Most of the people stating they are not paid, are not waiting long enough to find out. These are people who are used to working 9 to 5 jobs as employees. We cannot force people to read the Pay Policies, but they are there, easy to find on our website, in the Back Office.
This is contract work, business to business. The national average for Regional companies to pay for inspections is 55 to 75 days. But once it starts it remains consistent. Most Regional companies may wait up to 4 to 6 months to get paid by their clients. It's been that way for the past 50 years or so. But it's consistent. Our clients pay us at least once a month but its for the work we completed several months back. That's just the way it is. For contractors, once the deposits start, they keep on coming. They just have to understand, you do the work and then an invoice is created. Invoices are paid at 30, 60 and sometimes even at 90 days for some companies. But they are all paid.
This industry is not only legal, but required by law. Especially with the passing of the Dodd/Frank bill 6 years ago, Mortgage companies are required to send someone to a property if the payments are over 2 months behind. Our government is very much involved in the Mortgage Field Services industry, even making it a requirement for a verifiable background check.
As for being accredited, there is no such accreditation in this industry. I've never heard of any business being an accredited business, except for a business license. No licensing exists in this industry.
As for our company only being around since Oct 2012, that is in name only. We changed our name from Texoma field Services to NMFS. The CEO of this company has been completing inspections since the exit of his military service back in 1983.
As for making a profit, just as any business owner, you have to be good at finances and organization. If you were a dog groomer and only had 1 dog a month, that business is not going to do so well. For our vendors we only represent 1 of their clients. As a business, you have to have more than 1 client. You have to be an entrepreneur. If a person is more in-tune with a 9 to 5 job, they should stick with that.
Answered by National Mortgage Field Services
Yes, this company is a scam I worked for over 90 days and still have not received a paycheck yet. I emailed the CEO and HR several times they just blocked me from emailing them, please stay clear from this company I wasted over $100.00 for a background check and keys.
I agree this sounds like a scam. After doing some research I found that they are not an accredited business and have only been around since Oct. 2012. It's odd that there some current employee reviews that have said they have been working there longer than when the business first started. Whether it's a scam or not the expenses still seem to out weigh the amount of pay they say they can offer which is insane to think of any working for their competitors who pay half of that. Full-time or part-time there absolutely seems no way to make any kind of profit.