- Real Estate
Mortgage Field Inspector says ~Eliminating the Middleman can increase profits!!!
Sample Inspection Photo's
How much money can you make as a field inspector??
The answer is simple.. Unless you are dealing directly with the bank, you can expect to make very little income working for the "Middleman"
Mortgage Inspection's require A lot of driving, A lot of wear & tear on your vehicle, A lot of time updating results from your computer... The reward is far less greater than the effort!!
WHO IS THE MIDDLEMAN??
The "Middleman" is the one that will control
1. The volume of work you receive
2. The pay you will receive for each Individual Inspection
3. And potentially the only source connection you will have to employment in the mortgage field Industry!!
A perfect example of a Middleman is "Safeguard Properties"
Safeguard operates out of Ohio, and deals directly with the mortgage Industry leaders. They receive a large number of properties to manage from source banks, FHA & Government contracts!! They then rely on Independent contractors in almost every state to handle whatever volume of work they designate to them. These companies must complete the work within a timeline, or risk a charge back and reduction in future workload..
Example of the PAY Schedule
FHA-Hud Guidelines will pay on average $35.00 for each visit to a property to determine the occupancy status!!
How this breaks down for you "the Inspector"
Safeguard receives $35.00 per Inspection
Inspector receives $ 5-7.00 per Inspection