Austin, TX (PRWEB) December 14, 2010
Field Asset Services (FAS), the nations leading provider of field services to the REO industry, today announced its 2011 predictions for the field services industry. Based nearly 15 years of providing property preservation and REO maintenance services, FAS anticipates the priority areas in the year ahead to focus on advancing the vendor network and creating higher quality field service offerings. In addition, continued industry consolidation and movement towards a single source provider will occur while greater emphasis on objectivity and reliability throughout all business processes will be expected.
With the decline of the housing market, the use of field services has become a core business practice for banks, servicers and investors taking on the day-to-day maintenance and preservation of REO properties, said Dale McPherson, President of Field Asset Services. With predictions that the REO inventory will grow in 2011, lenders will continue to face an array of new challenges requiring a greater reliance on third party support to gain control over costs and risks. 2011 will continue to bring challenges but through these challenges, well see more innovation and future prosperity.
Field Asset Services 2011 Business Predictions for the Field Services Industry include: