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Tag Archives: Property Preservation

Mortgage Contracting Services Launches Vendor eLearning Portal

Mortgage Contracting Services (MCS), a Florida-based provider of property preservation, inspections, and REO property maintenance services, has introduced its Vendor eLearning Portal. The online platform enables 24/7 access to educational modules and reference documents on preservation guidelines as well as compliance topics. MCS maintains a nationwide network of licensed and insured preservation subcontractors.

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To Protect Properties From Criminals, Realis Says Sell Them Faster

Abandoned and foreclosed homes can quickly become hotbeds for criminal activity. Empty houses are looted for copper and appliances, illegally inhabited by squatters, or commandeered for drug trafficking and prostitution. According to Realis Real Estate Software, such activity not only negatively impacts the neighborhood in which it occurs, but it prolongs the time it takes to sell the property. Lauren Roberts, founder of Realis and 25-year REO veteran, says one way to protect foreclosed homes from criminal infiltration is to put them into the hands of new buyers.

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Safeguard Properties Awards Scholarships to Code Enforcement Officials

Safeguard Properties was recognized at the annual American Association of Code Enforcement (AACE) conference in Nashville, Tennessee this month for providing scholarships that allowed eight code enforcement officials from across the country to attend the conference. This was the first time that a property preservation company or member of the mortgage industry has sponsored code enforcement officers to attend the conference.

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Field Asset Services Hosts First Annual Vendor Conference

Field Asset Services (FAS) announced Tuesday the kickoff of the company's first annual vendor conference titled FAS and FURIOUS! in Dallas, Texas. More than 1,000 REO and property preservation professionals from all over the country, representing over 600 companies, will converge in Dallas to take part in FAS's inaugural vendor conference.

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IMS Offers Solution to ‘Defective Drywall’

Integrated Mortgage Solutions (IMS) now offers a cost-effective, long-term solution to defective drywall, a problem that has plagued thousands of homes, particularly along the Gulf Coast. The term defective drywall refers to a type of drywall that releases sulfur compounds, especially in warm, moist climates. Salvaging a home with defective drywall required major reconstruction to replace all the drywall in the structure, but IMS now offers an on-location solution that requires about one-third of the time and about one-half of the cost of traditional methods.

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Mortgage Contracting Services Names SVP of Strategic Initiatives

Mortgage Contracting Services LLC (MCS), a nationwide provider of property preservation, inspections, and REO property maintenance, announced Monday that Marc Hinkle has joined the company as SVP of strategic initiatives. In this position, he will focus on enhancing the client experience and integrating new technologies. Hinkle joins MCS after more than 17 years at PHH Mortgage, most recently as VP and servicing manager.

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Green River Capital Enhances Rental and Property Management Program

Green River Capital (GRC) announced Wednesday that the company has enhanced its rental and property management program. GRC says its program serves as an REO alternative to help lenders preserve and maintain their properties by taking on tenants. The company's rental program enhancements come at a time in which the Obama administration has requested proposals for new rental strategies for foreclosed properties.

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Neighborhood Stabilization: A Nationwide Community Effort

Nonprofits across the country are partnering up with lenders and government agencies to minimize neighborhood blight caused by vacant foreclosed properties. The topic was part of the curriculum at the Five Star Default Servicing Conference and Expo, and the panelists found themselves speaking to a full house. Paul Kaboth with the Federal Reserve Bank of Cleveland started the discussion by stressing that a marketplace strained with high levels of REOs and vacancies will persist for at least another five years.

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Field Asset Services Unveils New Pre-foreclosure Service Avert

Field Asset Services (FAS), a nationwide provider of field services to the REO industry, announced the availability of a new pre-foreclosure service called Avert this week. The company explained that by utilizing integrated technology and building on FAS's experienced staff, Avert offers banks and servicers, for the first time, a single source solution to reduce default expenses and avoid foreclosures.

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Safeguard Properties Announces Two Management Promotions

Safeguard Properties recently announced two key promotions within its management team. Kathy Cogan has been promoted to the new position of assistant vice president of account management, reporting directly to Safeguard CEO Alan Jaffa. Bryan Moledor has been promoted to director of REO account management in the expanded account management and customer service department within the REO service line.

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