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Capital Markets Today


Apr 15, 2015

CFPB servicing rules not only impact the servicer, but have a significant impact on 3rd party vendors, especially field service providers.    Oversight, audits, neighborhood stabilization, management of code violations and property preservation are just a few of the issues servicers and field service providers need to management. Standardization and data management appear to be vital to managing an auditable process to reduce risk and remain compliant with evolving legislation.  Joining the broadcast today to discuss the impact of compliance and quality control on the field service industry is Brian Mingham, President of Pacific Preservation Services. Pacific Preservation Services is a property preservation and inspection company for pre-foreclosure, vacant, and REO properties.   Pacific Preservation Services integrates advanced transactional technology and seamless asset management workflow which has propelled year-over-year sales growth by 34%