Quality assurance is the key to maximizing return.
Covius understands that quality assurance is critical to maximizing return on foreclosed and REO assets. Without a battle-tested process that stays ahead of market changes through innovative technology you will spend unnecessary time, effort, and expense. With Covius as your partner, Field Services become one more advantage over your competition.
From cleaning to rehabilitation-bid procurement, security to maintenance, Covius delivers complete Preservation Services that will keep your property in its best shape for market right up to liquidation, ensuring you get the optimal return.
VendorCheck gives lenders and investors the ability to monitor the performance of their service providers for compliance and quality assurance.
ConveyanceCheck lets you know that a HUD property meets all pertinent pre-foreclosure requirements.
Secret Shopper lets us audit your vendors to ensure your specific criteria are being met. Because the condition of your asset can have a significant impact upon its sale value, you need to be sure you can manage those managing the upkeep and repair of REO properties. Allow us to do it for you – from wish list to scorecard.
Our Property Services are available year-round for prompt, profitable turnaround. They include winterization services, snow removal, lawn maintenance, and more. Let us make sure your asset is presented in its very best condition – any time of year.
Our Vacant Property Registrations product ensures that your asset is in compliance with all applicable codes. It will scan the more-than 2,000 U.S. jurisdictions, and sift through their unique registration requirements for vacant properties. Its timeline-driven processes keep your firm ready to manage this challenge and avoid delay or additional expense in marketing the property.
Skip Trace Services help you locate and negotiate with borrowers, offering efficient and cost-effective alternatives that emphasize non-litigation options.
Quality Assurance Plus™
Our Quality Assurance Plus™ program provides oversight and performance tracking for third-party vendors who perform property inspections and preservation work on behalf of mortgage servicers, enabling them to identify and prevent conveyance issues and avoid non-claimable expenses.
As part of our Quality Assurance Plus service, property is secured within seven days of first-time vacancy, with all USB guidelines followed to the letter.
Repair Services are part of the solution to protecting our clients from unforeseen liabilities associated with vacant and abandoned properties. To ensure that the collateral is maintained with limited damage or loss, these services include rehab and renovation, emergency services, auction support and bid procurement, analysis, and recommendation.