Mortgage Services in Madurai || PKRIDS Technology

Mortgage Services

Our expertise team works on various platforms such as Safeguard VendorWeb, VMS, ServiceLink, AssetShield, Vendor 360, SandCastle, NPS, SingleSource and so on. Our teams can process all types of work orders such as initial securing, snow removal, grass cut, winterization, interior cleaning, mold remediation, exterior trash and item removal, locks, winterization, rehab, repair, sales clean, P&P, REO orders. We can also calculate bids using cost estimator tools such as XactRPM and Repairbase based on the photos presented to our team.

Some of the services in the Property Preservation and Inspection space include,

Real estate owned (REO) and pre foreclosure inspections

Assign inspection orders to approved vendors
Review inspection reports that are completed
Update reports into client software
Follow up with approved vendors on pending and late orders
Follow up with approved vendors on corrections and incomplete tasks
Create invoices to be processed by client (for the completed work)
Approve charged billed by vendors based on the work order

Real estate owned (REO) and pre foreclosure preservation services on both maintenance and repair orders

Assign inspection orders to approved vendors
Review inspection reports that are completed
Update reports into client software
Follow up with approved vendors on pending and late orders
Follow up with approved vendors on corrections and incomplete tasks
Assess the type of repair required
Obtain bids for property repairs
Allocate repair tasks to approved vendors
Review bids from various vendors
Approve the right bid to proceed
Check to see if repairs are completed as per the set standards
Update client software with the repair invoices, photos and relevant information
Create invoices to be processed by client (for the completed work)
Approve charged billed by vendors based on the work order

REO property maintenance services

Set periodic inspections are required by client
Assign jobs to approved vendors
Lawn care, snow removal, trash removal and winterization
Monitor completed work orders
Create invoices to be processed by client (for the completed work)
Approve charged billed by vendors based on the work order

Vendor management

Recruit vendors
Send responses to client
Get list of approved vendors
Get agreements signed
Train vendors on processes
Allocate orders
Follow up on orders
Check if the orders were done correctly
Update orders into client software
Monitor vendor performance

Utility management

Identify the appropriate utility provider for the property
Check turn on and off requirements and conditions
Get appropriate documentation such as POA, title deed, authorization letter from client
Coordinate with utility company to complete the required documents and pay the relevant fee
Turn on the utilities by coordinating with the utility provider
Update utility account information in client’s software
Monitor payment of turn on or off charges, deposits etc. Communicate with client to see which ones need to be invoiced.
Receive utility bills from providers on regular frequency
Update client software with the appropriate bill and property
Coordinate with client to pay utility bills

Vacant property ordinance research and registration

Identify which properties is vacant post initial occupancy.
Complete VPR documentation
Register with the city to pay VPR or relevant fee

HOA – identification and management

Research to find out which HOA company manages the area.
Contact HOA company to find out any outstanding dues and payment frequency
Check with HOA memorandum to see if the fees charged is the correct amount
If there is a discrepancy, work with the HOA company to identify and correct it
Coordinate HOA payments with the client to ensure they are paid on time
Monitor
Coordinate with the client in payment of HOA
Monitor and manage frequency of HOA payments and correct any ongoing issues

Vendor side services

Download photos from websites, ftp and cloud systems
Label photos according to before, during and after work completion
Upload photos to client systems
Invoice as per pricing sheet provided by client company
Create PCR, conveyance condition etc. reports
Process orders – initial secure, mold remediation, conveyance, cleaning, securing, deed-in-lieu, bid approvals etc.