Inflation is here. Prices are rising. Mortgage inspection fees are lower today than there were 20 years ago and they are a lot more work with expensive insurance requirements. Today you can get a 2% high yield savings account at Citizens Access. I love a little bit of inflation. But, inflation is killing the $3 mortgage inspector who maybe earns $1.50 while wearing out their vehicle. Higher inflation is expected. Run away from mortgage inspections.

Mortgage performance seems to be sliding past the metrics measuring the world prior to the 2008 housing crisis and is now setting new benchmarks for the 21^st Century.  Black Knight, in its first look at June loan data, says some indicators of loan distress are the lowest since the end of the dot.com recession. How much lower can mortgage delinquencies go?

Black Knight says they are at 17-year lows. Most of the mortgage inspections have dried up. What is left still averages about $3 with a profit of maybe $1.50. You will need to purchase a $1,200 insurance policy and maybe wait 60 days for the first pay check. You may work hard and not get paid. The scams are plentiful in the mortgage segment.

Many of the Mortgage Order Mill pigs are on life support.

The National Association of Mortgage Field Services (NAMFS) is in a world of hurt as volumes tank and regulations begin to be enforced. Eric Miller, NAMFS Executive Director, also appears to be on the outs like a bad episode from The Wire. Miller, whose OVER ONE HUNDRED AND TWENTY THOUSAND DOLLAR ANNUAL SALARY has been unable to even keep what few Members he has let alone add new ones. And as Miller’s salary now consumes over EIGHTY SIX PERCENT of all NAMFS member dues, the reality is the jig is up.

Membership is down. That means more coffee and donuts for us. I know everyone now and they are all Facebook friends.

Run away from the low-fee mortgage inspections. You may not get paid for your hard work.

A homeowner security camera took a photo of this car thief and it was posted it on NextDoor.com for the whole community to view. A copy was forwarded to local police. The tattoo is very distinctive. This person will soon be eating prison food and wearing an orange jumper while picking up trash on the side of the road. This stupid thief should have at least worn a long sleeve shirt.

Cameras are everywhere today. Peep into a house window or door in Virginia and get caught on video and you will be arraigned before a judge who is not sympathetic to people looking into windows and doors to determine occupancy. Try to explain to the judge your right to enter backyards and look into windows. Why would anyone enter a private backyard when the profit on a 7-photo mortgage inspection is about $1.50?

You need to run away from low-fee mortgage inspections.