A Guide to Pricing Matrix For Preservation Companies
Updated: Dec 14, 2019
If you are a contractor or a small/medium sized Preservation Company, often when looking for work from the bigger Nationals like Servicelink, Safeguard, MnM, etc. or trying to take more work from a new one to expand, you may have often had an need to know the Price list of the Preservation Companies before you tried taking their work. You may have also wanted to compare the pricing of each of these Nationals to see which one pays better. So here I have, tried to compile a guide with all the pricing for different Nationals as well as try to give a comparison for them.
Also at the end, I will provide links to detailed price list for each of the national property preservation companies as well as HUD Pricing Guidelines.
Grass Cut Pricing
In 2018, MnM Mortgage, made some changes to their grass cut pricing, they decreased their overall pricing for Grass cut. Here is a comparison of pricing between MSI, MnM and SandCastle.
MnM Grass Cut Pricing 2019 (Flat Fee)
MSI Grass Cut Pricing (25% Discount Applied)
Sandcastle Grass Cut Pricing (Flat fee)
Safeguard, has different pricing matrix for Grass cut depending on the type of vendor. For Grass cut Vendors, they pay somewhere somewhere around $28 to $35 flat fee (based on the rate they agree with the contractor) for upto an acre lot and 12 in Grass height. That is the lowest among all the Nationals. For PnP and REO the standard rate is fixed at $50 less discount. Below is the full breakdown for Safeguard:
Safeguard Grass Cut Price (2019)*
*The "Agreed Upon Rate" varies for grass vendors is somewhere around $28 to $35 flat fee, although some vendors have been able to get higher agreed rates.
For Servicelink, Assurant, and MCS Grass cut Pricing varies depending on the State. While for Wolverine Real Estate Services, pricing varies depending on loan type.
Below are Links to these Nationals Grass cut Pricing:
The amount that the nationals pay for Winterizations vary a lot between them. Safeguard for example pays $100/$150/$250 for Dry/Steam/Radiant Winterizations respectively, and this pricing is fixed no matter which State it is. Assurant on the other hand pays $70 to $100 for Dry Wint, $105 to $120 for Steam and $185 for Radiant Wint, the price variation for each type being the result of which State the property is in. Below are links for Winterization price lists for other nationals as well:
The Pricing for most other work such as lock change, boarding, shrub trimming, snow removal and debris that are under standard allowable rates are fixed. However, we did see that for some nationals they vary by a wide margin from the others. One example is Assurant. They pay $35 for Lockset installation, $18 for Padlock and Hasp, $30/CYD for Debris ($19/CYD for REO Debris) and $0.65/UI for Boarding. This rates are pretty low compared to what other nationals are paying.
Another national that pays low in respect to the others is A2Z. They pay $17/CYD for Debris Removal, Padlock Installation is $10, while boarding is at $0.55/UI. Most of their other allowable pricing for items such as lock change, capping, snow removal and winterization are also comparatively low than other nationals such as Safeguard, Servicelink, etc.
Below are full pricing lists of some of these nationals for you to compare:
Lastly, I hope this blog helps contractors understand the pricing matrix of these Nationals, hopefully it will help to decide for whom to work and for whom to not work. If you find this article helpful for your fellow contractors please do not hesitate to share! Also, unfortunately, I haven't been able to cover all the large preservation companies in this one blog. Some of the ones that I left were NFN, NFR, NRES, etc. If you need to know price list of these Nationals as well please do not hesitate to comment on the blog and I will be happy to reply.
We currently own price list of 25 Nationals, updated every year to accommodate any changes they make, along with HUD, FHLMC, FNMA and FHA pricing as well. If you need them, or price list any particular Nationals, please Contact us.
Zayed Ahmed, Founder and CEO of ASL Preservation Solutions, a BPO firm that partly provides Data Entry Services to Preservation Companies. Our aim is to go beyond just to providing processing services and to help the business grow for those we work for.