Mortgage Field Inspections

Mortgage Field Inspection is a term used to describe different types of inspections that are performed for various reasons. Individuals performing mortgage field inspections do not need special licensing or certifications to begin working for companies who hire local subcontractors. Basically, all that is needed is a desire to work, reliable transportation, ability to read a map and follow simple directions in completing the usually 1 page form. The tools used by inspectors consist of a computer, printer, digital camera, phone (cell/land line) and vehicle.

There are several different categories of Mortgage Field Inspections:

1 - Residential Inspections - completed on residences, exterior observations, minimal or no contact with the occupant.

2 - Insurance - exterior observations and photos to determine replacement cost value and some with appointments to verify interior features to indicate possible discounts by carrier.

3 - Retail - Many different types of retail inspections can be completed from mystery shopping to retail outlet verifications with photos verifying the existence of a business.

4 - Commercial - Requested by a lender to verify condition of a commercial property. Typically ordered when funding is being considered. These types of inspections also help insurance companies to determine any possible conditions that may exist that could cause a future claim. An inspection of this type also cites any discounts that may apply.

Though mortgage field inspections comprise many more inspection types and services, only a few have mentioned in the different categories in which individuals can obtain work on either a part time or full time basis.

The author of this article, Dee Young, is the President of Foreclosure Inspections and Property Services, Inc. Dee has over 20 years of experience in mortgage field servicing, mortgage lending and real estate sales. Dee is the owner of http://inspectionstartingpoint.com, a site that is devoted to the education, training and mentoring of mortgage field servicers and small business owners. Dee is also a Realtor with Keller Williams Realty and performs BPO inspections, foreclosure inspections and lists REO properties.