SOFI Blog

Craigs List Advertisement For Two Dollar Mortgage Inspections

READ More ... What do you think about these $2 mortgage inspections? Pay is monthly! Gas is $3.99 at the Flying J in Bakersfield, California. Will mortgage inspections go lower?

SOFI Can HELP You Get Started ... Call Us!

Mortgage Inspections Trending Down To $2.75

Roger said that his mortgage inspection customer cut the fees paid on mortgage drive-by inspections from $3 to $2.75. He said he was not making money at $3 an inspection and now he is getting $2.75 inspections. 

The bank servicers are making a lot of money ... look at the rising stock prices of LPS, Core Logic and others. Stocks increase when earnings increase. Let me say this again, the bank servicers are making a lot of money - their stocks are flying off the charts. If you held Core Logic stock for the last 12-months, your investment would have increased by 300%. A $10,000 investment would have grown to $30,000. WOW! Be sure to get professional advice before you invest.

Out-Of-Date Field Inspector Listings DELETED From Our Directory

Today we DELETED 875 field service representatives from our National Field Service Directory as they have failed to provide a listing update in the last twelve months.

Where do you stand with updates? Update your listing at www.joinsofi.com.

 

SOFI Supports Smile Train

The Problem

Every year more than
170,000 children are
born with cleft lip or palate.
Most can't afford surgery.

Smile Train ... The Solution

The world's largest cleft charity
where a simple 45 minute surgery
that costs as little as $250, can
change a child's life FOREVER.

SOFI made another contribution this week
along with two matching supporters. Three
children somewhere in the world will now
be able to have this important surgery.

Visit www.smiletrain.org

Bank Of America Is A Winner ... At Least In The Stock Market?

Bank of America stock was up 21.50% in the first 14 days of September. If you invested $100,000 on September 1st, you would be up $21,500 in just a couple of weeks. Warren Buffet and Donald Trump own Bank of America stock.

Bank of America is focusing on buildings its core business. Expect it to sell more assets to accomplish that process.

READ MORE

Bank Of America Cutting 16,000 Employees Starting Next Week

Wall Street Journal ... 09/21/12

Today Bank of America (BAC) CEO, Brian Moynihan, announced the company was preparing to lay off as many as 16,000 employees before the end of the year. Bank of America is currently the largest employer in the U.S. banking industry. However, such a reduction in head count would give it a smaller workforce than J.P. Morgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC).

Other reported news says the cuts will begin on 09/27/12.

Bank of America would not confirm Thursday published reports that the bank planned to eliminate 16,000 jobs across the company by the end of the year.

Read more here: http://www.charlotteobserver.com/2012/09/21/3544653/bofa-declines-to-confirm-job-cuts.html#storylink=cpy

BAC has already sold its field services operations.

Wells Fargo Is The Nation's Largest Mortgage Lender

Wells Fargo is currently the nation’s biggest mortgage lender, originating 31 percent of all mortgages in the 12 months through the end of June. In a conference call with analysts in July, the bank’s executives seemed unfazed about the challenge of meeting mounting customer demand.

I refinanced a Freddie-Mac owned loan with Wells Fargo in July at 3.75% on a 30-year loan. Great rate! There were ZERO closing costs ... nothing added to the loan balance. They sold it to Fannie-Mae in August.

Bank Of America Under Cyber Attack

READ MORE

Notary Signings Are A GREAT Addition To Field Services In Most states.

A Notary Signing Agent is a notary (licensed by the state) specifically trained to facilitate mortgage closings. Mortgage lenders, title firms and escrow companies are paying Notary Signing Agent professionals to make loan closings as convenient as possible for borrowers by couriering loan documents, collecting and notarizing signatures and delivering settlement checks. Most Notary Signing Agents earn about $75 - $100 an hour.

Some states have restrictions. Check out the link below for state restrictions.

http://www.nationalnotary.org/notary_signing_agent/state_restrictions/index.html