Three steps to become a vendor
Most of the inspections are occupancy inspections(visually verify someone still lives at a property), there are occasional interviews (verification of who lives at the property by trying to make contact with a property occupant), there are some interior vacancy walk-thrus (typically photos of each interior room), an occasional insurance loss draft (verifying status of a construction project, e.g. taking picture of a repaired roof) and other types of inspections.
Driving or getting to the properties is a big part of the job as the actual time at the property to perform the inspection is about 2-10 minutes including data observation input. The timing to complete an inspection once received by the inspector is typically 5-7 days, but there are a handful of 24, 48 or 72 hour turnaround time requests.
Inspectors in urban areas typically are assigned between 200 – 300 inspections per month (for example Chicago, Philadelphia, Detroit, etc.) which could be 50-80 stops (inspections) per day. In more rural areas inspectors can typically complete 30-100/month, which could be between 10-20 stops (inspections) per day. This will vary based on location and order density.
Pricing paid to inspectors varies between $3.50 - $15.00 per inspection depending on geographic area, number of inspections and type of inspection. For example, an inspector might inspect 40 properties in one day. If the agreed upon price per inspection is $4 per inspection, then inspector would invoice for $160 (40 inspections x $4/inspection) for the completed work.
Please watch the video to make sure you are comfortable with this type of work and understand what Mortgage Bankers Field Services expects of its vendors.
Click here to watch the video
Once you have completed viewing the video and are confident you have the expertise to complete these type of inspections, fill out the questionnaire below to be considered to inspect for our company.
This information is important for us to determine if we have an opportunity in your area.
Click here to complete the Inspector Questionnaire