More mortgage inspectors will be chasing fewer of the low-fee mortgage inspections.
Mortgage inspection fees will continue to decrease as more mortgage inspectors will be chasing fewer mortgage inspections. It's all about supply and demand. Reuters reported that foreclosure activity fell in April to its lowest
level in more than six years.
I have already seen where some of the GREEDY PIG national mortgage field service firms are asking mortgage inspectors to perform more work for less money. Yes, some mortgage inspections are paying only $2.75 for a mortgage inspection with seven required photos.
Michael in Connecticut actually performed some mortgage inspections for ONE DOLLAR each. This was a few years ago. The company that hired him did not pay him. He took them to court and the judge ruled that he would be paid half of what he was owed because the owners of the firm that did not pay him had health problems. He ended up getting 50-cents for each mortgage inspection. What a rotten deal. He was victimized by BOTH a BAD field services firm AND a bad judge.
Some of the GREEDY PIG national mortgage field service firms need to make more profits as the volume of mortgage inspections is trending down ... about 23% as compared to a year ago. They can only maintain current profit levels by paying less for a mortgage inspection.
Don't be run over by GREEDY PIGS racing to beat their competition and increase their profits. The field services industry is a huge industry. It is a great industry. There is a lot of opportunity. Network ... talk to other field service representatives. Talk to SOFI. There is a lot more to field services than just mortgage inspections. Make sure that you are working in the best areas of the industry. STOP working on the CHEAP. Stay out of the bad neighborhoods so that you don't get hurt. The mortgage segment of the industry is the home of 99% of all of the problems in the field services industry. This is undisputed. The mortgage segment is the bad neighborhood.
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