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Property Inspection and Preservation 

 

LPS Field Services has developed and maintained a nationwide field force for more than 35 years. Today, our multi-tiered force of more than 3,500 experienced, reliable independent inspectors and 1,000+ insured independent contractors can provide you with prompt and comprehensive inspection and preservation services throughout the United States.

Inspection Services:

Request Verification

Every inspection request transmission is verified for data content and receipt by a proprietary program of LPS Field Services. This ensures that the entire file is received. Also, a notice of the number of requests received can be automatically sent to you – a value-added service we provide at no additional charge to our servicers.

Daily Inspection Results

LPS Field Services knows how important it is to have information about the property in a timely manner. In order to facilitate your turnaround needs, we transmit the inspection results every day.

Automatic Cancellations

LPS Field Services offers LPS customers the ability to cancel inspections electronically. This fully automated feature enables our customers to cancel requests avoiding unnecessary borrower contact reducing field service costs.

RepScape

Our inspectors receive inspection requests from us and return the completed results via a unique server-based program called RepScape. This functionality allows us to quickly route requests to our inspectors ensuring accuracy and timely work.

Comprehensive Inspection Services

  • Property Inspection Reports
  • Occupancy Verification
  • REO Occupancy Status Inspections
  • Rush Inspections and Occupancy Verifications
  • Evening Occupancy Verifications
  • Sale Date Inspections
  • Insurance Loss Inspections
  • Natural Disaster Inspections
  • Quality Control & Annual Inspections
  • Photographs

Preservation Services:

We ensure that the field service professionals we put to work for you are current with all applicable FHA and VA guidelines, including cost limitations as well as the proper procedures for securing, winterizing and maintaining property. We supply complete written and photographic documentation of all work performed.

Speed & Accuracy

Our contractors receive work orders from us and then return the completed results via a unique internet-based program called PreServeScape. This functionality allows us to quickly route requests to our contractors, ensuring accuracy and timely work.

Quality Tracking & Pricing

Contractors submit bids prior to performing any work that will exceed allowable charges. We provide a running total of expenditures and a detailed list of all maintenance performed. We take extra precautions to protect you from disallowances due to incorrect pricing and unauthorized work.

We back all work performed with a multimillion dollar insurance policy, including coverage for errors and omissions.

Comprehensive Preservation Services

  • Winterization
  • Lock Change
  • Eviction Attendance
  • Pool Covering
  • Exterminating
  • Debris Removal
  • Window Replacement/Screening/Board Up
  • Water Pumping
  • Bids/Estimates
  • Conveyance Preparation
  • Roof Repair

Industry Leadership

As a charter member of the National Association of Mortgage Field Services, Inc. (NAMFS), we utilize our position to stay informed of industry developments and government reforms. We also:

  • Continuously monitor HUD and VA regulations for changes, additions and deletions
  • Maintain a database of all local and regional allowable protection and preservation prices
  • Stand behind our work and for additional protection, we maintain comprehensive insurance, including errors and omissions coverage.

Other Preservation Guidelines

With regard to conventional loans, there is no predetermined set of preservation guidelines available for government loans. Freddie Mac and Fannie Mae specifications provide some assistance, but are general in nature. Therefore, LPS Field Services typically determines specific guidelines for conventional loans in cooperation with its clients.

For more information Click Here or call 1.440.633.4000.