Tag Archives: Inspection

Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections, and REO property maintenance, reached a key company milestone Monday, celebrating 25 years in business. The company says it is particularly excited to achieve this mark of longevity because of the challenges it has overcome, weathering varying market cycles over the last quarter-century and adapting to extreme volume fluctuations and regulatory requirements.

Assurant Property Advantage, part of Assurant Specialty Property's lending solutions group, announced Thursday that it is expanding support for property preservation, restoration, and inspection services available to residential mortgage servicers and lenders. The company provides lenders and servicers with a single point of contact for abandoned property maintenance services via its nationwide network of contractors, service professionals, and inspectors.

Real Info, Inc., a national technology provider of real estate data and automated valuation models (AVMs), is offering AVMs with property condition reports designed to meet new regulatory appraisal and evaluation guidelines. Real Info contracted with Safeguard Properties, the nation's largest privately held mortgage field services company, to provide third party condition inspection reporting with full photo documentation.

Mortgage Contracting Services (MCS) announced Tuesday the availability of REO Check, an inspection service to assist servicers with ongoing, independent on-site assessments of their foreclosed inventory throughout the REO lifecycle. Whether done on a monthly, biweekly, or weekly basis, MCS' REO Check provides information about each property's overall interior and exterior condition, noting such things as the presence of any hazardous conditions or posting of code violations.

Dallas-based 3Point Lender Services, a national property preservation, inspection, and repair and rehab company, has relocated its national headquarters to a larger facility in Addison, a Dallas suburb. The company says rapid growth and continued proximity to key clients was the driving force behind the move.

Cyprexx Services LLC has a new online look. The Florida-based default and REO field services firm has just launched a completely redesigned Web site and Web portal. The new layout offers improved navigation features and provides both clients and vendors an easier-to-read site. In addition to offering more information about new releases and updates to the company's technology platform, the new login panel provides users with special enhancements that include an improved property search page to return results faster.

Mortgage Contracting Services LLC (MCS), a Florida-based nationwide provider of property preservation, inspections, and REO property maintenance to the financial services industry, announced three new company VPs on Tuesday. Todd Luckey was promoted to VP of REO operations, Megan Stinnett was promoted to VP of inspection operations, and Chad Mosley was hired as VP of business development.

Default Resource has developed a new report that will inspect and oversee work performed by REO and short sale listing agents. The company sends out independent inspectors to listed REO homes to check that the home is properly maintained, has a lockbox in place, is listed correctly in the MLS, and to detail any hazardous conditions on the property. Default Resource says it allows servicers or investors to know at a glance how their real estate sales partners are performing.

National Creditors Connection, Inc., a provider of field contact, loss mitigation, and onsite inspection services, has developed a nationwide property inspection/occupancy verification service to provide servicers with a snapshot of property condition and occupancy of a loan in foreclosure. The company says this service accommodates industry standard requirements set forth by the GSEs and will help servicers determine the best resolution for troubled loans.

Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections and REO property maintenance, is now providing photo inspection services to supplement the traditional data required for valuations, proof of property condition, and other verification reporting.