10 Easy Steps to Being a Mortgage Servicer
With a Money Back Guarantee!
1. Become a Business
2. Open a Line of Credit
3. Pay $1 Million for 1,000 Loans worth $100 Million.
4. Use your line of credit to ADVANCE each payment to the investors.
5. Accept monthly payments from the borrowers
6. Repay your advances with borrowers’ monthly payments
7. Make Money
8. Pretend to help customers while you delay reporting defaults.
9. When you finally have to report a default, Foreclose...FAST
10. Lastly, above all else, play by the CRA’s rules so your rating remains high.