Investors today crave certainty, the kind that results from lots and lots of data points. To provide that degree of assurance, field service providers have taken data collection to a whole new level. Just in the last 12 months, the explosion of available real-time data is driving a new model of field servicing that would have been unrecognizable in the past.
The biggest challenge in field services is the ever-changing regulatory environment and scrutiny the mortgage servicing industry is under, according to this Q&A with Alan Jaffa, CEO of Safeguard Properties. But that's just the beginning.
Safeguard Properties, the mortgage field services provider, announced the promotion of Michael Greenbaum to the position of chief operating officer. Greenbaum, who joined Safeguard in 2010, previously served as vice president of operations.
The hazard claim business line will be based in Dallas, TX, and will be lead by industry veteran Brad Bordelon. Bordelon brings experience in hazard insurance claims, inclusive of property catastrophe adjusting and construction management to his new position with ZVN.
Simply put, property preservation work includes, but is not limited to, securing the property, removing debris and mowing the lawn. However, this simplified definition does not begin to scratch the surface of the broad, and often complex, range of services performed by field services providers.
With so many changes taking place in the default servicing arena, with heightened focus on regulations and compliance issues, one solution being chosen by some lenders, servicers and investors is to contract with multiple field service providers, rather than a single “national” provider.
Good news for SecureView: The company landed a giant deal with Fannie Mae, which is officially requiring vendors to install the distinct, clear boarding to secure vacant properties. The contract is being rolled out, gradually, in many states.
Despite numerous reports indicating that there has been a deep decline in foreclosure inventory over the past several months in many markets, the reality, as chronicled in several articles recently penned by this author and others, is that foreclosure rates are very likely to rise again in the not-too-distant future.
Mere stats don't tell the real story of these outstanding leaders. They represent the whole spectrum of the housing economy, from real estate agents to originators to nonprofits. They lead companies, mentor others and give back to their communities. Read on to find out how each one is inspiring..
HousingWire covered the introduction of Costco into the mortgage lending space and it made the industry nervous. Lenders openly asked each other at conferences, “Who will be next? Google, Apple?” Well, that never happened. Here's the story why, in long-form feature. Read More
From both an operational and regulatory standpoint, the industry continues to progress as new technological advancements are made and new regulations and policies are implemented. While it is important to change with the times, it is equally important to define and maintain the very essence of your company’s own core vision and values, so that you can succeed regardless of the inevitable changes the industry will undergo. Read More