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Field Asset Services Unveils Inspections Services for Banks

Texas-based ""Field Asset Services"":www.fieldassets.com (FAS) now provides inspections services. With this new offering, FAS is expanding ""Collateral Command"":http://www.fieldassets.com/collateral-command, the company's single source solution for all services required to manage foreclosed and REO properties.
[IMAGE] ""The ability to maintain high levels of quality in light of the volume of REO and foreclosed properties has presented some unique challenges for the industry,"" said Dale McPherson, president of FAS.

McPherson continued, ""FAS fine-tuned the sometimes subjective and uncertain process of inspections to provide


banks, servicers, and lenders a fool-proof service…. This excellence in service will speed up foreclosure and REO sales, and by eliminating subjectivity, it will empower servicers with more accurate results around the occupancy and condition determinations.""

FAS' inspections services provide banks with a single point of contact to manage the inspections process. The company offers a national network of more than 6,000 qualified, full-time inspectors trained and experienced in property collateral and foreclosures.

According to a statement from FAS, the new service will provide occupancy, pre-sale, compliance, or specialty inspections as well as online delivery, reporting, and status of inspections completed in the field.

FAS introduced the industry's first ""certified service record"" technology, FASconnect, in 2010, allowing the company to authenticate photos taken at the property through time, date, and GPS capabilities.

""By leveraging proprietary and revolutionary technology to deliver an unalterable digital record of the time, date, and GPS coordinates of the photo, FAS can certify the reliability of the inspection. This is truly unique to the field services industry,"" McPherson said.

About Author: Heather Cernoch


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