For years, Foreclosurepedia has been on both the Front Lines and in the Trenches with respect to combating fraud, waste and abuse perpetrated by the now, nearly financially insolvent, National Association of Mortgage Field Services (NAMFS) led by Executive Director Eric Miller. The Mortgage Field Services Industry is in crisis right now. Miller and his cronies have been trying ploy after ploy to force Labor to continue to finance they and their all white NAMFS Board of Directors. Fact of the matter is that neither NAMFS nor their top level Order Mills like Mortgage Contracting Services (MCS), ServiceLink, Five Brothers or Safeguard Properties (SGP) have a reason for existence any longer.
The reality is that with platforms such as AllyConnect which connect the Portfolio Holder with the Contractor, there is no longer the need for archaic Order Mill infrastructures. In fact, the Order Mill does nothing other than collect up to sixty cents on every dollar for moving photos in and out of Property Preservation Wizard (PPW).
So, let’s talk about why a Contractor is sent out to a property with a Routine Grass Cut Work Order and the grass is five feet tall? More on point, while that Contractor is there s/he views two doors wide open and three windows broken, they are told to take a million photos; bid everything; and miss nothing as they are responsible if they do. The simple answer is that the portfolios which NAMFS Order Mills roll out are not dissimilar to the high school cheerleader in the locker room — think Heather Berghorst, the former and disgraced NAMFS Secretary. You see, when the portfolio initially rolls out, folks like Safeguard Properties milk every last allowable out of them — whether the services are really done or not is a contentious point. So, after SGP gets their money and say Midland Mortgage is tired of their incompetence — yes, Midland just fired Safeguard Properties right before the NAMFS Annual #FraudFest — that portfolio is farmed out to another bidder whom says they are capable of doing the entire volume for just a little bit less. And the process continues, unabated, ad nauseum.
The work order flow, under the rollout for this Client, is deserving of an article unto itself! Look, as opposed to the Bid As You Go (BAYG) work flow wherein Labor performs thousands of dollars in bids and ponies even more in up front expenses for Order Mills, these work orders roll out with all Allowables listed. As opposed to unanswered phone calls and bids which lag for weeks and are generally sold to the Friends of Asset Managers, a call from site gets an answer in minutes! More on point, the tires, paint and hazardous chemicals removed from virtually all Wells Fargo trash being pimped out by NAMFS Order Mills, these pay and are included in work order allowables!
So, do I have your attention now?! Look, it isn’t rocket science onboarding a good portfolio and marrying Labor to it. Here is a fact: This Client is putting Labor back to doing what they do best which is doing work in the field. After onboarding, the Contractor receives their work orders through PPW; performs the work order within PPW; and transmits their results through PPW. Seamless. Pay is either direct deposit or via paper check. As opposed to sending armies of Contractors out for multiple bids, this is Cradle-to-Grave (C2G) work flow. Based upon the valuation of the property and based upon the rehab items submitted, the Contractor will be awarded any rehabs authorized upon the property provided that they possess the proper licensing.
If the above sounds like something you are interested in; if you are tired of paying NAMFS Order Mills to receive work from them; fill out the form below and the Client will reach out directly to you. They will include a Price List in in the initial Contact Email. This is Contracting the way it should have been all along.
Apply Now For National Portfolio Work
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