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.