We’ve been busy this year, blogging and blogging about compliance management, OnSite Inspections, and the TrendSource difference. It’s a lot to keep up with, we know. So, as we officially cross the halfway point for 2021, we decided to offer you, dear reader, a roundup of sorts and give you the chance to catch up.
Topics: OnSite Inspections, I-9 verification, Remote I-9 Verification, Consumer Reporting, Occupancy Verification, Repossession Lot Inspections, Property Condition Report, Debt Collection Inspections, FHA Lender Inspections
The Consumer Financial Protection Bureau (CFPB), the government agency charged with safeguarding consumers’ rights in the financial sector, has proposed new restrictions on foreclosures. The restrictions—which, to be clear, have yet to be agreed upon and put into place—would prevent foreclosures from commencing through the rest of 2021.
Earlier, we described how the looming delayed debt crisis will likely lead to an increase in auto repossessions (and the need for Repossession Lot Inspections) over the next year. We are continuing to examine this forthcoming crisis, today looking at how foreclosures are similarly expected to rise in this period.
A lot of people have struggled through the pandemic as unemployment, medical costs, and a general economic decline all seemingly conspired against American households over the last year.
Lending institutions often find they need boots on the ground and eyes in the field in order to verify a property’s occupancy. Indeed, when underwriting a loan or foreclosing a property, lenders must find locally available, third-party Inspectors to perform Occupancy Verification Inspections on their behalf.