Property Inspection Services

Comprehensive Property Inspection Services

Mortgage Contracting Services emphasizes providing our clients with timely and comprehensive reports on monitored properties. Clients are notified of any issues as quickly as possible to help mitigate any risks and lessen neighborhood blight.

Mortgage Field Inspections

Disaster/FEMA Inspection

This inspection determines the condition of the property and documents damages, if applicable, that are observed due to the disaster. Disaster inspections are completed within regular inspection timeframes or on a rush basis, depending on the accessibility of the impacted area.

Insurance Loss Draft Inspection

This type of mortgage field inspection provides the inspector’s opinion of the approximate percentage of repairs completed based on the scope and dollar amount of repairs. We will attempt to make contact with the homeowner immediately following the receipt of the inspection order to schedule the appointment at the property.

Occupancy Inspection

The primary purpose of this inspection is to determine if a property is currently occupied. The full names, contact phone numbers, rental information (if applicable), real estate agent or property manager information and the number of units will be provided, if it can be determined at the time of inspection. The property condition and any existing or potential conditions that could impact the value of the property will also be provided.

Property Condition Inspection

This property inspection includes a direct visual observation of the property to determine the overall condition and occupancy status of the property. Mortgage Contracting Services will determine if any existing or potential conditions could impact the value of the property. Property condition inspections can be completed on either a contact or no-contact basis.

Valuation Condition Inspection

The valuation condition inspection is an independent, third-party assessment that documents the actual property condition and complements Automated Valuation Model (AVM) reports to help meet Interagency Appraisal and Evaluation Guidelines for lending. As a result of the federal guidelines, regulated institutions must ascertain the actual physical condition of the subject property as well as economic or local market conditions when an AVM is used for lending purposes.

Valuations & Hybrid Appraisals

Beyond the use in the home-buying or refinancing process, hybrid appraisals can be effective for mortgage servicing and loan defaults, where an updated valuation or a determination of a loan’s performance may be needed. During defaults or foreclosures, lenders can use hybrid appraisals to determine a property’s current value. These types of appraisals can also include 3-D property scans.

Letter Delivery Service

The purpose of the letter delivery service is to leave an envelope with client-specific documents at the property. Contact with the occupants is available based on each client’s requirements. A photo of the subject property and the letter attached to the front door will be provided.

REO Check Inspection

REO Check is an independent, on-site assessment of an REO property to determine the overall condition and marketability. This service can be completed weekly, biweekly or monthly from the time of asset acquisition until the property is sold. It provides information about each property’s overall interior and exterior condition, noting such things as damage, violations and the presence of hazardous conditions. REO Check may also be used to assess the initial and ongoing maintenance of the property, including if debris is present and if the lawn is being maintained. In addition, the pre-marketing services performed by the listing agent are assessed, including the placement of signage and marketing materials, accessibility to the property and the overall marketability of each property. The service ultimately ensures that each property is being kept secure, well maintained and readily marketable to show prospective buyers.

QC Compliance Inspection

This property inspection is an independent, third-party evaluation performed by banks or servicers in an effort to perform regulatory oversight of their existing vendors and agents. The purpose of this inspection is to verify previously received inspection results and/or specific preservation services already completed. Photo documentation is included to support discrepancies.

Disaster/FEMA Inspections

When natural disasters strike, rapidly assessing properties is vital to save lives, reduce suffering, protect property and to recover from all hazards. Our comprehensive Disaster/FEMA inspection services are designed to assess the aftermath of disasters, accurately document damages and support the entire recovery process.

We recognize the urgency of delivering timely responses and understand the importance of rapidly deploying qualified teams. Our unique hiring, training, and IT processes provide inspectors capable of delivering high-quality inspection results while prioritizing sensitivity, understanding, and empathy to survivors.

Whether it’s a routine property evaluation or an urgent post-disaster inspection, Mortgage Contracting Services excels in delivering precise and timely inspections, providing clients with the information needed to navigate forward confidently.