Stow, Ohio (PRWEB) June 20, 2012
In its continued effort to educate and provide solutions for the mortgage field service industry, NAMFS recently attended and participated in the third REO Expo in Dallas, Texas. Billed as “the nation's largest event focused solely on distressed residential real estate management” the REO EXPO attracted over approximately 1500 attendees. NAMFS in its role as a solution provider via ALLIANCE, the NAMFS Code Enforcement Solution, spoke to the industry’s response to the odyssey of blight.
Several workshop sessions were also offered to provide participants education in several areas applicable to their business. NAMFS, represented by its Executive Director, Eric S. Miller and President, Deanna Alfredo, sat on two panels. NAMFS members including Safeguard Properties, Inc., Mortgage Contracting Services, LPS Field Services, Cityside Management Corp. and Mobile Business Concepts were integral to several other presentations throughout the event. There were also several NAMFS members represented in the Expo hall including: BC Connect, Cyprexx Services, MFS Supply, America’s Infomart, CoreLogic, Cityside Management Corp., National Field Representatives and ASONS Property Preservation & Construction Services.
The first panel on which NAMFS participated, hosted by Safeguard Properties, was attended by REO Expo participants and local Code Enforcement Officials. A panel of National Field Service Providers, Code Officers along with Solution Providers – Compliance Connections and NAMFS – spoke regarding the industry response to the ongoing odyssey of blight. Both communication and collaboration continue to be the keys to creating positive outcomes when abate combating problem properties.
The second panel to which NAMFS contributed focused on Home Owners Associations (HOAs) whose requirements and communication challenges are very similar to those within the code enforcement community. REO Expo participants heard from Servicers, Code Officials and Solution Providers from both NAMFS and an HOA Identification Company regarding the similarities to the journey taken by Code Enforcement as well as how they can also aid in the identification of HOAs. Clarification was also offered related to the enforcement of HOA requirements that are more stringent than that of local code.
NAMFS members were also prominently represented on other panels throughout the three-day event. This was particularly true of the Property Preservation session which involved several panelists from NAMFS member companies as well as a representative from Fannie Mae. This session spotlighted the frequent changes occurring within the industry. The consensus of the panel was that communication is the key to success especially as the properties in the property preservation pipeline will eventually roll through to the REO space. New technology options to improve the “end product”, including time/date and GeoCode stamping were also discussed. A relatively new technology, GeoCode stamping includes underlying longitude and latitude information which is considered to be the future of mapping programs. Panelists also spoke about the integration of passing data as another method to further improve available industry solutions.
NAMFS continues its educational efforts this week as it attends and sits as a panelist at the Annual F.A.C.E. Education and Training Seminar in West Palm Beach, Florida.
The National Association of Mortgage Field Services, Inc. (NAMFS) is the premier trade association for the mortgage field service industry. We are dedicated to working with all entities of the industry from the Government Agencies and investors that set policy to the contractors and inspectors that perform the work.