What is a field inspector for mortgage company?
A field inspector examines properties and sends written and photographic reports to lenders, insurance companies and other interested parties. Inspectors could see whether anyone is occupying a property, assess damage, evaluate the property for a potential mortgage or check its condition after a foreclosure.
Who owns mortgage Contracting?
Mortgage Contracting Services (MCS) has completed a company recapitalization, with its new ownership comprising an investor group led by Littlejohn & Co. LLC, Lynstone SSF Holdings, funds advised by Neuberger Berman Alternatives Advisers, and Crescent Capital Group.
What is a field service inspector?
A field inspector gathers information and performs property value appraisal of residential and commercial properties and vehicles. As a field inspector, your job duties are to visually inspect a property, take photographs, collect data, and compile a report with a property value estimate based on your findings.
How do you become a field inspector in Texas?
How to Get a Texas Home Inspector License
- Complete Education Requirements. Learn More.
- Submit Online Application to TREC. Learn More.
- Take Exam Prep Class and Practice Exams.
- Get fingerprints taken and pass background check.
- Pass the State Exam within One Year of Filing Application.
- Complete annual Continuing Education (CE)
How do you become a mortgage inspector in Texas?
Take the NHIE. You must pass the NHIE (National Home Inspectors Exam). Get In-Person Training. Attend 40 hours of LIVE FIELD TRAINING with a licensed TREC inspector – This is included at ANY of our locations!
Why do mortgage companies take pictures of your house?
A mortgage company may send someone to take photos of your house for appraisal purposes if you’re selling it or are trying to modify your mortgage loan. Photos may also be taken if you’re falling behind on your mortgage and a foreclosure is foreseeable.
Why would a mortgage company verify occupancy?
Why do mortgage companies verify occupancy? Mortgage companies will verify occupancy because mortgage fraud is a fairly common practice for those looking to avoid the high interest rates of investment properties. Moreover, occupancy can affect the appraised value of the property.
What is MCS in real estate?
MCS is a national property services company founded in 1986. Our services include property inspections, property preservation, REO property maintenance, property registrations and other property-related services in all 50 states.