Property Services
The mortgage services industry has faced tough headwinds over the last few years, from higher interest rates and home prices to lower inventory levels. But there are dynamics at play—including pent-up demand, potential regulatory changes and a shift toward pre-pandemic levels of delinquency and foreclosure—that could make 2025 an interesting year for the mortgage industry.
Whether you’re winterizing a dry heat system (think furnaces and vents) or a wet system (like a steam radiator or radiant heat with a hot water boiler), use our property preservation winterization checklist to make sure you don’t skip a step.
Success in property preservation relies on multiple factors, but effective bidding should be near the top of every vendor’s list. Here are our five key tips for effective bidding to help you maximize your profits for your property preservation work for the mortgage services industry.
Navigating the property preservation landscape of the mortgage services world can be tricky for inexperienced vendors. But knowing just a few of the common pitfalls of property preservation work can help you stay on a path to success. By avoiding these top eight pitfalls, you’ll be on your way to growing your workload in property preservation—and your business.
Property preservation work can yield a solid revenue stream for service providers who understand how to navigate it. But because property preservation profit margins tend to be thin, finding success and longevity in this line of work requires mastering a few key best practices. Here are six essentials for growing your handyman services business and increasing your returns on property preservation work.
Mortgage servicers have a never-ending list of responsibilities, and one critical item is vacant property registrations (VPRs). VPRs can cause headaches for many servicers, as small fines add up to major penalties. If fines pile up, municipalities may enact liens that could prevent a servicer from selling a property. Plus, registration requirements change frequently, necessitating constant monitoring to ensure compliance.