The June Jobs Report Was A Good Economic Report … Bad For The Mortgage Segment
Membership in SOFI is FREE. Today we are seeing fewer people interested in the field services industry as compared to past years. The Mortgage Segment is dead primarily because the fees are so low and the upfront costs to get started are so high. The only attraction today is working for the higher quality firms that pay the higher fees … I am talking about commercial and insurance inspections.
Many of the mortgage inspectors have left field services. Many were afraid to make the cross over from mortgage inspections to commercial and insurance inspections. They are afraid of change. I have never understood the reluctance to change when change was so much better.
We are finding that more of the national and regional field service firms are coming to SOFI for help in recruiting field service inspectors. Field service inspectors need to change quickly. Move with the change. Many notary signing agents are seeing a huge slowdown in refinances and they are filling the gap with field service inspections. They come to SOFI and we recommend commercial and insurance inspections. We suggest that everyone avoid the low fee mortgage inspections with the huge upfront costs to get started. The mortgage segment is also the home of fraud, greed and corruption.
Mortgage inspections are the dead spot and commercial inspections are the hot spot today.
Be ready to change quickly and enjoy it again and again. What would you do if you were not afraid?