Loan Modifier For You

Why does this seem like an endless amount of information and dollar amounts being spent on

to trying to solve the global economic crisis while the politicians, economists and Wall Street ”experts”

are having a major problem with getting their hands around the major cause.  An Ego problem for all

of us to consider. 

When I owned me temporary employment agency in Encino, CA, we participated with

the Resolution Trust Corporation.  We were the first to feel the anti-VIP treatment from

Countrywide Mortgage.  

While Mortgage & Financial Personnel earned a ranking of #191 in the 1990 version of

The Inc. 500, we began to feel a downturn.  It became apparent that the industry was changing and

when the mortgage loan underwriters that we sent out on temporary job assignments began being

turned away, I wondered why were my best employees now deemed unfit for duty.

The demand for qualified mortgage personnel became frantic.  I underwriters were turned away because they

refused to sign off on loans that appeared “unworthy” for loan approval. 

I have been to alot of seminars and heard dozens of advertisements on radio and tv about loan modification, everyone seems to want your money up front and cannot exactly guarantee what they will provide for you.

SCAMERICA

I have been in the mortgage industry since 1974.  Every now and then I would go home from the office and scratch my head wondering, “What is going on?

Most of my notoriety in the industry took place between 1984 and 2004 when I was the owner of one of the first temporary employment agencies that catered to the mortgage banking world.  Besides reading the Wall Street Journal and Mortgage Banking Magazines, I became obsessed with the RTC (Resolution Trust Corporation) that handled the governments Savings & Loan Bailout that took place in the late 80’s to early 90’s.  We provided Loan Underwriters; Loan- Funders; Loan Processors and Loan Servicing personnel to banks, thrifts and other financial institutions.  My firm, Mortgage  & Financial Personnel Services earned a ranking of #191 in 1990 in Inc. magazines’ search for the top 500 of America’s fastest growing company’s.

Today in 2009, as we are less than two weeks away from an inauguration most are looking forward to.  Most Americans are waiting for a leadership that promises to make a change.   Yours truly is embarking into the world of “Loan Modifications.”  Many of the ads  I listen to over the radio airwaves and on the cable tv are promises from attorneys and “mortgage experts”  are waiting to take your up front monies  to perform that daunting task of contacting your loan servicer or trustee and beg them to lower your interest rate or extend your term  and give you a break because times are hard.