Short Answer: Because it’s the law. Answer Explained in Detail: Fannie Mae passed a regulation (Announcement SVC-2011-08R) on September 2nd 2011 that on page 4 says:
Standardized background checks are important because the field service business is an elongated, tiered process. It starts when a financial institution issues a work order to inspect or perform workRead More
After hundreds of lawsuits and thousands of complaints, banks are finally pushing for reform. The measures are meant to screen out people convicted of felony criminal offense, such as theftRead More
As mortgage field inspectors, we are required to inspect vacant properties. Often times we encounter mold in the home and depending on your immune system, this can cause instant headaches as well asRead More
Mortgage Field Service contractors are faced with the dilemma of providing occupancy verification and letter delivery services to all sorts of properties for their clients. Properties with “No Trespassing” signsRead More
As an independent contractor to any company it is important to understand that your email address (or other communications for that matter) reflect your professionalism. You can keep your personalRead More
Mortgage Field Services: Automated Data Processing Mortgage field service companies that hire independent contractors need automated data processing software to remain competitive in the field services business. A service companyRead More
