Home / News / Foreclosure / IVS Introduces Automated Inspections for Distressed Properties
Print This Post Print This Post

IVS Introduces Automated Inspections for Distressed Properties

""Infinity Valuation Services"":http://www.ivsbpo.com (IVS) announced Monday that it now provides a fully-automated inspection form to support its valuation services for distressed properties.
[IMAGE] The Utah-based company works with thousands of real estate agents across the country to provide interior and exterior broker price opinions (BPOs), appraisals, and property inspections.

IVS explained that as an integrated component of its BPO system, the new form now enables the company to tailor report information to streamline the inspection process and better meet the needs of clients.

The automated inspection form provides the answers to a series of questions about the property including:

* Details about the current condition (interior and/or exterior)


* The need for repairs or maintenance
* Occupancy status
* Listing detail and nearest comparables
* Code violations (potential or confirmed)

""As an expert in the distressed property industry, we have created an automated form that is designed to address the specific questions and concerns of organizations regarding their distressed assets,"" said Chris West, president and CEO of IVS. ""The form enables IVS to add components to the inspection to address specific concerns our clients have about their respective portfolios or pool of assets. Once the property has been inspected, agents can easily enter the information and upload the corresponding photos for immediate delivery to our clients.""

IVS explained that the form can also be used to check on listing agents to ensure they are maintaining properties for maximum buyer attention at a fraction of the cost of sending staff on inspections.

In addition, a bank or financial institution can use the form to check on the quality of the agents used to manage their REOs. A loan servicer can use the form to check on the condition of a property immediately prior to a foreclosure sale or after a natural disaster and traders can use the form to ensure bulk sale properties are in saleable condition before finalizing a bid.

IVS is the sister company to ""Green River Capital"":http://www.greenrivercap.com, an REO asset management and loss mitigation provider, and to ""Green River Financial"":http://dsnews.comarticles/green-river-capital-launches-short-sale-management-company-2010-05-24, a short sale program provider.

About Author: Carrie Bay

Carrie Bay is a freelance writer for DS News and its sister publication MReport. She served as online editor for DSNews.com from 2008 through 2011. Prior to joining DS News and the Five Star organization, she managed public relations, marketing, and media relations initiatives for several B2B companies in the financial services, technology, and telecommunications industries. She also wrote for retail and nonprofit organizations upon graduating from Texas A&M University with degrees in journalism and English.

Check Also

Innovation Expert Appointed Stewart’s VP of Enterprise Operations

Stewart CEO says the addition of Stephanie Silcott will position the company to deliver progressive solutions to consumers and customers alike.

Your Daily Dose of DS News

Get the news you need, when you need it. Subscribe to the Daily Dose of DS News to receive each day’s most important default servicing news and market information, absolutely free of charge.