AMC merger. Let the games begin.
Valued Appraisers,
As you know, Apex is in the process of merging with Value Trend Solutions, another great appraisal management firm. As part of that process, we’re revisiting all of our policies and procedures to make sure we are operating as efficiently and effectively as possible. We’re also reaffirming our commitment to being the most appraiser friendly company in the industry.
With that in mind, we’re altering our appraiser payment policy to get the fees you’ve earned into your hands faster. Traditionally, Apex has cut checks weekly, but those checks pay files completed 30 days prior. Here’s the new policy:
Ø There will be 2 paychecks per month – one on the 15th (or last business day preceding) and one on the last business day of the month.
Ø The 15th paycheck will encompass orders completed from the 16th of the previous month through the end of the previous month. For example, the January 15th check will cover orders completed from December 16th – December 31st.
Ø The last paycheck of the month will encompass orders completed from the 1st of the current month through the 15th of the current month. For example, the January 31st check will cover orders completed from January 1st – January 15th.
Effectively, we’re shortening the payment cycle from 30+ days to 15 – 30 days. It’s true that there will be fewer checks per month, but those checks will be larger and will cover more recently completed files. For those of you who currently work with VTS, this is the payment policy they already employ.
Apex will be sending out a check today (January 4th) on its normal pay cycle. However, the next check will be cut on January 15th and will cover all files completed through December 31st. Also, please note that it is possible that you will receive check from Apex that pays files completed for VTS (or vice versa). This is completely intentional, and you may deposit the check as you normally would.
Once again, thank you for taking this journey with us! We’re completely committed to being the most appraiser friendly company in the industry, and we’ll continue to lean on this commitment as we consider future
Valued Appraisers,
As you know, Apex is in the process of merging with Value Trend Solutions, another great appraisal management firm. As part of that process, we’re revisiting all of our policies and procedures to make sure we are operating as efficiently and effectively as possible. We’re also reaffirming our commitment to being the most appraiser friendly company in the industry.
With that in mind, we’re altering our appraiser payment policy to get the fees you’ve earned into your hands faster. Traditionally, Apex has cut checks weekly, but those checks pay files completed 30 days prior. Here’s the new policy:
