Rescue Salesmen Knock On Distressed Doors

In their quest to salvage distressed homes, execute a short sale, inspect or physically upkeep a property, servicers are counting on "door knockers." Different from predecessors chronicled in "Death of a Salesman" by Arthur Miller in the 1950s, these salespeople are in demand, for now.

Larger-than-ever networks of field representatives are selling rescue options beyond valuation and preservation including notary services. Part-time landlord aid also makes the cut. To keep up with market changes servicers count on technology solutions that come handy when handling millions of properties that either are still "under the shadow" or have already crossed over into the REO stock.Processes that equip field representatives with more efficient Web-based tools and software they can use remotely from anywhere are in. Combining appraisals, AVMs and BPOs with micro- and macro-market data analytics is becoming the norm.

Yet, valuation is a sore topic in property inspection and preservation as it demands qualified providers able to bring at a servicer's fingertips asset management solutions that are based on reliable feedback from the ground.

Next in News ►