Property Preservation Support Services: How to choose the right partner to outsource it?

Property preservation can be quite overwhelming for any thriving business. Any company that plans to outsource property preservation support services to keep its core business unfettered is making a wise choice.Overlooking even a minor mistake can carry serious consequences on the company as well as their client. While outsourcing property preservation services, it is important…

Impact of COVID-19 on delinquencies

Impact of COVID-19 on delinquencies The residential real estate is experiencing conflicting situations at present. On one hand the demand for housing has paced up due to record-low mortgage rates. On the other hand, mortgage loan performance has deteriorated since the onset of the pandemic. Delinquency rates have spiked up alarmingly in the second quarter,…

THE MORTGAGE INDUSTRY: CURRENT SCENARIO

The Mortgage Industry: Current Scenario Global mortgage markets face new challenges in the current pandemic situation. Profitability and liquidity of mortgage lenders are deeply affected by default rates, repayment schedules, and changes in originations, as residential mortgages have more impact on their balance sheet. Mortgage lenders are gradually coming to terms with these tough times…

HOW TO MITIGATE THE CURRENT IMPACTS ON PROPERTY PRESERVATION SERVICES

The current impacts of the pandemic have subjected many businesses to unforeseen outcomes and the Property Preservation vertical is also not an exception. The virus has wedged the global economy significantly with Field Servicers struggling to strategize effective BCPs. The Property Preservation experts do have definite proficiency in delivering speedy and accurate services even under…