It should come as no surprise that the National Association of Mortgage Field Services (NAMFS) is on the losing side of the tide when it comes to understanding the Mortgage Field Services Industry. Fact of the matter is that Eric Miller, NAMFS Executive Director, is a champion of mediocrity. While Miller’s salary which eclipses over One Hundred and Twenty Two Thousand Dollars per year may leave many with the belief that he is the supreme authority within the Industry, the reality is that his pay is just as inflated as his ego. The only thing in which Miller has a claim to fame, or infamy depending upon which side of the accountant’s table one sits, is that he has single handedly bankrupted NAMFS. If there ever was a poster child for everything fucked up in the Industry, it most assuredly is Eric Miller.
- NAMFS posted a NEGATIVE $47,283 as revenue for Fiscal Year 2015
- NAMFS earned $493,036 and spent $540,319 — That is $47,283more than they earned
- NAMFS provided $84,000 in compensation to “…disqualified persons as defined under section 4958(f)(1) and persons described in section 4958(c)(3)(B) by the Internal Revenue Service (IRS).”
- NAMFS Membership Revenue declined by $41,340
- NAMFS Program Service Revenue, their lifeblood, dropped by $71,365
- NAMFS Total Assets dropped another $56,661 — NAMFS Cash On Hand is now $27,403
Eric Miller’s salary now consumes OVER SEVENTY FIVE PERCENT OF ALL NAMFS MEMBER DUES. Now, let’s talk a little bit about how Eric Miller and his Committees, such as the NAMFS Government Relations Committee, are spending what few dollars are left like drunken sailors,
- Legal fees cost NAMFS $3,830 — Gotta wonder what NAMFS needed a lawyer for
- Michael J Busta, NAMFS CPA cost them $6,223 — Yeah, gotta love Busta doing a spin on TurboTax
- Other — no shit, other and you gotta love that term — cost NAMFS $16,500
- Advertising cost NAMFS $33,160 — perhaps advertising to get some new fish in to finance the Ponzi Scheme
- Office Expenses cost NAMFS $3,067 — Ironic as NAMFS refuses to release their physical address and as everyone knows the Aspen Grove Solutions address is simply a 3 bedroom, 2 bathroom home on Zillow.
- Information Technology cost NAMFS $2,287 — Love it especially when NAMFS has been hacked 3 times and were incapable of paying their https certificate for nearly three months!
- Hotels For Miller and Unknown Party(s) cost NAMFS $14,835 — Stripper Pole Not Included.
- Travel For Miller and Unknown Party(s) cost NAMFS $7,534 — G5 baby, G5!
For nearly a decade now, Foreclosurepedia has advocated for the Minority Females and Labor whom are preyed upon by Eric Miler and his all white NAMFS Board of Directors. And when firms like Assurant Field Asset Services and Mortgage Contracting Services (MCS) could least afford it, Foreclosurepedia knocked another one out of the park with respect to Labor Rights. Beginning in 2012, Foreclosurepedia revealed to the world that Buczek Enterprises had made a six figure settlement with Brad Hurst under the Hurst v Buczek Enterprises ruling in the US District Court for the Northern District Court of California. Miller’s recommendation? Bury the collective heads of the serpent in the sand. Nothing here to see, just keep moving on. And Miller did it again when the State of Washington began investigating his cozy NAMFS Associate Member InsuranceTek and Vicki Boser whom is poised to be rapidly shipped off to the dark and gloomy Washington State Correctional Facility — the post mortem on this one will be good as people tend to spill their guts to cut a deal. Boser was illegally signing up NAMFS Members for financing charges they didn’t need and that was when she actually provided real insurance policies.
InsuranceTek e-signed the premium finance agreement on Slokenberg’s behalf after it had already received a full payment, and sent an invoice receipt for the payment to the customer. InsuranceTek then deliberately substituted its own address for the customer’s address, and as a result, MB Property Inspection Services had no idea a premium finance agreement had been opened in its name.
Now, the same US District Court is ruling against Assurant in Bowerman v Field Asset Services. And this go around, the complete debacle which represents the Miller Regime even has Christ Himself scratching his head and spewing obscenities. Bowerman is a FIFTY PAGE TOME of a ruling against NAMFS and how it does business. It excoriates Assurant Field Asset Services for being, well, being NAMFS Members and creating fiat independent contractors out of thin air. The very same insulation in which NAMFS Members have always sought to employ in their illegal removal of Doctrine of Privity between Minority Females and Labor from portfolio holders, proved to be their very undoing.
It gets better, though. You see Miller & Company cooked up a new scheme as the volumes began tightening up in order to keep everyone afloat. Whereas, the normal chargebacks are known within the first 30 days to portfolio holders whom submit claims upon FHA – HUD Insured properties, NAMFS Members began an organized campaign to go back first one, then two, and eventually three or more years to find photo discrepancies. Bear in mind, no one is saying that the work is defective, NAMFS Members are stating that based upon photos there are issues. And why the postponement of time? Well, generally the properties have sold thus squashing any hope which Minority Females and Labor may have to pursue liens and legal remedies.
And if you think it is going to get better, you had best get out of the Industry now. In fact, that is what I have been recommending to most of my Clients over the past year. According to Trulia statistics, housing volumes are at all time lows and continue to fall. What that means is NAMFS Members are under continued pressure to commit criminal fraud and civil misclassification of workers in order to support their Ivory Tower debt loads. That, coupled with the tens of millions of dollars in damages anticipated in the Bowerman and Vinson cases will continue to force firms like Assurant Field Asset Services and Mortgage Contracting Services to press onward and upward with their chargeback scheme which crosses state lines using electronic means.
