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What are Virtual Inspections? What Types of Inspections Can Be Completed Virtually?

Posted by TrendSource on 9/6/22 11:02 AM

Virtual Inspections are compliance Inspections that are performed virtually. In Virtual Inspections, Inspectors utilize video communications platforms like FaceTime, Zoom, or WhatsApp to conduct various types of Inspections. Critically, the contact at the location under inspections also sends geo-tagged photographs and submits to interviews as part of the Virtual Inspection process.

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Topics: Consumer Reporting, Occupancy Verification, Repossession Lot Inspections, Virtual OnSite Inspections, Debt Collection Inspections, FHA Lender Inspections, Compliance for Employers, Compliance for Finance, Compliance for Consumer Reporting, Compliance for Government

With Interest Rates Up and Mortgage Applications Down, Housing Prices Likely to Level Out

Posted by TrendSource on 6/15/22 11:23 AM

We are likely in the early stages of a significant housing market contraction, the size of which hasn’t been seen since 2006.

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Topics: OnSite Inspections, OSI, Consumer Reporting, Virtual OnSite Inspections, Compliance for Consumer Reporting

The Housing Market is Slowing; Onsite Inspections for Consumer Reporting are Not

Posted by TrendSource on 5/26/22 9:45 AM

The US Census Bureau, most famous for its demographic survey of each and every person in the country (well, about that…), has come out with data suggesting that the housing market has finally taken a turn. A downturn, that is.

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Topics: OnSite Inspections, Consumer Reporting, Lending Institutions, Compliance for Consumer Reporting

Interest Rates Must Rise So Inflation Can Sink, Says the Fed of .5% Hike

Posted by TrendSource on 5/12/22 8:53 AM

As widely predicted by analysts and journalists, and as telegraphed by the Fed itself, the Federal Reserve announced last week that it is raising interest rates by .5%, the highest rate hike in the last 22 years.

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Topics: Consumer Reporting, Lending Institutions, Compliance for Employers, Compliance for Finance

What Credit Resellers Need to Know about a Potential Housing Bubble

Posted by TrendSource on 4/7/22 9:45 AM

According to the Federal Reserve Bank of Dallas, we may be in the midst of a housing bubble, the likes of which we haven’t seen since the early 2000s. Citing “abnormal US housing market behavior” driving housing prices “increasingly out of step with fundamentals,” the bank warned that corrective policies could shock the market and burst the bubble.

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Topics: OnSite Inspections, COVID-19, Consumer Reporting, Lending Institutions, Virtual OnSite Inspections

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