What will you be doing ten years from now? What exit (mortgage inspections or commercial inspections?) will you be taking to get to the future?
You can live in the past with mortgage inspections. Today, mortgage inspectors pay about half of what they earned ten years ago. Ten years ago mortgage inspection fees were much higher. Most inspections required no photos ... you were trusted. You were paid $1.50 for Polaroid photos. The firm you serviced provided all of the data processing ... inspectors did not perform any data processing. Your evenings were yours to spend time with your family and enjoy life. Today, the national mortgage field service firms demand more for a lot less in pay. Some firms want an many as six FREE photos for every property inspected. Why all the photos? The reason is that there is no trust ... inspectors can not be trusted by the national field service firms. Can you trust Brian T. Moynihan, the CEO of Bank of America?
I'm sure this downward trend in mortgage inspections will continue for the next ten years. You will be paid low fees and you will not be trusted. More photos will be required. More work for less pay ... more personal liability for less pay. Where will you be in ten years? Will you still be on a sinking boat and bailing water?
Decide today that you are going to explore commercial inspections. The sweet spot is commercial insurance loss control control inspections and commercial loan underwriting inspections. David in Connecticut completed a 3-day seminar in March 2011 and a few weeks later completed his first $300 Holiday Inn underwriting inspection.
Call Richard Law at 352-449-1041 (east coast) if you would to chat about opportunities in the commercial segment of the industry. Aim high!
What will you be doing ten years from now? What exit (mortgage inspections or commercial inspections?) will you be taking to get to the future? Will you be taking the low-fee exit or the high-fee exit? Your success in life depends upon the decisions you make. Make great decisions.
Comments