About Mortgage Segment Fraud

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The mortgage segment is the home of low-fee mortgage inspections and 99% of all of the fraud and the games in the industry. This week a Miami Mortgage Order Mill (MOM) and NAMFS member charged a mortgage inspector a $92 fine for being 1-day late on a $7 mortgage inspection. One of the NAMFS MOMs has a $250 fine policy.

The above survey from Foreclosurepedia.org shows a connection to the National Association of Mortgage Field Services (NAMFS). The keynote speaker at the last NAMFS conference was a magician who could make money disappear. He was quite entertaining. You would think that maybe NAMFS should be talking about combating fraud in the mortgage segment … a segment where they claim to be the leader.

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