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FBI’s Most Wanted Con Artist: How To Get Insanely Rich | Matthew Cox
0:40fraud mortgage fraud identity theft passport fraud I thought this was very interesting you were called the Bonnie0:46and Clyde of mortgage fraud what's also very interesting FBI's Most Wanted and on the run for years yeah that's that's3:25commit fraud the first loan I did so I became a mortgage broker you know I genuinely was broke like Ford Motor
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See all ›The $12 Trillion Scam No One’s Talking About Inside America’s Biggest Industry
Abraham Lee introduces Visible, a subscription-based mortgage booking platform that disrupts the $12 trillion US mortgage industry by providing transparent, side-by-side comparisons of loan officers, rates, and fees withsummaryThe platform addresses the predatory 'lead trap' model of data brokers and prepares for regulatory changes like the Home Buyers Protection Act (HR2808) and the Delete Act, positioning itself as the Expedia for mortgages.summaryThe mortgage industry is described as a '$12 Trillion Ponzi Scheme' where 70% of US consumer debt is mortgage debt, and consumers are treated as raw materials or data points to be sold repeatedly by data brokers.takeaway
$100K Your First Year? The Boring Industry That's Secretly a Goldmine
Phil Cresenzo, a mortgage professional with 25 years of experience, differentiates himself by specializing in complex, declined, or 'difficult' loan scenarios that other lenders reject, rather than competing on low intersummaryThe mortgage industry has seen a influx of inexperienced loan officers during the low-rate era (2020-2021) who lack the skills to handle complex situations or high rates, creating an opportunity for experienced professiotakeawayBuilders like Toll Brothers use specialized mortgage partners to ensure internal targets are met and to manage cancellations, as missing quarterly numbers can negatively impact stock prices and future building decisions.takeaway
F*** Your Donuts: The Referral Hack Making Loan Officers Rich
Eric Brawn started in mortgage telemarketing at age 20 after getting sober from opiates and heroin, noting that his initial mentor dressed like a successful man (Audi, suit) which he later learned was often a facade for takeawayThe mortgage industry is shifting; Eric predicts interest rates will come down within 12-24 months as the economy needs stimulation, but currently, the market is strong due to low inventory and high demand.takeaway“My purpose and now my career is helping somebody get to the next level in their in their that's our mission is to build a a platform a no compromised platform where mortgage professionals can thrive.”quote
FBI Agent Reveals the Truth About Snowden, Kiriakou & Kash Patel
Matt Cox argues that mortgage fraud is easier now due to relaxed debt-to-income ratios (up to 48-50%) and the availability of fake pay stubs, whereas Tom Simon believes the system is more stringent but less focused on prtakeawayMatt Cox explains that he is permanently banned from the mortgage industry due to an 'act of moral turpitude,' preventing him from obtaining a license even after serving his sentence.takeaway
