The American Dream often revolves around homeownership. But for many, that dream can turn into a financial nightmare — and a big part of that nightmare might be invisible. The inspectors who ensure the safety and structural integrity of homes for Fannie Mae, Freddie Mac, and HUD loans are often paid a meager $6 per inspection. This, while companies coordinating these inspections like GIS Field Services, owned by Mortgage Contracting Services (MCS) parent company Littlejohn & Co., rake in a hefty $45 per home.
This disparity highlights a troubling trend: a growing gap between the value workers create and the compensation they receive. These inspectors are the final line of defense for homeowners making the biggest investment of their lives. For just $6, they are forced to rule a home unoccupied so that firms like MCS and Cyprexx may come in and seize the property and loot a victims possessions. These shoddy inspections almost always result in foreclosure.
The companies managing these inspections, however, seem content to keep these profits for themselves. They offer little to no share of the fees to the inspectors who are the backbone of the entire process. This creates a situation where a few at the top profit handsomely, while the workers who ensure the quality of the American Dream barely make ends meet. And while many may suggest that Labor has every right to apply for the very contracts which keep them barefoot and without a pot to piss in, the reality is that the game is rigged. If you do not believe me, simply ask HUD’s Acting Deputy Director of Procurement, Craig Karnes. Better yet, type his name in the Search Bar.
Like it or not, unionization could be a powerful tool for these inspectors and field service technicians. The recent victories scored by the United Auto Workers (UAW) demonstrate the bargaining power that a collective voice can bring. Through unionization, inspectors could negotiate for fairer wages that reflect the true value of their work.
This isn’t just about economics; it’s about protecting the American Dream. Safe, secure housing is a cornerstone of a stable and prosperous society. By ensuring that Labor is valued and compensated fairly, we can ensure the quality of inspections and safeguard the largest investment most Americans will ever make.
