Posts by Richard Law

Extreme Vetting … Stay Out Of Trouble In The Mortgage Segment


I served as a Naval Flight Officer in the Navy and collected radar and signals intelligence on selected foreign countries. I was vetted before I entered the Navy and I was vetted throughout my twenty years in the Navy. I was vetted when I worked for eight years for Computer Sciences Corporation and E-Systems. When I was in the Navy, investigators would talk to the people I worked with and they would visit my neighborhood and talk to my neighbors asking about me, my wife and my children. I was polygraphed at the National Security Agency (NSA) in Fort Mead, Maryland when I worked at E-Systems. I guess you could say that a polygraph was extreme vetting. I had no problem with the extreme vetting. It come along with my job.

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Mortgage Inspections Have Aged Badly Over The Last 25 Years … They Pay Less Today … With More Requirements


Mortgage inspections have not aged very well. A drive-by mortgage inspection pays less today that it did 25 years ago. My inflation calculator says a mortgage drive-by inspection should pay at least $11 … much more in rural and high-crime areas. Today the average fee is $3.

Think of mortgage inspections like Hollywood actors who have not aged well over the last 25 years. Mortgage inspections paid more 25 years ago … without all of today’s photo requirements. Today the average mortgage inspection pays $3 and requires about 7 photos. You may have to climb a fence to get those required backyard photos. An inspector emailed me this week about getting a $250 chargeback from a Mortgage Order Mill (MOM) on a job from 2014.

Get that required back of the house photo. Rocky is hiding behind the shed and waiting for you. Or, maybe you have walked into the club house backyard BBQ of the “L-Street” gang.


What would Hitler think of $3 mortgage inspections?

Mortgage Inspector Sued As Co-Defendant … 1.4 Million Dollar Legal Action


The mortgage inspector … working for a failing Mortgage Order Mill (MOM) … was paid $5 to visit a foreclosure property. She submitted photos showing activity … probably party or gang activity … at the vacant property. The property burned to the ground. The vacant property next-door caught fire and burned to the ground. The owner of the next-door property had no insurance … hence the 1.4 million legal action. The $5 mortgage inspector is named in the legal action as a co-defendant. The case is pending.