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Field Services

During the past few years the mortgage field servicing industry has been in a changing mode. It is generated from a combination of increased market demand for field services and industry efforts to educate and certify firms operating in the field-servicing marketplace. Industry insider agree that education efforts need be organized through associations such as the National Association of Mortgage Field Services, the nonprofit whose stated goal is to increase business opportunities and networking among its members.

NAMFS executives like Alan W. Bunker, president and CEO of Spectrum Field Services, Inc. and past president for instance said, "Probably the most important thing regarding the mortgage field services industry in 2007 will be education, training and certification."

Another area getting into the spotlight and about to see further growth is real estate owned property preservation and maintenance. In 2007, differently from only a few years back, REO will continue to evolve "as a very defined segment of the marketplace," he said making foreclosed properties very much part of our industry.

Another industry association, the Society of Independent Representatives, is also trying to raise awareness of the important work that contractors perform in the field.

Both groups want to make sure that the people you hire to manage, maintain and repair foreclosed property are educated about how to do the job right. (c) 2006 Mortgage Servicing News and SourceMedia, Inc. All Rights Reserved. http://www.mortgageservicingnews.com http://www.sourcemedia.com