Because portfolio managers are responsible for large numbers of loans, commercial and mortgage lenders rely on Underwriters Bureau for a variety of reports including; Condition Survey, Collateral Audit, Progress Report for Construction Draw Request and Occupancy Verification.
In order for your portfolio to be profitable, it must be accurately rated according to the true condition of the underlying collateral. Our investigators and field agents help you to reach a trustworthy risk assessment based on documented facts. Our reports should be regularly updated to insure that the property is being properly used and maintained according to the terms of the loan agreement.
Foreclosed real estate owned by a lender is always a special risk and Underwriters Bureau can arrange periodic physical inspections on any schedule that you feel warranted. Photographs obtained in each inspection will show the condition of the buildings, garages, lawns, swimming pool, fences and walkways.
If you are planning to acquire an existing loan portfolio, Underwriters Bureau can provide Quality Control reports for a selected number of cases so that you will know the value and integrity of the investment. Throughout the life of every new loan, field inspections are essential; especially when receiving borrower address changes or notices of increased or decreased insurance coverage.
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Overlooked small details can lead to large problems. Obtaining a field insepection of the collateral property
should be a regular part of every loan approval.
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