For years, what I reported upon was labeled misinformation and outright lies by NAMFS members. The Order Mills throughout the dark, netherworld sections of social media private groups lectured Labor on how my content was unsuitable and how the Order Mills would protect Labor. Never mind that the Foreclosurepedia Nation had proactively chosen to hear my views, daily critique what I write via a reply to the Newsletter, and are comprised of a multi-faceted base of races, religions, and political views capable of comprehending what they read. The fact of the matter is that $135 Million of firms are gone due to my reporting; NAMFS Board Members have been bankrupted out; and some of their membership have been sent to state and federal prison.
Order Mills have been put in their proverbial place. Their ability to adjudicate what Labor should believe has been virtually stamped out do to their pitiful wages paid to a misclassified employee work base. And the simple and salient fact is that whether people love me or hate me, they DAILY READ what Foreclosurepedia has to say.
The de-platforming of Labor, for challenging the status quo, has only resulted in Labor going direct to the source — the Prime Vendors themselves. And regardless of the verbal gymnastics uttered in Olympian fashion by the neysayers whom have self appointed themselves as the ruling class have accomplished nothing other than self immolation. The reality, though, is that Labor is done with the self appointed messiahs and what few left whom worship at the Order Mill altar have finally decided to make the move direct to Prime Vendors. This is based, in part, upon ServiceLink’s release today of both price hikes from $7 to $8.50 per inspection, 15 calendar days to complete the initial inspections and 25 – 35 days for recurring inspections — these are NOT typos. And then yet another dollar per each and every order provided that the SLA is 95% or higher. Did I forget to mention that ServiceLink pays weekly including the bonuses?! And both window dates and non window dates are eligible for the incentives.
For orders with window dates assigned to them, the orders fall into 2 categories:
Initial Inspections — this is the first inspection at the property, or the first inspection after a gap of over a month with no inspections. On Initial Inspections, the Client SLA is to perform within 15 calendar days from the date the order was created (equivalent to the date we assigned the order to you).
Subsequent Inspections — these are the monthly re-occurring inspections. Subsequent inspections are compliant with Client SLA if performed within 25-35CD days from the prior inspection performed on the loan.
Extensions
All orders must be performed by the Client SLA to be considered compliant for the incentive. Approval of an extension does not change this. Extensions are still required in AssetShield if the order cannot be performed by the due date or performed within the assigned window dates.
Incentive Pay
At the beginning of each month ServiceLink will review all orders performed the prior month and determine if each vendor met the client SLA at 95% or greater. Window Inspections and Non-Window Inspections must be at 95% for the payout to be eligible. If the goal is met, then all completed inspections will receive an additional $1 payout and this will be paid via an adjustment. This will not appear on your AssetShield remittance, but SLFS will provide you with the work order details. Payment will be included your check the following week.
Here is what I am predicting based upon my airline luggage theory: Most other firms are going to roll with similar ServiceLink modalities — when one does it they all do it. Where the rubber meets the road, though, is how those SLA scorecards are interpreted. The reality is that it is pretty hard not to hit 95% unless you simply do not know what you are doing. And while the IAFST University has a great program for training up and certifying folks with verifiable and accredited digital certification under the Departments of Education and Labor’s CTDL framework at only $2.95 per module for IAFST Members, most of the Industry has stuck with their employee misclassification by training their own people.
The time is NOW to join the International Association of Field Service Technicians (IAFST). The changes you are reading about are due to the hard work the IAFST and Foreclosurepedia invest in Labor, day in and day out.
Regardless, 2024 is going to be the year of Labor. And I also predict that it will be the first year of major losses by Order Mills. This is based, in part, upon there is no way to prevent Labor from working with whom they want. And when Labor moves from an Order Mill or a Prime Vendor direct to another Prime Vendor, the contracts collapse. Moreover, though, the 60 days or so that ZVN Properties wants Labor to wait for pay and the recent loss of LoanCare and another major contract by MCS and its award to Guardian Asset Management is the writing on the wall that the Dark Ages of our Industry is now entering into a period of Enlightenment.
