Welcome to the Mortgage Horror Blog.  The Mortgage Segment of the industry is the home of 99% of all of the problems in the field services industry. The field services industry offers some great opportunities in the commercial and insurance segments. The purpose of this blog is to identify the problems in the Mortgage Segment and to separate the problem-plagued Mortgage Segment from the better segments of the industry

The Cold Hard Truth About Driving for UBER

Driving for UBER is a lot like performing those $3 mortgage inspections that “maybe” have a profit of $1.50.

The UBER driver writes:  With Uber expenses, vehicle expenses, and vehicle depreciation of 15,584…not only did I not make money but I lost almost $4,000. So why did I continue to Uber? Honestly, I had no clue that it would be such a large financial loss. I figured I was at least making minimum wage. After crunching the numbers, though, I know this isn’t at all true. I wish I would have taken a part-time remote home job as I would have made over 10,000 and have 16,000 fewer miles on my car.

Read the article about driving for UBER.

Someone … please show me … document all of your income and expenses … how you are making money with the $3 mortgage inspections. Be sure to include vehicle depreciation.

CBO Forecasts Another 10 Years Of Economic Growth Without A Recession

All of the Mortgage Order Mill pigs are dying as the economy grows. Another ten years of growth will create record lows for mortgage inspections and property preservation. More and more Mortgage Order Mills are on life support. Avoid the mortgage segment and live a happy life.

The Mortgage Order Mills are pleading for field service representatives to come back to them. Don’t do it!

Most Common Reasons For Leaving A Mortgage Order Mill Paying Low Fees

Don’t say you are quitting because the pay is low. Don’t say how rude and uncaring they behave. Be nice. Be polite as you want to get paid for the last unpaid work you completed. Find a great excuse and make it believable. Try one of these!

Jury duty for 90 days … vehicle stolen … fell and broke a hip … wife took a job in France and moving … took a job as a secretary in a law office!

Mortgage Order Mills May Soon Be Hiring Felons And Drug Addicts: Beige Book

The average mortgage inspection pays $3 with a profit of “maybe” $1.50. Higher gasoline prices are driving more mortgage inspectors out of the mortgage segment. So who will fill their shoes? Will the mortgage segment eliminate the requirement for background checks? I expect that could happen as the economy continues to grow.

Incidentally, this reminds us of what a Beige Book last April found:

One respondent said that during a recent six-month attempt to add to staff for a new product, two-thirds of applicants for assembly line jobs were screened out before hiring via math tests and drug tests; of 400 workers hired, only 180 worked out.

One year later, with nothing changing, and nobody willing to pay more for labor, resourceful employers found a way to bypass the negative effect of labor shortages: avoid the drug tests and background checks altogether, and just hire criminals and drug dealers.

Foreclosurepedia … NAMFS Is “OUT” & “IAFST Is “IN”

Foreclosurepedia reports that the backstory on NAMFS is one of sadness; the story is akin to the dying carnival workers whom are hocking everything, including the tent itself, in hopes that no one will realize that the painted clown is not sad due to the makeup, but due to their insignificance in the modern world today.

Foreclosurepedia reports that Miller’s One Hundred and Twenty Two Thousand Dollar a year salary, consuming over Eighty Five Percent of all NAMFS Member dues, now is becoming a liability for the nearly financially insolvent trade association, NAMFS.

NAMFS posted a NEGATIVE $47,283 as revenue for Fiscal Year 2015
NAMFS earned $493,036 and spent $540,319 — That is $47,283 more than they earned
NAMFS provided $84,000 in compensation to “…disqualified persons as defined under section 4958(f)(1) and persons described in section 4958(c)(3)(B) by the Internal Revenue Service (IRS).”
NAMFS Membership Revenue declined by $41,340
NAMFS Program Service Revenue, their lifeblood, dropped by $71,36
NAMFS Total Assets dropped another $56,661— NAMFS Cash On Hand is now $27,403