Changes in property preservations happen often, causing firms in the asset management space to continuously overhaul their operations.
At the SourceMedia Mortgage Servicing Conference, panelists discuss how to keep up with the changes in the session "Pressue Points: Managing Transitions in Property Preservations from the Top Down."
"The auditor is driving much of the change, but it really needs to be driven by the business owner. It is really important that during the action-planning phase that the business owner has as much say as the auditor," said Kellie Chambers, assistant vice president of property preservation at Safeguard Properties.
Rob Hicks, first vice president, industry relations for LPS Field Services, expanded saying, "Take the time to sit down with the auditors to help them truly understand the business." It will take extra time, but it will be more efficient in the long run.