Subprime Auto Loan Default Rates Are Now Higher Than During The Financial Crisis | Zero Hedge

The highly seasonal rate for subprime auto loans more than 60 days past due reached the highest in 22 years – since 1996 – at 5.8%, according to March data; this is well over 2% higher than the comparable March default rate in the low 3%s hit during the peak of the financial crisis a decade ago.

This is great news for field service inspectors as the volume of inspections will increase in the next overdue recession.

Dangerous Conditions … Hawaii Big Island Field Service Inspectors Need To Ask For Higher Fees

I have visited the Big Island of Hawaii about five times. SOFI held a 4-day conference at Kona on the Big Island. I have flown over this active volcano on the Hilo side of the island in a helicopter and looking down into the volcano.

Today, many of the roads on the Hilo side of the island are shut down. It is very difficult to get around and the air in some areas is filled with toxic sulfur dioxide gas. Field inspections take more time to complete and inspectors need to ask for more money.

 

Retirement Village … On Social Security Only

Are you approaching retirement and looking to start receiving your social security check from the Government? Unless you have saved and invested well in the last 4 decades, you will not survive on social security checks alone. Field services can be a great part-or full-time job during your retirement years. Call Richard Law at 321-543-2809 …. east coast … if you want too chat about field services.

www.13easysteps.com

Have You Noticed That There Is Less Competition In The Commercial Mortgage Segment Of The Industry?

About 40% of American adults are obese, a sharp increase from a decade earlier and a record high. according to federal health officials. It is probably wise to invest in the companies that manufacture insulin and sugar test strips.

This is a blog post to remind me to lose a little weight. At 5’9″, I lost 30 pounds in 2017 and went from 190 to 160. In 2018, I creeped up to 170. I am sure that it is the carrot cake … I love it. I need to get back to 160. I feel so much better at 160. I exercise every day on the treadmill with an incline of 6 … max heart rate of about 115.

I find that some field inspectors are staying away from commercial inspections as it may mean climbing some stairs in apartment buildings and hotels without elevators. Inspectors tell me that they cannot make the climb. They just can’t handle the stairs. That is great for the skinny field inspectors as it cuts down the competition. The skinny inspectors love the stairs as it is great exercise. They run the stairs.

The $3 mortgage inspectors must all be skinny as they have to run around those foreclosure homes taking the 7 required photos in order to make any money. They also have to be able to outrun an angry homeowner with a baseball bat, gun or a huge dog.

I am sure to get some comments from the fat … let me say slightly overweight … field inspectors. I am a little over my high school weight … I’m fat … so I can talk about weight problems. I am part of the crowd of people who need to lose more weight. Send me some of the higher paying commercial inspections as I need to climb some stairs. It’s great exercise.

Mortgage Refis Tumble To Lowest Since The Financial Crisis … Move Over Field Inspectors … Notary Signing Agents Are Focusing On Field Inspections

More and more notary signing agents are looking to the field services industry. The National Notary Association (NNA) is suggesting that field inspections is a great adjunct business for notary signing agents. The reasons for this collapse are all too well-known, and were covered here two weeks ago: with interest rates materially higher than they were a year ago, and lending conditions still relatively tight, there is less incentive for borrowers to refinance.

How low can refis go?

Here are some more details from the WSJ: last year, 37% of mortgage-origination volume was because of refinancings, according to industry research group Inside Mortgage Finance. That is the smallest proportion since 1995, and the number of refinancings is widely expected to shrink again this year. In 2012, refinancings were 72% of originations. The Mortgage Bankers Association expects nothing short of a bloodbath: it forecasts overall mortgage-purchase volume to grow about 5% in 2018 but refinancing volume to drop 27%.

 

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Please Help Me … I Am Tempted Daily With Huge Volumes Of $3 Mortgage Inspections

man prayingYou know the temptations that I am facing today. I ask for your strength to stand up under the temptation whenever I encounter it. Please give me the wisdom to walk away when I am tempted and the clarity to see the way out that you will provide. Please help me to clearly see that I will wear out my vehicle with $3 mortgage inspections. Amen.

What Competition? … Did You Know That 90% Of Field Inspectors Do Not Have A Resume?

If you have a SOFI-designed resume, you are way ahead of the competition. Let SOFI design your resume for $50.
Call Richard Law at 321-543-2809 … east coast … to chat about resumes and marketing. Get the jump on your competition. Join the 10% of inspectors who have a resume and who get the work.

 

Avoid The Mortgage Segment Of The Industry … Many Of The Mortgage Order Mills Are On Life Support

Many of the Mortgage Order Mills (MOMs) are moving from 30-day pay periods to extended 45-, 60- and 90-day pay periods. The have a very poor cash flow and no capital. After paying staff, there is no money left to pay the field inspectors. These MOMs are very high risk. If a firm cannot pay you on a weekly or bi-weekly pay schedule, you need to avoid them. Many mortgage inspectors get what they deserve when they do not listen and take unnecessary risks. Some mortgage inspectors will work for 30, 45, 60 or 90 days and then not get paid. Don’t be stupid. Understand the risk and avoid it.

Mortgage inspections are HIGH RISK. The better place to be is commercial inspections … with higher quality firms that pay the higher fees. Check out the National Field Service Directory at www.sofistore.com.

 

Don’t Sweat The Competition … Because There Is Little Competition

About 41% of Americans do not want to work. Then count the number of people in jail or prison and the number that are in poor health. Then count the number of people who cannot pass a background check or a drug test. Then count the number who have no resume and no telephone conversation skills. Count the number that do not have a great list of companies to contact for field service work and do not advertise their services. Count the number that are disorganized.

When you look at real world numbers, you soon discover that there is very little competition. In the end, it is just you and me.

Let Richard Law at SOFI help you focus and grow your field service business. Call 321-543-2809 … east coast … to chat about the best way to get started in the field services industry. Check out www.sofistore.com

Field Inspector Writes About Using The Smartphone Stride Mileage Tracker Application

Jim Williams  … lombardy160@gmail.com … a field service inspector … writes about the FREE smartphone application Stride. Up until recently I was measuring mileage to inspections with the trip odometer on my car. I’d usually track one way and double it for the total. That way, I had an idea of the total, and be able to take in a side trip after the job was completed.

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SOFI Is Adding About 100 New SOFI Members Every Month To The National Field Service Directory

The number of job openings in the U.S. surged to a record 6.3 million in January, showing that businesses are still eager to hire nearly nine years into an economic expansion that still appears to have plenty of momentum.

A growing economy creates more field inspections in the commercial and insurance segments … where you find the higher quality firms that pay the higher fees. Avoid the mortgage segment … the home of low-fee and 99.5% of the fraud, greed and corruption in the industry.

SOFI membership is FREE. Check out all of the great information, marketing and training products at www.sofistore.com.

www.13easysteps.com

You Cannot Drive A $90,000 Audi A8 & Make The Car Payments With Low-Fee Mortgage Inspections

Today I talked to a notary signing agent … an NNA member … who is doing quite well with $150 notary signing tasks. Sorry …. no names or location information provided with this story. She drives an Audi A8 and stays close to home with all notary signing assignments. She wants to keep her business mileage low and take good care of this very fine automobile.

A Mortgage Order Mill contacted her and wanted her to drive all over the state for peanuts. She said No and called SOFI for some advice on how to make money with field service inspections. Call Richard Law at 321-543-2809 … east coast … and I will tell you what I passed along to her about the field services industry.

The Real Retirement Crisis: The Elderly Are Broke … Commercial & Insurance Inspections Can Bring In Some Extra Income. Avoid Mortgage Inspections.

For adults over 50, this should be a call to act now, while there is still time. Only one-third of adults in that age group have savings greater than $10,000. Retirement planning needs to become a priority, as there is little time to waste. Pensions are becoming rarer, and Social Security is becoming less secure than it used to be. Many health needs of seniors are not covered by Medicare. Some experts believe the Social Security system will be depleted by 2030. Adults over the age of 50 need to consider making contributions into 401(k) accounts or similar retirement plans.

Social Security was never intended to be the sole income of retiring seniors. It was meant to supplement approximately only 40% of post-retirement spending. Social security was supposed to enhance seniors’ lives, not support it entirely. However, according to Investopedia.com, 43 percent of unmarried seniors rely on Social Security to cover 90 percent of their basic needs. Almost a quarter of married couples depend on Social Security to meet most of their expenses.

By 2035, the number of Americans 65 and older will increase from approximately 49 million today to over 79 million. Call Richard Law at 321-543-2809 … east coast … if you want to chat about field inspections.

 

www.13easysteps.com

Russians Intercept Navy EP-3 Aries Aircraft In The Black Sea

I have many hours as mission commander in this aircraft flying signal collection missions targeting the Russians and others. The Russian fighter pilots would often get a bit close. We flew some missions where we had U.S. Navy fighter escorts. Peacetime aerial reconnaissance flights always have some risk.

So how would the Navy fighter pilot such as Tom Cruise handle an interaction with a Russian fighter?

Love Him Or Hate Him … Trump Is Creating Better Paying Jobs In The US

Trump is in Davos, Switzerland and he is asking foreign business to invest in the US. Lower US corporate taxes are resulting in higher wages in the US. Wages are rising in the US. Trump is killing the mortgage segment … the home of low-fee mortgage inspections and 99.5% of the fraud, greed and corruption in the industry. In the last few days I have been reading lots of emails to the Fannie-Mae and HUD listing all of the complaints and requests for audits on NFN. The mortgage segment is the home of many monsters.

So, keep up your working in the mortgage segment and risk all of your low wages on being paid by a crooked Mortgage Order Mill. The mortgage segment of the industry has destroyed so many lives. The days of large volumes of mortgage inspections are over. Delinquencies and foreclosures are at 15-year lows. The volume has dried up. Mortgage Order Mills are closing. Two federal district court ruling have said that field representatives are employees and not independent contractors. The majority of SOFI members have abandoned the mortgage segment. The commercial field inspectors want you to continue with the mortgage inspections as they do not want the competition.

Field Inspector John Raymond Griffin Posts On Facebook … Know Your Worth When Making Decisions

“If you know your time is worth $25 per hour, then you should never wait in line for 30 minutes to get a $10 gift card. If you know your time is worth $60 per hour, then you should always pay $49 for shipping instead of spending one hour shopping at the store. If you know your time is worth $80 per hour, then you should always buy the direct flight that saves you two hours even if it costs $150 more than the flight with a stopover. Once you know, in dollars and cents, how much an hour of your time is truly worth you can make better decisions on a daily basis.
we know your time is possibly worth at least the number you calculated.”

Sean Has North and South Central Connecticut Well Covered

Sean advertises at www.fieldinspector.biz with a very impressive and professional banner ad.

To get jobs, you must get the attention of the field service firms. SOFI has set up a watering hole at www.fieldinspector.biz where hiring firms can gather and find you. Let SOFI help you make a great impression and eliminate the competition who have no ideas on how to market their services.

Let SOFI Help With Your Marketing … Life Can Be So Much Fun When You Are Not Working That Hard To Make Great Money

James has a National Field Service Directory and he markets his services to about 100 of the higher quality field service companies. Every few months we help James more by sending out an email blast of his resume. The Directory is $84 and the SOFI email blasts for Directory holders are $19.00. Who do you think is getting the best work in southern California?

Call Richard Law if you want to chat about some ideas for growing your business in 2018. Let SOFI help you with your marketing. Call Richard at (321) 543-2809 … east coast. Make more money in 2018. Avoid the low-fee mortgage inspections. Find more interesting work. Have fun while you are making money. Life is so easy when you are making great decisions. Be sure to network with the shakers and the movers in the field services industry.

Your Resume Should Tell The Story … Who You Are … What You Do … Where Your Do It

Call Richard Law at 321-543-2809 … east coast … if you are looking for a resume with lots of WOW. Don’t waste your time marking with a resume that does not tell your story in an effective way. Your competition is getting the jobs because of your poor resume. Get smart. Spend $50 and wake up your advertising in 2018.

Small Business Optimism Is At A 27-Year High … 2018 Will Be A Great Year For Many … Download Free Ebook On Getting Started

We have seen a huge increase in sales of SOFI information, marketing and training products in the first 8 days of 2018. Field service inspectors are stepping up their marketing and moving to the higher quality firms that pay the higher fees. Check out all of the great SOFI products at www.sofistore.com. Grow your business in 2018. Call Richard Law at 321-543-2809 … east coast … to chat about field services.

 

www.13easysteps.com

Mortgage Field Inspector Chased By Police

I read a story online when a mortgage field service inspector took a photo of an off-duty police officer’s home. Then the chase began. It was only one police car chasing one mortgage inspector. The 10 other police cars in the photo were added just to get your attention. Sure, it is not illegal to take a photo from the sidewalk. Going in backyards and peeping into doors and windows can get you into a world of trouble in many states. It’s called “peeping” in Virginia.

Everyone has security cameras today. There are a lot of dogs roaming in those private fenced yards. You will be noticed. You will be recorded on video …the video will uploaded to the cloud. Be sure you know the laws on trespass in your state. Below is what California says about entering fenced yards without written permission. You know your vendor manager failed to mention the California law on trespass. Who do you think is going to pay your fine?
………………………………………………………..

California Penal Code Section 602.8

602.8. (a) Any person who without the written permission of the landowner, the owner s agent, or the person in lawful possession of the land, willfully enters any lands under cultivation or enclosed by fence, belonging to, or occupied by, another, or who willfully enters upon uncultivated or unenclosed lands where signs forbidding trespass are displayed at intervals not less than three to the mile along all exterior boundaries and at all roads and trails entering the lands, is guilty of a public offense.

Please Help Me … I Am Tempted Daily With Huge Volumes Of $3 Mortgage Inspections

man prayingYou know the temptations that I am facing today. I ask for your strength to stand up under the temptation whenever I encounter it. Please give me the wisdom to walk away when I am tempted and the clarity to see the way out that you will provide. Please help me to clearly see that I will wear out my vehicle with $3 mortgage inspections. Amen.Wisdom is knowing the “real meaning” of words often used in the mortgage segment of the field services industry.

The mortgage segment is the home of $3 mortgage inspections, lots of games where you lose … and 99% of the fraud, greed and corruption  in the industry.