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29 "Getting timely results from inspection or property preservation activity is critical across the business." Delivering news you need. When you need it. Sign up for new alerts each morning to get the industry's top stories delivered direct to your inbox. Register for the Daily Dose at DSNews.com F R E S H L E Y B R E W E D , E V E R Y M O R N I N G R E G I S T E R F O R T H E D A I L Y D O S E A T D S N E W S . C O M GET YOUR MORNING PICK-ME-UP servicers or vendors to keep up with updates to the requirements across the country. Most registrations also require a fee, increasing servicers cost to service. At Wells Fargo, teams work with local municipalities to add specific requirements to ongoing reporting as well as controls to ensure timely and accurate registration. ere are significant risks associated with property preservation activities. It's absolutely critical that a contractor is deployed to the right property to inspect, mow the grass, or even perform necessary repairs. Showing up at the wrong house and taking any action is one of the worst things that can happen in this business. Additionally, even if you ensure the right property is identified, vendors and contractors need to ensure the status of the loan warrants the action that has been requested. A loan can reinstate, pay off, or be sold to another party that may have taken immediate possession. Timely and effective communication between vendors and servicers is absolutely key to the property preservation process. Wells Fargo provides all vendors a validated photo of the property in which services should be performed. A recent inspection photo is compared to the origination appraisal or other sources to validate that the correct property is identified. is validated photo becomes the profile picture and is included with all subsequent inspections and work orders. To ensure statuses are communicated timely, very specific controls are in place to immediately notify vendors with loan status changes and ensure appropriate cancellation of work is issued. What is the most rewarding aspect of your role? roughout my career, including the time in my current role, I've had an opportunity to mentor a significant number of people. Staying connected with these individuals and watching them grow is extremely rewarding for me. ere are a number of individuals that come to mind that have been very successful in the industry that I was fortunate enough to have worked with in the early stages of their career. Journal