Foreclosure Cleanup and Mortgage Field Services Industry Inspections Equal Profit

If you are a contractor in the real estate services industry, adding property inspections to your list of services can bring in additional profits, quickly, to your business.

There are several forms of inspections in the foreclosure clean-up, property preservation, and mortgage field services industries. To successfully add inspections to your list of services, educate yourself about the types of inspections needed, turnaround times, intricacies of forms associated with specific reports and ultimately the client’s overall need as it relates to specific inspecting reports.

Various Inspections in Mortgage Field Services Industry

Below is a quick list of some of the types of inspections being performed by foreclosure clean-up and mortgage field services companies today.

Verification of Occupancy
Property Condition
Initial Vacant Property
Insurance Loss
Mobile Home
Commercial Property
Freddie Mac
Merchant Site
Walk-Thru Settlement
Commercial Hazard

Very Different

Though many of the inspections listed above may sound very similar in nature, they are each very different and may have very different uses for the client.

Foreclosure Cleanup Inspections

Below is a general overview of some of the inspections larger property preservation companies may ask you to perform as a foreclosure clean-up vendor:

Occupancy Inspections. The main purpose of this viewing of the home is to determine whether or not someone is actually occupying the property. The condition of the home and any potential conditions that may have an impact on the home or property’s condition will also be noted in this type of reporting.

Bankruptcy Inspections. This is a process where the property preservation company wants to know if the occupancy status and condition of the home will affect the value. The inspector will NOT contact the occupants directly, but rather the person doing the inspection will try to verify whether or not someone is living in the home by speaking with another party, such as a neighbor.

Foreclosure Inspections.This is a process where the physical condition of a home or property is documented, in addition to notations as to whether or not a home is secured, whether or not the utilities are active, and notations of maintenance required for the home.

Rush Inspections. This process is usually required to be completed in shortened periods of time (for example, from one to three days). The “rush” time frame will depend on the client’s needs.

Only Perform Inspections You’re Comfortable Completing

Remember, each property preservation company, or mortgage field services company, you choose to sign on with as a foreclosure cleaning vendor will offer various services, including inspections, for which you can sign up to complete.

As a rule of thumb, don’t sign up to complete inspections you’re not comfortable completing. In the “services offered” section of a property preservation company’s or mortgage field services company’s vendor application, list only the duties you know you can perform well as a foreclosure cleanup business. Also list those services you know you can perform timely, and, most importantly, list those services for which you know you can make a healthy profit.

Good luck registering your foreclosure clean up business with property preservation companies and mortgage field services companies for inspection jobs.

Do You Really Need to Know What Business Service Management?

Business Service Management is an approach for managing information technology that also covers technology investments of the business to track, monitor, manage and view the investment side of technology as well as the operational side of technology from the perspective of the business. It helps to increase the business value for better management performance of information technology and business processes.

Business Service Management solutions help to bring the business perspective and context to the IT environment to understand how their IT infrastructure and technology investments support the business. From an administrative point of view, it really comes down to minimizing or even making invisible the functional processes of the technology and focusing on what IT service management does in a business capacity. The business executive needs to understand what the technology is doing without making it necessary to understand all about the basic technology itself. There are many software based companies describing different offers around business service management. There are many BSM software vendors who concentrate on the business process layer and typically come out of a specific business vertical where they understand all the business processes that make work for that particular industry.

Business Service Management is about the integration of systems management with business management. It is the creation of service level agreements and operation level agreements underpinning companies rights, rules, contracts, policies and thresholds for business services, applications, processes, activities and transactions much the same way it’s done for a server based and or network based application and devices. Business service management helps to enable technology based operations and support staff with empowering information which would help to understand the impact on the business. It also useful to technology at all levels prioritizes restoration, improve communication and establish deeper relationships with their business peers.

Lastly, BSM is all about delivering and maintaining quality IT and business services, applications, processes, activities and transactions to the business so business goals and objectives are met according to requirements.

Now you may realize that it’s really important to know about BSM as it can define and describe your business processes, discover and map the business processes to IT components, measure end-to-end performance for business processes, measure the reasons for downtime and its business impact and create dependency maps and maintain relationships between business processes and IT components automatically.

Business and Industry in Kingston Upon Hull

For many centuries Hull has been dependent on its port as the source of most of its business and industry. The port still plays an important part in the economy of the city, although not such a dominant one as in the past given the decline in the fishing industry. Food processing companies associated with the fishing industry are now important employers in the city, alongside newer businesses that take advantage of Hull still being a major UK port. Hull and Humberside is one of the eight regions that make up the £30 billion ‘Northern Way’ economic development initiative, to attract and develop business opportunities in the region.

The port of Hull originally was founded on trade with northern Europe and came to have one of the largest UK trawler fleets working in the North Sea. Today the port is still very busy accounting for nearly 20% of UK imports and a total of 15% of all the UKs seaborne trade. Whilst the port handles many different commodities from containers and perishable foods to steel, minerals and ores; its main trade is in timber and the one million passengers a year that use its ferry services. The fishing industry in Hull is undergoing a revival following the development of the Fishgate fish auction market. Whilst the trawler fleet might be smaller the new technologies being used mean that high volumes of fish can still be caught and then sold at the market, which has a facility enabling freezer trawlers to land their catch directly into cold storage. The Ro-Ro terminal has 11 berths operated by P&O and Finnlines, with regular services to Holland, Belgium and Scandinavia. Whilst some small boat building does still take place in Hull, most of its marine engineering companies are concerned with the maintenance and repair of existing boats. Some of them, like Shiptech, offer a range of consultancies concerning various aspects of marine engineering from repairs to tonnage assessments.

Not surprisingly Hull is the location for several food processing companies, especially those concerned with the fishing industry. Originally formed by a consortium of Hull trawlers, Seven Seas is a trade name mainly associated with cod liver oil products in the UK and has had a factory in Hull since the 1930s. In recent years the resurgence in popularity of cod liver oils health care properties has meant the company is now the brand leader not only in the UK but also in parts of Asia, Africa and the Caribbean. However, the nations move toward more healthy diets and eating has not helped another company in Hull. Since being bought by the private equity firm Permira from Unilever; one of the countries best known brands in frozen food, Birdseye, is threatening to close its Hull food processing plant that currently employs 600 people. It was established in 1967 and as well as processing frozen fish products it is the centre for the annual pea harvest in the UK. Other frozen food companies with factories and production facilities in Hull include: Findus, Young’s and PolarFrost.

Located at nearby Brough, BAe Systems has one of its eight UK Military Air Solutions factories, employing over 1000 people. This site is involved in the design, manufacture and development of combat and reconnaissance aircraft. For several decades craftsmen in and around Hull have developed a reputation for building many of the caravans on sale in the UK and is now the largest caravan manufacturing area in Europe. Major companies actually located in Hull include Willerby, Atlas and Consort; who all specialise in producing static ‘holiday home’ caravans. Also, in nearby Beverley is ABI(UK), one of the best known names in touring caravan production.

BP has the second largest acetyls production facility in the world at Hull and the world’s largest ethyl acetate production plant. In total the site produces 1.4 million tonnes of chemicals that are used in the manufacture of pharmacological drugs, solvents, varnishes and aroma enhancers. Croda International is one of many other companies concerned with the production of a range of chemicals for personal, pharmacy, home and industrial uses. Reckitt Benckiser might not be a name familiar to High Street shoppers. However, some of their products might be! This is the company behind such brand names as: Nurofen, Lemsip, Dettol and Optrex to name but four of their products which are manufactured at the company’s Healthcare centre in Hull. Until 1999 the company was known as Reckitt Colman and could trace the origins of the company back to 1814 when J Colman began producing mustard in Norwich. In 2006 the company also acquired Boots Healthcare for almost £2 billion. Alongside producers of chemicals for the pharmacy industry is another company that works in the healthcare sector – Smith & Nephew, who specialise in products concerning the recovery of wounds, non-invasive surgery and orthopaedics.

Ten Reasons Why The Food Service Industry Needs Retail Audits

Retail audit software helps multi-unit retailers achieve store-level compliance with operational, service and merchandising standards. We couldn’t think of one reason why the food service industry needs regular retail audits, we thought of ten.

1. When preparing and serving food, compliance with standards and regulations is not simply a matter of building a positive customer experience; your customers’ health and safety depend on it. It shouldn’t take a tragedy, public relation fiasco or social media scare to take action. Be proactive and prevent problems before they happen. Protect your customers’ health and safety. Protect your employees. Protect the brand.

2. Studies have demonstrated it is a lot more expensive to gain or regain a customer than it is to keep an existing customer satisfied. Customers have a way of thanking stores that are well run: they come back. Don’t spend money fighting fires. Prevent problems before they happen, nip them in the bud when they do.

3. When dealing with a large number of franchisees, some will invariably execute better than others. A retail audit system helps spot repeat unacceptables, execution laggards and downward trends quickly.

4. You may not need to spend more on merchandising and seasonal programs. You may need to spend better by making sure the programs you already pay for are executed in full, everywhere. A good retail audit system pays for itself. Paper-based processes are expensive, needlessly expensive.

5. To motivate your franchisees and operations staff, you need to engage them. The benefits of the retail audit platform should permeate through the entire organization.

6. Technology is an enabler, not an end in itself. You need the best possible tools to manage your operations. Let a software provider manage your infrastructure so you can focus on what you do best: running your business.

7. Try before you buy. With web-based retail audit software, there is no setup fee, no hardware to procure, no software to purchase and no IT investment to speak of.

8. Measure what you communicate. First, you can’t manage what you can’t measure. Second, measurement actually breeds compliance.

9. Failure to execute on in-store merchandising programs alone has been shown to cost the industry between 1% and 4% of sales. Compliance is not a feel-good initiative. Compliance drives your bottom line.

10. Training is necessary but not sufficient. Training alone does not guarantee your standards will be upheld. Train your staff on the one hand, systematically measure what you communicate on the other.