MCS | Knowledge Center

Spurred on by the pandemic and the housing boom that preceded it, the rise of hybrid appraisals was an attempt to modernize the process. Here's what you need to know about this appraisal type.

Property preservation comes with its share of risky situations. But working with a trusted partner can help you reduce the chance of fines and violations. Here are three important ways a property preservation services partner can be your ally—and what to look for when choosing one. 

Caring for a property in default requires an understanding of various rules and ordinances as well as an experienced vendor network to complete the range of services commonly needed to keep the property in shape to sell or convey. Fortunately, a high-quality property preservation services partner can take care of everything you need.   

For mortgage servicers, preservation services are critical to ensuring the properties you are responsible for are preserved and maintained in a manner that complies with regulatory requirements and local code compliance, but finding a provider that checks all the boxes on your needs list can be challenging. After all, you’re entrusting them with a lot, from securing the property, removing any debris, conducting regular lawn maintenance and winterizing when necessary. 

Whether you’re assessing your current property preservation provider or are in the market for a new one, it’s important to consider your choice from all angles — from the core preservation services you need to expectations regarding specialized services, the customer experience and your field partner’s ability to truly innovate and help solve problems. Consider these five questions to help you choose the right provider.