TrendSource serves the finance sector in a variety of capacities, executing Customer Experience Programs, Operational Audits and most notably, Property Condition Reports (Property Site Inspections). With mortgage rates dropping, both commercial and residential properties are seeking lending opportunities in primary/secondary mortgages, home improvement loans, and refinancing. Financial institutions and appraisers require precise, timely documentation of property conditions, and traveling to the actual site can be costly and time intensive – this is where TrendSource comes in.
TrendSource offers the following inspection services to the finance industry:
TrendSource offers a suite of quality Property Site Inspections that follow the Interagency Appraisal Guidelines, ranging from the most basic – address verifications and "drive-by" inspections with photos of the property and surrounding area, to the most inclusive – complete exterior and interior photos as well as building sketches with square footage. These reports can be used in a variety of capacities, including:
Automated Valuation Models (AVM)
- Supplemental appraisal documentation
- Ensuring impartiality by using a third party
- Managing & monitoring REO (Real Estate Owned) properties
All Property Condition Reports provide a detailed observational questionnaire, documenting conditions of the property including environmental hazards and digital photos for reference
In addition to property inspection services, TrendSource also offers the following solutions for financial institutions:
