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NREIS
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Posted by zebbienc on 6/28/11 10:21am
Msg #388016

NREIS

I just declined an assignment for later today based on comments about late payments on Signing Central....Does anyone have positive comments about being timely? Thanks

Reply by JandB on 6/28/11 10:32am
Msg #388017

I always accept their assignments knowing it will not be paid for at least 90 days. I know many here will object and I know it is a problem but the checks do eventually come in (usually after I send an e-mail or two). I keep good records an my pipeline is full enough that I am not hanging on every check and can deal with a few slow payers. You'll have to make this call yourself based on your own tollerance. I don't take prime time work from them but use them as a filler. Their account is currently paid in full. I also turn them down if they owe me more than $400. My dealings with them has been profitable and will continue.

Reply by hp/MD on 6/28/11 10:35am
Msg #388018

I am working with them again at my pace, at my fee. I get paid about 60 days. Most times they will not accept my fee. Earlier this year I did a refi for Mid XXX and got paid in 65 days.

Reply by CJ on 6/28/11 10:44am
Msg #388020

I have always been paid.

They do take a long time, but they do pay. Sometimes the work order really falls through the cracks, but if I can get a live person on the phone and they verify the job order number, they will send me the check. I am not afraid of taking their jobs.

Reply by Jessica Ward on 6/28/11 1:53pm
Msg #388056

I always get my fee met, but....

Payment always takes 90 days now, so I haven't taken work from NREIS in several months. They used to be like clockwork and payment within 30 days. They have just changed their AP aging policy, and I don't like it, so I choose not to work with them. If you don't mind waiting 90 days, their staff, in my experience, is organized and professional.

Reply by cremevette on 7/7/11 3:16pm
Msg #388946

I am finished with them as well. Because someone did not close out an order correctly (at NREIS), a job I did for the on March 8th is still unpaid. I called 5/26 inquiring about payment, they waited to process it until 6/15, and then the accounting department has about a 45 day cycle from then. I "should" get payment by the end of July. That is nearly FIVE MONTHS and I can't run a business that way. The two closings I get from them a month is not worth waiting that long. And that's only one job! I have 2 for May, 2 for June and 1 for July that are outstanding. They didn't seem to have any qualms about removing me from their system. Good riddance. Companies run that poorly usually end up stiffing the independent contractors in the end anyway.


 
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