The Mortgage Segment Is Like Venezuela … Those At The Top Are Doing Fine
The Mortgage Order Mills (MOMs) operate much like the government of Venezuela.
Venezuela celebrated Chavez” birthday with a $100,000 cake while the citizens starve. Nothing describes Venezuela more aptly than baking a 4 feet tall cake weighing 90 kilos (about 200 pounds) for Hugo Chavez’s birthday (a dead man) while the rest of the country starves and cannot find basic necessities. These are hungry Venezuelans protesting that their children are dying from lack of food and medicine and that they do not have enough water or electricity. As AgainstCronyCapitalism reports, this is a country with more oil than Saudi Arabia, and the government has stolen all th emoney and now they bottleneck peaceful protesters and threaten them with bombs (or haul them to prison and torture them).
The Mortgage Order Mills (MOMs) are paying mortgage inspectors about $3 for a mortgage inspection where the profit is maybe $1.50. These inspections normally require 7 photos. Expect to pay about $1,265 for a background check and insurance before you perform your first $3 inspection. The MOMs are eating cake (eating cake means making money) while the low-pay mortgage inspectors are starving and wearing out their cars.
The Mortgage Order Mills (MOMs) operate much like the government of Venezuela. Avoid mortgage inspections and Venezuela. Live a happier life.