FAS has introduced AvertTM
Listening to customers, anticipating trends and delivering innovative solutions has been a hallmark of Field Asset Services since its humble beginnings 16 years ago. These characteristics have made FAS the premier provider of field services to the default industry. Now, as the shadow inventory of at risk homes continues to swell, FAS has delivered a set of new tools designed for banks and servicers to mitigate risk and reduce the heavy expense
of the foreclosure process.
Avert is a complete suite of services that helps banks avoid foreclosures and foreclosure expenses. Avert provides the knowledge and tools to improve loss mitigation success rates, reduces expenses and builds greater collateral intelligence—well in advance of property custody.
Avert can assist servicers and loss mitigation departments from the very front end of the default process, beginning with the initial default inspection, with services designed to deliver value throughout the entire process. This single source solution includes the following features and services:
- Arm short sales teams with Property Listing Reports to target high probability short sales prospects.
- Use Claimable Damages Reports to head off repair expenses and seamlessly integrate with your hazard mitigator.
- Mitigate potential fines and liens through proactive research and communication with municipalities, HOAs and agencies.
- Apply meaningful Property Condition Reports to preempt REO liability and support REO strategies in advance of acquisition.
- Ensure compliance with PTFA requirements with preemptive tenant continuation and response.
- Leverage time, date and GPS stamped photos which deliver objective results to avoid confirmation inspections.
- Rely on integrated property information reports like MLS data, valuation and HOA information to jump-start loan mods.
We recognize the challenges that our customers face today as regulators, the press and the public all seek improved loss mitigation performance. Avert is our seven-step path to a better result, in terms of not only reducing expenses, but potentially reducing foreclosures as well. We can help our customers manage risk with greater confidence by leveraging the data, tools and resources that we can provide.
To learn how to Avert foreclosures today, email This email address is being protected from spambots. You need JavaScript enabled to view it. or fill out the form on this page.
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