Tag Archives: Inspection

The National Fair Housing Alliance announced the fourth amendment of its discrimination complaint against Bank of America Thursday with the addition of five new cities. The amended complaint now includes 20 metro areas in which NFHA alleges Bank of America has neglected to maintain and market foreclosed and REO properties in minority neighborhoods. NFHA says it will release even more evidence early next year, but according to BofA, the group's accusations are ""simply untrue.""

Mortgage Contracting Services (MCS) announced that Paul Lee has been named CFO. Lee will work in the company's North Texas office, succeeding Michael Carroll, who is retiring after serving more than eight years in the position.

Default servicing technologies are solving the most foreboding of challenges and revolutionizing the way business is conducted. From enabling process servers to validate their work straight from the field to standardizing background checks for property preservation vendors, today's solutions reinforce the mobile nature of the business and demonstrate a commitment to regulatory compliance and consumer protection.

Cityside Management Corporation opened its doors in Manchester, New Hampshire, back in 1998 with a single government contract in hand to manage housing units in five New York boroughs. Since then, it has developed into a large-scale, single-source real estate portfolio management services company that serves major markets coast-to-coast with five field offices throughout the United States.

Dawn O'Connor has just joined Energy REO Solutions as the company's president. In this role, she will manage and lead all operations from the company's headquarters in Minnesota. A 30-year veteran of the mortgage banking industry, O'Connor was previously VP of default operations for Nationstar Mortgage.

Safeguard Properties announced Monday that as of the start of October, its Compliance Connections division has processed more than 10,000 code violations for the 2012 calendar year and has grown its roster of participating municipalities to 600. Both milestones represent an annual growth rate of over 300 percent.

Mortgage Contracting Services LLC (MCS) commemorated the official opening of its newest facility in Ruston, Louisiana, this week with a ribbon-cutting event. MCS provides property preservation services, inspections, and REO property maintenance to mortgage servicers nationwide. The Ruston facility is the company's third.

As of December 31, 2011, the Hardest Hit Fund (HHF), which is meant to fund innovative measures to help families through the housing crises in hardest hit states, has spent just 3 percent of its budget since its February 2010 inception, a report published by a watchdog organization for taxpayers revealed Thursday. More specifically, as of the end of 2011, HHF spent $217.4 million of the $7.6 billion available for the program, and has provided assistance to just 30,640 homeowners, which is about 7 percent of the 458,632 to 486,536 homeowners it is estimated to help over the life of the program, which ends in 2017.

For those juggling a list of REO properties that must be managed and maintained, Mobile Business Concepts created an app and software to make the process smoother and more efficient. REO Photo, the app's name, will help contractors get organized through features such as the ability to assign jobs, track progress, and document work with photos.

Property code violations come in all shapes and prices, but Field Asset Services (FAS) narrowed the list down to the top 10. The list is based on FAS's 30 mortgage and asset management clients; the company services more than 130,000 active properties on an ongoing basis. ""Cities and local municipalities across the nation are becoming more vigilant towards issuing code violations to reduce blight and improve neighborhood conditions,"" said Dale McPherson, CFO of Field Asset Services.