As we’ve pointed out in our market research blog, the world was already going virtual before the Spring of 2020, but the pandemic most certainly accelerated it. From e-commerce’s rapid expansion to the proliferation of online meeting spaces, the pandemic forced people to learn digital technologies on the fly. “Zoom” was already a verb before the pandemic, but today it means something very different.
Topics: OnSite Inspections, OSI, Consumer Reporting, Occupancy Verification, Repossession Lot Inspections, Virtual OnSite Inspections, Debt Collection Inspections, FHA Lender Inspections, Background Checks
Relative to other industries, debt collection is overseen by a large swatch of agencies who all enforce different parts of the Fair Debt Collection Practices Act, which has been in place since 1977.
With the foreclosure moratorium having already expired on July 31, 2021, and the deadline to apply for foreclosure forbearance rapidly approaching on September 30, 2021, many homeowners are about to face what the Washington Post calls a “tsunami of debt.”
TrendSouce’s online ordering and purchasing platform streamlines compliance management, allowing businesses to quickly and efficiently order and purchase Inspections and Verifications with a few clicks of the mouse.
TrendSource continues to offer Virtual Inspections for Consumer Reporting, which can be ordered online through our digital ordering platform.