You know, Eric Miller, the National Association of Mortgage Field Services (NAMFS) Executive Director, seems to be on the losing end of credibility on any given day. I mean a constant five years of deficits at NAMFS under his leadership — or lack thereof — tends to demonstrate that the NAMFS ED — that’s Erectile Dysfunction for those of you on the NAMFS Board of Directors — is in over his head. The reality is that Eric Miller has taken nearly half a million dollars in cash reserves and left NAMFS with less than $25,000. When you factor in that his salary is over One Hundred and Twenty Two Thousand Dollars per year and consumes over SEVENTY FIVE PERCENT off all NAMFS Member dues, it stands as his legacy.
Here is what the Federal Reserve had to say,
The federal banking agencies today fined ServiceLink Holdings, LLC (ServiceLink Holdings), $65 million for improper actions by its predecessor company, Lender Processing Services, Inc. (LPS), which resulted in significant deficiencies in the foreclosure-related services that LPS provided to mortgage servicers.
The penalty assessed by the three federal banking agencies–the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency–against ServiceLink Holdings satisfied the document review provision of the previous enforcement action. The agencies continue to monitor the company’s compliance with other provisions of that order.
The fine will be remitted to the U.S. Treasury.
The irony is that Eric Miller was the Assistant Vice President of Business Intelligence at Lender Processing Services (LPS) from 2004 – 2011 during the height of the robo signing! Gotta wonder if he saw that coming in his intelligence report!
Eric Miller has dropped the ball at every opportunity. In fact, with respect to the latest demands to adopt SecureView, the polycarbonate provider which Fannie Mae demands, Miller has refused to obtain the necessary technical information required to even comply. I say refused, unless you say that Miller is ensuring that his largest supporter, Robert Klein, is the only option available. If you take a read through Miller’s latest piss poor attempt at communications, you will see that not a single piece of information allows for Labor to go outside of the NAMFS unjust financial enrichment network.
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In fact, Foreclosurepedia took the problem head on. How bad is it? Well, even the Ohio State Governor, John Kasich, does not know how to answer it as his office refused to say what product, other than plywood, could be used to comply with Ohio House Bill 463. And when we closely examine precisely what Miller has NOT BEEN DOING, the world becomes extremely alarming.
Mathematically, a 3/16″ piece of polycarbonate would suffice for impact resistance. And the kicker here is that the opacity, or transparency, quality is what begins to jack the price.
Nickie Bigenho, Mortgage Contracting Services (MCS), is the Chairman of the NAMFS Government Relations Committee. Since June, 2016, she has fielded issues dealing with the new FNMA boarding requirements. She and Eric Miller have done nothing other than ensure that the financial spigot to Klein’s SecureView has had a fire hose attached to it. Bigenho is the quintessential reason why Minority Females are discriminated against in the Mortgage Field Services Industry in my opinion. My rationale is that Bigenho, in her capacity at MCS, could easily have demanded technical specifications from FNMA as they are a Client of MCS. Instead, she chose to do what most white, privileged women do, paint her nails and text on Dramabook. Fuck Bigenho. Fuck Eric Miller and Fuck the NAMFS Government Relations Committee. And in case you would like to reach out to these assholes whom are ensuring you will ultimately go bankrupt on a product that this ALL WHITE COMMITTEE is laying off upon your shoulders, here are their names and companies.
NAMFS has always been an ALL WHITE LEADERSHIP entity. If the #BlackLivesMatter movement is looking for an organization to closely monitor, NAMFS is the one. I have countless files of the NAMFS Offender Membership defrauding Minority Females and Labor. Just drop me a line. Ditto for #Anonymous.
Shayma Hyder, CEO of The Marketing Zen Group, puts Miller’s lack of leadership in a most poignant manner. Leadership, in the Digital Age, hinges upon Transparency and Trust. Silence is truly not an option for brands in the digital age. It is akin to putting oneself on mute during a conference call and thinking the call has been paused. The call goes on – minus one voice. The most successful social media campaigns activate a key emotion or emotions.
NAMFS is out of touch and has been for years. If they believe that yet another Compliance tool is going to change anything; if they believe that refusing to allow an interview with AllyConnect’s CEO Steve Salimbas is going to make the yet new fees tacked onto Labor feel any less expensive, Miller is smoking crack. And that is the State of the Industry coming into 2017. We have 434,000 properties in a pre foreclosure, pre sale environment. That is for all 50 states and territories. Miller slammed Aspen Grove down everyone’s throats and it is now proven to be ineffective.