The housing crisis is one of the longest lasting effects of the economic recession, with home foreclosures continuing to stain our economy. As more homes enter and remain in foreclosure, the servicer (whether on its own or on behalf of the investor) is responsible for maintaining these properties per local and state regulations. And mobile apps have added a new tool servicers can use in the field.
Regardless of who handles the upkeep of the foreclosed property, field services companies have become in-demand specialists, hired to ensure the foreclosed property remains in livable conditions. As foreclosed properties continue to spring up in neighborhoods around the U.S., field services companies are struggling to meet the demands of their clients while delivering timely and adequate service.