National Mortgage Company was mortgage company back in the 2000's. I did some IT work for years and years ago. Setup computers, network stuff, etc. I didn't realize it at the time, but they were one of the worst companies when it came to the shady loan practices that lead to 2008. I can remember dudes bragging about how many loans they approved for people with no proof of income, etc. These guys were the absolute worst. Total fucking douchebag bro types. The 2 dudes in The Big Short, the bro's that talk about selling to strippers only. Yea....those guys actually exist. They weren't taking creative liberties in that scene of that movie. Thing is...this place was a 4 story office building full of these guys. Dozens and dozens of them. Our system is pretty fucked. I have no faith in any of it after seeing how easy it was for these people to do what they did. Makes me sick.
edit: if a fucked up twist... I ended up losing my MSP company I started back then because of all of this. Had a ton of real estate companies as customers back then. Supported hundreds of independent agents doing IT work. That shit evaporated overnight once the crash happened.
uncle_jessie t1_isf84hw wrote
Reply to Real Estate Agents Caught on Camera Facilitating Mortgage Fraud for a Fee by Puzzleheaded-Bug7189
National Mortgage Company was mortgage company back in the 2000's. I did some IT work for years and years ago. Setup computers, network stuff, etc. I didn't realize it at the time, but they were one of the worst companies when it came to the shady loan practices that lead to 2008. I can remember dudes bragging about how many loans they approved for people with no proof of income, etc. These guys were the absolute worst. Total fucking douchebag bro types. The 2 dudes in The Big Short, the bro's that talk about selling to strippers only. Yea....those guys actually exist. They weren't taking creative liberties in that scene of that movie. Thing is...this place was a 4 story office building full of these guys. Dozens and dozens of them. Our system is pretty fucked. I have no faith in any of it after seeing how easy it was for these people to do what they did. Makes me sick.
edit: if a fucked up twist... I ended up losing my MSP company I started back then because of all of this. Had a ton of real estate companies as customers back then. Supported hundreds of independent agents doing IT work. That shit evaporated overnight once the crash happened.
Fuck these people.