Category Archives: banking

Bankers….The new High Suicide Rate Position?????

Organics Admin
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Organics Admin

COO at Aladay LLC
Organic Farmer, Property Preservation Specialist and Custom Glass & Wood Worker. Blogger extraordinaire...
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ABN Amro banker Chris Van Eeghen…3rd in 31 days….

This is becoming a very disturbing trend… ABN Amro banker Chris Van Eeghen allegedly committed suicide in is home Monday, marking the fourth Amro banker to die in 4-years, and the 39th banker to die in the last 13 months, in an unusual string of deaths.

Usually you see the Postal workers, Shrinks…oh hell even Dentists and Veterinarians get in on the list before Financial Workers…but 39 banking positions in 13 months all of “ALLEGED SUICIDES”???? Where are all the conspiracy theorists???? Makes you wonder what they stumbling upon when doing the paperwork…

Neighbors and colleagues of Van Eeghen describe him as an extremely nice guy, pointing out how they were shocked by his death.

Van Eeghen previously attended the University of Buckingham, studied law and was also a football player.

He was considered a professional banker with a good reputation.

Although some can’t beleive Van Eeghen committed suicide, it’s worthy to point out that his Facebook page was recently changed to read “former” head of syndicate, ABN Amro Corporate Finance & Capital Markets, as reported by Quote 500.

Condolences to Chris's Family. May he RIP...
Condolences to Chris’s Family. May he RIP…

Van Eeghen’s girlfriend wrote in an email, “We were like boys in dealings among themselves, talking about women, the world. That was perhaps also the friendship I had with him, my courage and freedom versus his humor. To accept his death I assume that Chris wanted freedom, this was the way to take his freedom. He was always thinking of others. He kept neatly in earthly life.”

Van Eeghen had a son from a prior relationship, but lived alone, according to reports.

In 2014 Jan-Peter Schmittman and in 2009 Fentener Vlissingen scion Huibert Boumeester both also committed suicide, both were ABN Amro employees.

Occupational activities are usually considered as a source of personal development and economic growth of nations, yet it has been observed that certain occupations are associated with a fairly high rate of mortality due to emotional and psychological stressors leading to suicide. Research and clinical data suggested that certain occupations especially in healthcare sector (like doctors and nurses) along with veterinarians are among the most common professionals who commit suicide learn about the professions associated with highest suicide rates for both male and female.

Professions Associated with Highest Suicide Rates

So far there are no clear guidelines or well defined risk factors that may suggest how certain occupations are associated more with occupation associated suicide. Moreover, no national level study has been conducted that can identify or highlight this risk more carefully, yet some local studies as well as assumptions made from general and official statistics suggested following occupations reportedly have a higher suicide rate.

1. Physicians Among the Top Suicidal

A number of studies suggested that physicians have a higher rate of attempting and committing suicide. In general population, the overall prevalence of suicide is 1-2%; however, in physicians this rate can be as high as 2- 4%. But it should be remembered that the other 96 to 98% have a very healthy and productive lifestyle with overall better quality of life than general population.

The most significant determinants are: availability and access to highly lethal drugs in sufficient quantities; knowledge about the toxic or lethal dose that make more attempts successful.

The rate of female physician suicide is equal to male physician suicide as opposed to general population in which females are four times less likely to attempt suicide. The causes include psychological stressors, work load, stressful working conditions, higher chances of sexual harassment and other similar factors. Likewise, female physicians also feel “more deprived” of their family time and other social activities that may lead to depression.

2. Studies from National Occupational Mortality Surveillance (NOMS)

NOMS (or National Occupational Mortality Surveillance) employ PMR database that collects, organize and integrate the mortality information according to 3 primary age groups (ranging from group I that include individuals from 15-54 years; group II that includes 15-64 and group III with individuals above the age of 65 years. The age-specified data is the organized according to the gender, racial factors, occupations (with a list of over 500 occupations), and industries (over 300).

Various summary statistical tables are available on the website of National Occupational Mortality Surveillance; however, special information can also be ordered by placing the inputs to generate individual analysis. Below are the results:

18 Professions Where People Most Likely To Kill Themselves (White Men)

Data for white males is the primary focus because of the high demographical representation of white males.

Professional

Times More Likely to Commit Suicide than Average

Physicians

1.87 times

Dentists

1.67 times

Veterinarians

1.54 times

Finance workers

1.51 times

Chiropractors

1.50 times

Heavy construction operators

1.46

Urban planners

1.43 times

Hand molders

1.39 times

Sellers of real estate

1.38

Assemblers of electrical equipments

1.36

Lawyers

1.33 times

Lathe operators

1.33 times

Farm managers

1.32 times

Operators of heat treating equipments

1.32 times

Electricians

1.31 times

Precision woodworkers

1.3 times

Pharmacists

1.29 times

Natural scientists

1.28 times

White Women

  • Among white women, physicians are at the highest risk as discussed previously. The rate is 2.78 higher when compared to non- physician general population.
  • Likewise, sales related jobs are equally stressful with male dominance and sexual harassment issues leading to a higher rate of 2.43 when compared to general population.
  • The third highest risky profession that is associated with suicide is women in law enforcement agencies (detectives and police), with a rate of 2.03 times than that of general population.

Black Men

  • Highest suicide rate in black men is reported in detectives and police officers (2.55 times higher)
  • Operators of furnaces are 2.01 times more likely to commit suicide
  • Third highest occupation- associated suicide rate is noted in electricians (1.78 times than that of general population)

Black Women

  • Black women in protective service jobs are 2.78 times more likely to commit suicide
  • Second highest rate of suicide is reported in sales representatives (who are twice as likely than average)
  • Third highest occupational suicides in black women are reported in packaging service operations (the rate is about 1.96 times than that of general population)

You’ll notice that Farmers are low on the list…don’t worry folks nothing is that bad for me to consider the Hari-Keri route…However I do have to ask how long before we see Property Preservation Specialist on this list??? Natural Scientists…wonder if those are the ones working for Monsanto?????

Labor must analyse their position and strongly consider joining IAFST. Remember United we stand Divided we fall.

It is time for labor to come together.

Stories to look for over the weekend…Once again Jay Gocinski and MRS are in the news. I have been receiving NUMEROUS inquiry’s in regards to MRS. In addition, a company, Colonial Property Group. For whatever reason this company doesn’t want anyone reviewing their contract prior to one providing all the information for Identity Theft. I made the request yesterday and received an application asking for a lot of personal information. Nothing about a contract. mmmmmmmmmm makes you wonder what clauses there are that will place you in the Catch 22.

Until Next Time

Happy Gardening

Written By: Aaron Aveiro

Sources: The Anti Media and The New Health Guide

Opinions Expressed do not reflect those of Aladay LLC Ownership.

Photograph courtesy The Anti Media website.

Order Mills and the Property Preservation Industry (PPI)

Organics Admin
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Organics Admin

COO at Aladay LLC
Organic Farmer, Property Preservation Specialist and Custom Glass & Wood Worker. Blogger extraordinaire...
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An Industry White Paper…A Perspective From The Contractors

Approximately 18 months ago the following Industry White Paper was released. To demonstrate just how stagnant Eric Miller and his National Association of Mortgage Field Services…Better know as The Offender Members of Team Regime…have become…

Well I just figured I’d go ahead and reprint the Industry White Paper…I mean really now I’m getting much more traffic on this sight than I was 18 months ago and since there has been very little change…well go on and take a read and you’ll see what I mean…

Knock Knock…can you hear me now???

Order Mills and the Property Preservation Industry (PPI)

A Perspective From The Contractors
An Industry White Paper
By D. Paul Williams
coo@foreclosurepedia.org
April 2013 Page 2 Foreclosurepedia Legislative Group
Contents
Executive Summary ………………………………………………………………………………………………………. 3
Introduction ………………………………………………………………………………………………………………….. 4
Solution Overview ……………………………………………………………………………………………………….. 5
Conclusions ………………………………………………………………………………………………………………….. 8
Figure 1: Work Orders Reduction In Price By Order Mills …………………………………………. 5
April 2013 Page 3 Foreclosurepedia Legislative Group

Section 1
Executive Summary

Since the beginning of the foreclosure crisis the typical architecture from the Bank Real Estate Owned (REO) or United States Department of Housing and Urban Development (HUD) REO to Contractor has always included what is commonly referred to as an Order Mill. The Order Mill acts as an intermediary between the issuer of a bulk set of work orders which allow for services to be rendered on a property to the contractor. Closer examination of the established system today reflects the fact that the hierarchy consists of Bank REO (financial institutions) being the Initiators of work orders to National Provider Order Mills (NPOM) such as Safeguard Properties, MCS, LPS and others. On the HUD REO side National Providers may include A2Z Field Services, AMSREO, PK Management Group and Sentinel Field Services.
When a National Provider receives a bulk set of work orders they, by-in-large, package these into new work orders for dispatching to Regional Provider Order Mills which include a list of Companies far too numerous to list. Throughout this process the common reduction of pricing is between twenty to thirty percent (20% – 30%) although this is not standardized as there are no regulations establishing either caps upon payment for Order Mills nor the amount of Order Mills allowed to perpetuate the work order. This White Paper limits its scope to the process of Order Milling itself as an integral component of wealth reduction to contractors while additionally deteriorating the Return on Investment (ROI) by both Bank and HUD Clients.
April 2013 Page 4 Foreclosurepedia Legislative Group

Section 2
Introduction

Order Mill (OM) issues have been studied by the Property Preservation Industry (PPI) for years. The National Association of Mortgage Field Services (NAMFS) has purported to advocate on behalf of Contractors for years; however, to date, no tangible results have been articulated by NAMFS for any other Membership Class other than that of NPOMs.
The current White Paper targets a customer who is now ready to migrate away from what we consider to be both cost prohibitive and quasi legal. To demonstrate the migration we have assembled a PPI wide perspective with statistics and information assembled from Contractors as both NAMFS and both NPOMs, RPOMs and all other Order Mill Providers have refused, to date, to provide any data for use within the Contractor environment.
By-in-large, NPOMs contract with RPOMs whom then hire Otherwise Unspecified Order Mills (OUOM) to distribute their Client’s work orders. This process egregiously dilutes the amount of money a Client invests in that with one (01) NPOM and two (02) RPOMs only twenty to twenty five cents on the dollar actually make it to the Property in the way of tangible work product. Additionally, with recent demands by all aforementioned to collect Social Security Numbers (SSN), Driver’s License Numbers (DLN) and other personally identifiable information on Contractors and their Sub Contractors, the relationship is legally that of an Employee as opposed to Contractor; however, that is not within the scope of this White Paper.
The exposure to liability when coupled with the misfeasance prevalent today plots a course calculated to ensure both lackluster ROI and the more readily identifiable nightmare of McNamara – O’Hara litigation.
April 2013 Page 5 Foreclosurepedia Legislative Group

Section 3
Solution Overview

To demonstrate a flow chart of how a work order moves through the current system refer below.
Figure 1: The Order Mill Dilutes The ROI of a Client’s Work Order
The architecture is the same in all cases. This is a calculated system to ensure that Clients pay and pay and pay. While NPOMs are necessary evils, it is quite obvious that the RPOMs and OUOMs are unnecessary and detrimental to the Initiators of the work orders.
RPOM
RPOM
NPOM
NPOM
RPOM

NPOM
Bank of America, JPMorgan, Wells Fargo, FannieMae, FreddieMac, etc.
Contractor
Safeguard Properties, et al.
Initiating the Work 3 Layers @ 60 – 80 %
ACAS, Midwest Metro, Pinelands, et al. CooperCitiWest, Midwest Metro, et al. OUOM

A2ZFS, AMSREO, PKMG, et al.
20 – 30 % Reduction

OUOMs20 – 30 % Again

Final Arrival of Order
Contractor
20 – 35 % of Original
Final Arrival of Order
Return on Investment
April 2013 Page 6 Foreclosurepedia Legislative Group………….This section actually has a very spiffy flow chart that spells out just how much fraud is being committed by the Team Regime Offender Members. If you would like a copy, since I’m not tech savvy enough to get the flow chart in the article… for you records please contact us today and we’ll send you this extremely critical and factual Industry White Paper…

Section 4
Migrating the Madness

Migrating the madness wherein Order Mills are both inefficient and additional aspects of liability is a topic wherein Foreclosurepedia has been at the forefront of discussions for the better portion of a year.
Foreclosurepedia posits the fact that NPOMs are generally equipped to handle the more complex aspects of database development and implementation. Albeit, NPOMs are heavily invested and addicted to a Microsoft based system, there seems to be absolutely no interest in infrastructure. Most worrisome is the heavy dependence upon the Aurigma Photo Uploader. Virtually all NPOMs and RPOMs utilize this archaic instrument which forces ActiveX to be installed. Additionally, the OUOMs rely upon a plethora of backwoods of unencrypted File Transfer Protocol (FTP) and the transfer of both photos and Confidential Client Data over unencrypted email.
This, in and of itself is extremely dangerous when juxtaposed with Open Source Platforms (OSP) readily available. The reality is that the sever infrastructure, the Platforms; in essence everything utilized including the MySQL databases are OSP. Further adding to the quandary is the hodge podge creation of a plethora of cellular telephone applications (CTA) which are unique and specific to NPOMs, RPOMs and even some OUOMs. With no long term update support nor dedicated teams to examine the security environments both Contractors and Clients are at constant risk.
Figure 1 addresses the primary scope of this White Paper in that roughly 25 cents of every dollar is actually applied to a Client’s Property. While this may be tolerable in the Public Sector, the Private Sector should be quite alarmed. In a Trillion Dollar Industry this translates to $750 Billion dollars going to overhead. No financial institution, with a requirement to perform on behalf of shareholders, should allow this to continue.
Additionally, the not so obvious reality is that currently the PPI is rife with over billing, double billing and improper submission of billing. One of the most common practices is that a Contractor will submit a bid to the RPOM or OUPOM. The UPOM then submits the bid to the RPOM and then finally to the NPOM. At each step, the original bid from the Contractor is inflated. The Client then receives a flat bid which may or may not be that which the Contractor was willing to do the bid for. At all points-in-time discussed, electronic means are used to cross state lines. If the Client had direct access to the Contractor there would be less of a margin for error in the malfeasance of the aforementioned bidding process. The common PPI process is to require the Contractor to submit a bid on Letterhead and then accept a reduced payment under penalty of loosing all future work from the OUPM, RPOM or NPOM. Conservatively speaking, more than eighty percent (80%) of all bids in the Bank REO side suffer this fate.

The final point to address is the fact that NPOMs are functioning in two distinct and quasi legal capacities which expose Clients to liability. First, REO properties are generally either pre or post conveyance. Pre conveyance generally refers to the fact that it is a Bank REO Property. Post refers to when a Property is placed into the HUD REO Inventory. During this process HUD is to be allowed the opportunity to reconvey a Property for a plethora of reasons. This, though, rarely happens because the NPOM whom is awarded the HUD Marketing and Management (M&M) Contract almost always receive additional work from other NPOMs whom would be financially impacted by a reconveyance. Accordingly, HUD and thus the taxpayer foot the bill for Properties which should have never ended up in the HUD REO Inventory. On this point, HUD initiated a new regulation (5.1.12.5) wherein no one is allowed to service both pre and post conveyance Properties specific to the same address. No system has yet been implemented to address this issue, to date.
April 2013 Page 8 Foreclosurepedia Legislative Group

Section 5
Conclusions

The reality is that NPOMs will be a necessary evil, for a period of time, until the PPI stabilizes and both the US Government and Financial Institutions are better equipped to issue their own work orders to Contractors. On this note, if both the Financial Institutions and US Government refuse to either implement administrative caps upon the NPOMs and remove the RPOMs and OUPMs litigation is imminent. Legislation is the only means identifiable as the PPI refuses to self regulate. More on point, the billing of these excessive administrative fees are generally passed through to the original loan holder (Homeowner) and that, in and of itself, will create an avalanche of new litigation.
NAMFS, albeit a PPI spokesperson, is not best suited for addressing the issues presented within this White Paper. They refuse to sanction their own Membership for ongoing irregularities and are thus not well situated to objectively and without bias identify problems let alone solutions.
As both Financial Institutions and the US Government begin to realize the necessity of fiscal responsibility it is apparent that both need to come together, without the PPI, and create a Blue Ribbon Panel to examine the injustices created by the Order Mills at all levels.
The reality is that the United States Real Estate Market is one of the last pillars of our economic system. Allowing the current unregulated activities to continue poses a clear and present danger to the National Security of the United States and its Allies Globally.
April 2013 Page 9 Foreclosurepedia Legislative Group
This White Paper is for informational purposes only. FORECLOSUREPEDIAMAKES NO WARRANTIES, EXPRESS OR IMPLIED, IN THIS WHITE PAPER. FORECLOSUREPEDIA cannot be responsible for errors in typography or photography.
Other trademarks and trade names may be used in this document to refer to either the entities claiming the marks and names or their products. FORECLOSUREPEDIA disclaims proprietary interest in the marks and names of others.
©Copyright 2013 FORECLOSUREPEDIA. All rights reserved. Reproduction in any manner whatsoever without the express written permission of FORECLOSUREPEDIA is strictly forbidden. For more information, contact FORECLOSUREPEDIA.
Information in this document is subject to change without notice

Now I’m sure some are going to…well…I patiently await notification of whom receives the first phone call today…is that sleigh bells I hear????

 

Hey I hope you have enjoyed this trip down memory lane…what’s that??? Is that you Little Man???

In the tiniest of whispers imaginable you could hear Little Man say…It’s still the same DUMMY!!!!!!!!!!!!!!!!!!!

OpNAMFS-1024x575

Hey Until Next Time…

Happy Gardening

Opinions expressed do not reflect those of Aladay LLC Ownership