Mortgage Inspections Have Dried Up … Believe It … Bank Layoffs Continue
Bank of America has announced that it will be cutting about 100 jobs in its headquarter city of Charlotte, North Carolina, with the majority of those jobs coming from the department that handles troubled mortgage loans. READ MORE >>>>
The mortgage segment is the home of $3 mortgage inspections and 99% of the fraud in the industry. Too many mortgage field inspectors are chasing fewer inspections … such competition leads to even lower fees … lower than $3. Don’t wear out your car making a small $1.50 profit on a mortgage inspection. Be smart!