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You many wonder why the mortgage segment is such a bad neighborhood and the home of 99% of all of the problems in the field services industry. The truth is that there are a lot on sleaze balls in the mortgage segment. It is well documented that the history of the mortgage segment is filled with owners and staff who are convicted felons. Ask HUD about felons in their past M&M programs. Ask FEMA about felons in their disaster inspection programs of the past. Felons are still making it through the background checks and other filters. Some of the national and regional mortgage field service firms have felons on their staff. These are the people who are guarding your personal and private information as well as bank and finance records.
The worst part is that there is no leadership in the mortgage segment and no organization that can clean it up. It’s a battle that is already lost. Of course, none have tried to clean it up. You must just ignore the mortgage segment. Our position at SOFI is to just ignore the mortgage segment and stay far away as there are only a few national and regional mortgage field service firms in good standing.
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