The mortgage segment of the field services industry is loaded with fraud. About 99% of the fraud is concentrated in the mortgage segment of the industry. Foreclosure inventory is at a six-year low. Less foreclosure volume is leading to more fraud as a way for greedy firms to maintain revenue and profits. Many firms are greedy and they will do whatever it takes to make more money.
You’re not going to make any money performing $3 mortgage inspections. But, you can make millions or tens of millions in less than six months by infiltrating mortgage field service firms and documenting fraud in the mortgage segment of the industry. Learn about the “False Claims Act”. The Government wants to give you money to document fraud in the mortgage segment.
The False Claims Act (31 U.S.C. §§ 3729–3733, also called the “Lincoln Law“) is an American federal law which allows people who are not affiliated with the government to file actions against federal contractors claiming fraud against the government. The act of filing such actions is informally called “whistleblowing.” Persons filing under the Act stand to receive a portion (usually about 15-25 percent) of any recovered damages. The Act provides a legal tool to counteract fraudulent billings turned in to the Federal Government. Claims under the law have been filed by persons with insider knowledge of false claims which have typically involved health care, military, or other government spending programs.
Let me tell you about a recent Government prosecuted fraud case. There was half-a-dozen people working in a mortgage Order Mill in Tampa who were aware of over $12 million dollars in fraud against the U.S. Government. Any one of these staff workers could have filed a claim under the False Claims Act. None of the staff workers took any action. The Government payoff to the staff whistleblower would have been about $2.4 – $3.0 million dollars. But, no one came forth and reported the fraud under the False Claims Act. A terminated staff employee reported the fraud to law enforcement, but did not follow the provisions of the False Claims Act … hence there was no Government payoff to the whistleblower.
Going undercover as a staff employee and documenting fraud in a large national or regional mortgage field services firm can have a huge payoff. The Government often pays 15% to 25% to the whistleblower in a fraud case where the Government is damaged. Work for a firm committing fraud, document the fraud, file a case under the False Claims Act and let the Government reward you with perhaps millions or tens of millions of dollars. Talk to an attorney specializing in the False Claims Act and learn all of the ins and outs of documenting and collecting evidence to prove a case of fraud. The Government wants to give you large sums of money to report fraud. Research the False Claims Act, talk to an attorney specialist about documenting fraud, sniff out a greedy mortgage field services firm that is committing fraud and get a job on their staff. Document the fraud and start counting the reward money.
There is money to be made in the mortgage segment as a staff whistleblower. Sniff out a large national or regional mortgage field services firm committing fraud and join their staff. Work with an attorney and document the fraud. Let the Government pay you millions or tens of millions for your help in sending the bad greedy people to prison.
Mortgage Horror … SOFI, Inc. Published 