Summary
Highlights
Understanding Mortgage Field Inspections00:01:15
Mortgage field inspections occur after a home is purchased, typically when a borrower falls behind on mortgage payments. Inspectors act as the eyes for the lender, determining if a property is vacant or occupied and assessing the condition of the home.
Performing Inspections and Logistics00:02:30
Inspections involve exterior checks. For vacant properties, inspectors document the condition of the home and site; for occupied homes, they look for indicators of residency from the sidewalk. The business model involves working for vendors who act as intermediaries for mortgage companies.
Requirements and Career Considerations00:09:30
To get started, prospective inspectors must typically undergo a background check, and some companies may require drug tests or E&O insurance. It is a flexible career choice that allows for independent scheduling but requires a reliable vehicle and a high-quality smartphone for documentation.
Getting Started with Apps and Resources00:12:37
The host highlights specific platforms like IViewIt, ProxyPics, PhotoInspection, TrendSource, and Velocity. Additionally, she recommends joining the Society of Field Inspectors (SOFI) to connect with companies hiring inspectors.
Closing Thoughts on Flexibility00:17:00
The career offers significant personal freedom, allowing individuals to control their workload and travel schedules. It serves as an accessible way to supplement income, regardless of age.