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Tag Archives: Inspection

New Inspection-Warranty Product Protects Foreclosure Buyers

Buyers Protection Group, LLC, (BPG) recently launched a ""buyer's bundle"" that provides protection and savings for those who purchase bank-owned, foreclosure, or short-sell properties. The bundle combines the benefits of a professional home inspection with a 12-month home warranty. The company says while vacant or distressed homes can be a great value, they can pose unique challenges to homebuyers, highlighting the need for a professional inspection and extended home warranty.

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Mortgage Contracting Services Names New AVP of Operations

Mortgage Contracting Services LLC (MCS) announced Tuesday the addition of Charles Mangan as assistant vice president of operations. Working out of the Dallas office, Mangan will oversee property preservation activity of the company's REO clients and contribute to MCS' overall strategy for preserving the country's communities while also minimizing servicers' risks and costs to do so, according to a statement from the firm.

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Field Asset Services Makes Changes to Enhance Vendor Relationships

In a move to increase vendor communication and provide higher quality services to customers, Field Asset Services, whose business is tailored to the REO industry, has announced several organizational changes. The company says the restructuring will allow FAS to bring greater efficiencies and savings to its clients, while increasing scalability, reducing turn-times, and solidifying long-term relationships with its vendor network.

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Clear Capital Unveils New Property Inspection Tool

Clear Capital has released its new Property Condition Inspection (PCI) tool. The new product provides a property's physical condition and characteristics, supplementing automated valuation models (AVMs) in accordance with new requirements from the Interagency Appraisal and Evaluation Guidelines (IAG) issued by federal regulators.

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REO Tech Firm Offers Refresher on Sound Agent Practices in the Field

With foreclosures expected to rise through 2012, Realis Real Estate Software recently offered tips for REO agents to avoid legal trouble when working with multiple foreclosure properties. The Denver-based workflow management software firm says foreclosure fraud is also increasing, which means potential damaging litigation. Realis says for agents, it all boils down to integrity, organization of all key data, and documentation.

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eMortgage Logic Releases Collateral Assessment Report

eMortgage Logic has launched a collateral assessment report (CAR) that can join with an automated valuation model (AVM) in response to the recently published Interagency Appraisal and Evaluation Guidelines. Using its network of preferred brokers, eMortgage Logic's report addresses the content criterion necessary regarding a property's current physical condition and local market influences.

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Real Property Insight Selects Mercury Network for New Valuation Service

The Oklahoma-based technology developer a la mode has teamed up with Real Property Insight to bring the industry a new valuation service for distressed assets. Real Property Insight is a specialized integrator of information and services focused on distressed asset disposition, and the company has selected a la mode's Mercury Network Vendor Management Platform to manage the valuation portion of its new product, the Real Property Insight (RPI) Report. a la mode estimates this valuation service will save the industry approximately $72 billion.

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Mortgage Contracting Services Names Chief Information Officer

Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections, and REO property maintenance, announced Wednesday the addition of Frank Elmore as chief information officer. Elmore is the first individual to hold this position at the company and, beyond overseeing MCS' technology department, is responsible for managing all information technology and computer system initiatives that support corporate operational goals.

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Field Asset Services Unveils Inspections Services for Banks

Field Asset Services (FAS) now provides inspections services. With this new offering, FAS is expanding Collateral Command, the company's single source solution for all services required to manage foreclosed and REO properties. The company has fine-tuned the sometimes subjective and uncertain process of inspections to provide lenders and servicers with a ""fool-proof"" service, employing a national network of more than 6,000 qualified, full-time inspectors trained and experienced in property collateral and foreclosures.

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Stewart Lender Services Announces Three Key Partnerships

Stewart Lender Services, a nationwide provider of centralized origination, loss mitigation, and REO asset solutions for mortgage lenders and servicers, has announced three key partnerships that will allow the company to expand its service offerings. Stewart is collaborating with Inglet Blair, LLC, Spectrum Field Services, and Field Asset Services.

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