Hey Investors I have the Brooklyn Bridge for sale, any takers?

If an investor looks at this and than invest, there either bottom feeders or total idiots. This is a making for a disaster .
First off they need to know how to use MERS. (Mortgage Electronic Registration System) which means a large majority of these loans are NPL's, have no note attached or will be a copy and not be able to provide accurate paperwork to them. To say otherwise , than your a bigger idiot than I gave you credit for, or your a desperate bottom feeder hoping to make a buck, but will  lose your ass. ( which you will by the way deserve) .

 Than we have this - files come in an image format and the subservicer currently used Lender Processing Services technology. BINGO! There's no paperwork , titles are junk , and they are robo signed ( so check titles) 

You invest in this your a fucking idiot who deserves to lose everything you own. Why don't you go down a freeway and open your windows and blow your money to the wind.. you would have better luck than this. 

REMEMBER THESE WORDS :::I TOLD YOU SO!!:::

"highly reputable" independent mortgage bank..hmmmm .. lets see we have York, Rushmore, Archbay,Roosevelt, or lets see Penny Mac. Yeah , right, and I am Bill Gates .. hahahahaha

Interactive Mortgage Advisors LLC, Denver, is exclusively brokering more than $1 billion low-coupon Ginnie Mae bulk residential mortgage servicing rights on retail-originated, subserviced loans.

An unnamed "highly reputable" independent mortgage bank is selling the loans, according to IMA. The loans have a wide geographic dispersion outside of a less than 19% concentration in Texas and less than 10% concentration in California.
Total delinquencies including foreclosures are slightly more than 4%. The 30-day delinquency rate is less than 3%. The loans' weighted average Fair Isaac & Co. credit score is 690. The weighted average interest rate is a little over 4% and the weighted average loan age is a little over nine months.
Thirty-year fixed rate mortgages dominate the portfolio, but it also includes 25-, 20- and 15-year FRMs. The majority of the properties are owner-occupied, but there are multifamily, condominium, townhouse, prefab, investment and second-home properties in the package as well.
Prospective purchasers must be approved Ginnie Mae servicers or have a structure in place with one who can take ownership and service on their behalf and should be equipped to handle loans registered with the Mortgage Electronic Registration System.
All loan files come in an image format and the subservicer currently used Lender Processing Services technology.
IMA is bids accepting bids through noon Mountain time on Feb. 5.

Rushmore says they don't work with Mers.. HUH?

Now in court , they stated they were not involved with mers..

MERS Administrator- Residential Mortgage

Rushmore Loan Management Services LLC - Irving, TX

Posted 32 days ago

Other Details

About this job

Job description

Description:
POSITION SUMMARY: Perform all MERS (Mortgage Electronic Registration System) related functions to ensure the accuracy of the MERS system and responds to or distributes incoming inquires regarding MERS. The qualified candidate for this position will know all aspects of the way a mortgage servicer must interact with MERS. MSP experience is required.
 
ESSENTIAL DUTIES AND RESPONSIBILITIES:
• Performs all process functions within the MERS system.
• Maintains a responsible, courteous and professional relationship with investors and vendors.
• Establishes the acquisition and/or timelines with all parties internal and external for the MERS process.
• Performs the timely processing of all tasks related to the acquisitions and transfers process for the MERS system, including final reconciliations of loan counts boarded to LPS and MERS.
• Performs MIN level research for any MERS related issues.
• Performs quarterly MERS portfolio review.
• Ensures LPS headers are properly coded for accurate reporting to MERS.
• Reviews and maintains all reporting provided by MERS.
• Coordinates any tasks or projects related to MERS.
• Compiles all sub-servicing related data for annual compliance reporting to MERS.
• Maintains all applicable corporate requirements for eligible signors, resolutions and MERS contacts for all Rushmore businesses.
• Acts as a liaison to MERS for Rushmore, and investors.
• Distributes MERS communication and/or documents to appropriate areas within Rushmore. • Assists in the billing reconciliation to investors.
• Assists in the establishment and monitoring of department policies and procedures related to MERS.
• Provides guidance to associates related to MERS system and process. • Provides status reports as needed to manager. • Responds to all correspondence related to MERS.
• Other duties as assigned.
 

Desired Skills and Experience

ESSENTIAL KNOWLEDGE & SKILLS:
• Customer service, team and goal oriented with a positive attitude towards work and others.
• Ability to work in a high volume and time sensitive environment.
• Excellent written and verbal communication skills are needed to interact with internal staff and external customers.
• Strong organization and follow-up skills ability to effectively multi-task and prioritize workflow in a high-volume environment ability to work well independently, as well as, part of a team to achieve department/group goals.
• Well versed with regulatory and investor guidelines and keeps current with all Federal, State, industry specific and departmental policies.
 
EDUCATION AND/OR EXPERIENCE:
• High school diploma or equivalent.
• Minimum two (2) years of experience in mortgage loan servicing or in a related area.
• Complete understanding of the MERS system and process.
• Familiarity with the acquisition and boarding process.
• Has knowledge of commonly used terminology, concepts, practices, and procedures within the mortgage industry.
• Ability to read and understand loan documents produced at funding.
• Working knowledge of LPS Servicing System.
• Strong organizational skills and detail oriented.
• Ability to communicate and interact effectively with all levels of associates and management, as well as with the public and outside vendors.
 
MACHINES, OFFICE EQUIPMENT & SOFTWARE:
• Intermediate working knowledge of the MSP/LPS system is required.
• Experience with Windows-based PCs, including general office software knowledge required.
Rushmore is an Equal Opportunity Employer M/F/D/V

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Rushmore is Hiring
Visit www.rushmorelm.com to learn more.

Why Rushmore
Rushmore Loan Management Services LLC is a high-touch residential loan servicer and national wholesale loan originator. Rushmore has a strong foundation with significant capital backing and is led by a talented and innovative management team. At Rushmore, we offer incredible career opportunities in a friendly and service-oriented environment. We are a company with methodical and strategic growth plans and looking to fill many key positions. Our employees come to work each day driven to create a valuable experience for our customers. If you are a person of integrity who thrives in a fast-paced, innovative and customer-focused climate, this may be the company for you. We offer our employees industry best benefits and have a competitive compensation plan.

Rushmore Culture
Rushmore maintains a positive, results-oriented culture. We believe the employees of Rushmore are the most valuable asset and hold the keys to our success. We have a positive work environment, treat each other professionally and are proud of the contributions each individual makes to the team. At Rushmore, we are committed to providing our employees with the education, training and development that helps them grow as individuals. Rushmore believes in trust and open communication, innovative attitudes and a high level of professionalism. Being a team member of Rushmore is a career-changing opportunity you will not want to pass up.
Rushmore is an equal opportunity employer M/F/D/V