4 ms·
> I was like: you guys should've FedEx'd me this in the first place. For all they knew, I wasn't getting their emails or letters in the first place because noth
by irjustin 3y ago
> I was like: you guys should've FedEx'd me this in the first place. For all they knew, I wasn't getting their emails or letters in the first place because nothing had been sent signature required.
I love the scream test, but the analogy you bring up actually - this seems unfair. The cost of Fedex'ing everyone is astounding (for many businesses).
But I like the concept. Definitely a sort of "shut off the server for like an hour" and then see who yells.
Phone calls for any account that still operating on the location.
100% agreed 3 emails is... hardly anything.
- hoffs 3y agoThe price doesn't matter in this analogy since it still mostly works
- js2 3y agoThe point of the story was that if you have something critical to communicate, you can't do it using the same methods that are also used for low-priority mostly junk and expect it to be acted upon. Surely a mortgage servicing company can afford to FedEx an envelope. I wouldn't expect Influx to do so.
- tracker1 3y agoFor that matter, registered mail is another option that isn't as expensive as fedex... there's other options that are slightly more costly, and more noticeable than sending via the same structure that junk mail goes through. I expressly don't use automated payments for my mortgage and auto loan(s) as I don't want to have an account miss... I didn't know my mortgage was sold/changed a couple months ago until I went online to change. The same happened with an auto loan a few years back as well.
- jacquesm 3y agoWhen you buy a large, registered debt such as a mortgage the cost of Fedex'ing everyone should be factored into the sale. If that's too much money you shouldn't be buying such assets. Notifying those that are affected properly would seem to be the least you can do in such situations.
- dawnerd 3y agoExactly and they’re find sending junk mail all the time and FedEx isn’t that expensive for large businesses like that.
- mschuster91 3y agoAt least here in Germany junk mail senders actually get reduced rates.
- rvba 3y agoAt the end of the day you are the one who pays for the fedex though.
- jacquesm 3y agoNot really, no. Mortgage payments are interest and principal, not administrative fees beyond what you paid when you signed the original contract.
- sokoloff 3y agoWhatever costs are imposed broadly an industry are covered by customers of that industry. If mortgages are more costly to buy, they’ll be more costly to originate.
- dmurray 3y agoThe consumer doesn't bear 100% of the costs though. If mortgages cost $1mm to buy, they wouldn't cost $1mm to originate. They'd cost a little extra by being illiquid - the same amount as if they cost $2mm to buy.
- rvba 3y agoThe consumer nearly always bears 100% of the costs - because most companies sell at a profit. The final price is a combination of all costs incurred + a profit percentage imposed on the consumer. If all customers would receive fedex mail, then the costs of this fedex would be pushed on them somehow. Probably by making them pay slightly higher interest rates or by introducing some one off handling fee.
- Rebelgecko 3y ago>I love the scream test, but the analogy you bring up actually - this seems unfair. The cost of Fedex'ing everyone is astounding I wouldn't be surprised if the cost difference is negligible, maybe a couple bucks per mortgage? FedEx bulk discounts can be pretty massive
- deleted 3y ago[deleted]