Utilities

The saying, "time is money", has never been more true or applicable than it is now for mortgagees and servicers trying to manage the abundance of REO properties or "collateral" under their control. The number of services needed to maintain any single REO property today can vary widely depending on location, condition, and local government regulations.

The ability to manage a vast array of properties in multiple locations with different requirements can be daunting. To help mortgagors and servicers more easily and efficiently manage these challenges, Field Asset Services offers a number of professional services including Preservation, Repair, Maintenance, REoMODELING and Compliance.

FAS has recently expanded this list of field services to also include Utility Management, further enhancing the FAS portfolio of options for clients. With this new service, mortgagors and lenders can leverage FAS and our industry relationships to more efficiently manage every aspect of the utility process for their growing list of REO properties.

These services include:

• Leveraging FAS' relationships with utility companies and agencies
• Managing multiple utility services
• Aggregating and consolidating billing in high volume locations
• Eliminating out-of-pocket advances by agents or attorneys
• Managing agent and attorney reimbursements
• Providing flat billing in certain markets

For more than 12 years, FAS has acted as the single point of contact for field services, inside and outside the property. With the goal of reducing the time and cost involved in recovering and maintaining properties, FAS is dedicated to continued innovation and to bringing new services to market for its clients.