. It was a bear getting paid. Finally had to resort to threatening to ask VM why are they using this no-pay so and so. I was eventually paid.


 
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