Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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IMS Launches Web Phone Application
Business Wire (press release), CA - Sep 10, 2007

Technology delivers more efficient property inspection

"eliminates the need for printed materials."
 
"We specialize in protecting the value of our client's real estate collateral
during the entire life cycle of a mortgage loan -- when the loan is current
and active until payoff, during foreclosure and as REO."
 
Sure do sound like "Big Brother" to me.  Gee, do you think they come by at
night and look in the windows?  Now would ya suppose the servicer
passes these inspection fees with mark up of course onto the borrower?
Kinda swift with no need for paper trail built in.  Servicer can just
say they were out inspecting your home, then ZAP! another dang fee.  Oh,
ah git it now, they're out "protecting the collateral" by making sure if enough
fake fees are charged, it'll break the homeowner's back and then they'll end up
owning the collateral which they'll give a new name - REO.  Ya know, just like
that cookie, only without the O.......[OWNER]
 
 


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