I got a survey request from Title Source, Inc. this last week and was told that we were given the job. Next email from them was a requirement to sign their however many page long service contract that didn't look like something that I would want to sign. Sure smells like a survey broker or at least with the initials JPMC that keeps coming up in their contract, maybe like a division of the JP Morgan Company? Anyone have any experience with these folks?
Title Source, Inc. is part of Quicken Loans
Reply with your contract back to them and require them to sign it.B-)
I would check with your State Board before I would continue any further.
Here in NC, it is illegal to advertise surveying services unless the company holds a surveying license in the state and has a resident surveyor.
I've reported companies before and it has caused the company to cease contracting work in the state. Also, many times their contractual requirements are in violation of Board Rules.
I have had no regrets in working with them.
They started asking to sign the agreement about 6mos ago.
They are a middleman operation between buyers and the loan company that takes care of the little details and coordinating the events from ordering a survey to closing.
They furnish the surveyor with whatever they can get their hands on.
They pay 30 days after receiving an invoice.
They pay whether a property closes or not.
They pay a fair amount without haggling.
They insist upon a timely turn around.
Call the number on the email and she will answer all your questions.
:good:
A Harris -
We talked with the very nice lady from TS this morning and told her that we would not do the work if we had to sign their agreement. She told us that it was not their agreement, but the agreement that one of their suppliers sent out and it was not necessary for us to sign the agreement to do the work. She also told us everything else that you mentioned and looks like we will be working with them. Thanks to all who responded.
I saw a deal once where it seemed like a simple update.
However, there were several parties involved in the financing.
Each wanted to be guaranteed the survey. They did not like
the idea of multiple payment.