Recycling Mortgage Inspection Photos

If a mortgage field services firm does not want you to date/time stamp digital photos, it could be a RED FLAG.

They may be using your photos for subsequent inspections. No one revisits the property … they just fill out a false report and reuse the photos that you previously submitted.

The owner of a Tampa field services firms pleaded guilty at the end of 2012 to defrauding Bank of America out of 12 million dollars by submitting false reports and photos. He recycled photos for several years. Bank of America was sleeping. Vermont photos showed oak trees with green leaves in the month December … no fall colors.

The owner was sentenced to eight years in a federal prison. Someone else will come along to recycle photos. It happens all of the time.

It’s probably smart to put a date/time stamp on all photos so that you are not recycled and that you stay out of trouble. About 99% of photo recycling occurs in the mortgage segment of the industry … the home of the low fee inspections.