Field Asset Services releases REO and short sale management tool – NMP Skip to main content

Field Asset Services releases REO and short sale management tool

Sep 20, 2010

Field Asset Services (FAS), a provider of field services to the real estate-owned (REO) industry, has announced the availability of FAS Direct Services, a new service solution for larger real estate firms, based on FAS’s revolutionary Collateral Command concept. An integrated suite of services, FAS Direct Services eliminates the hassles of property management for local real estate agents and brokers.  “FAS understands that the goal of real estate agents is to move properties fast and not be held back by the time-consuming tasks associated with property management,” said Dale McPherson, president and chief executive officer of Field Asset Services. “FAS Direct Services was created to offload the burdens of property management by providing real estate agents with a dependable solution that delivers the services they need, when they need them and in a recurring business model. By leveraging our more than 15 years of experience providing property management services to the lender community, we’ve been able to build a robust solution for the agent community that eliminates property management challenges and enables them to focus on their job of selling and marketing properties.” FAS Direct Services is an integrated suite of services created to streamline the management of REO and foreclosed properties for real estate agents. Centrally managed by FAStrack, FAS’s state-of-the-art workflow management system, FAS Direct Services enables FAS to deliver agents consistent and high quality service and predictable pricing with a three-day turn around on initial services. Through FAS Direct Services, FAS is able to efficiently oversee all aspects of property management activities from utilities to compliance and proposal while providing real estate agents with an easy way to order, inspect and review preservation and recurring services. In addition, through FAStrack, FAS can enable QA inspections and online tracking. A full suite of FAS Direct Services is available today and includes: ►Preservation: Re-key, lock-out, board-up, trash-out, winterization and other services, as required. ►Maintenance: Landscape, janitorial, winterization, pool maintenance, HOA and code compliance, miscellaneous services. ►Utilities: Relationship management, consolidated billing, flat billing, agent and attorney reimbursements. ►Inspection: Occupancy, pre-sale, compliance and specialty inspections. ►Compliance: Health & safety, security, lawn and landscaping, habitability, building codes, vacant property registration. ►REoMODELING: Project assessment and analysis, project management, project visibility for our customers. ►Repair: Appliance replacement and installation, mechanical and HVAC, plumbing, electrical, structural work, interior and exterior cosmetic improvements, landscaping, exterior lighting and outbuilding repairs. For more information, visit www.fieldassets.com.
About the author
Published
Sep 20, 2010
Jobs Report Comes In Weak After Mortgage Rates Surge

Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates

Oct 02, 2026
Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Oct 01, 2026
Serious Mortgage Delinquencies Rise 19% After Five Months Of Improvement

ICE data shows 574,000 mortgages were at least 90 days past due in August, while early-stage delinquencies remained below year-ago levels

Sep 29, 2026
Smaller Down Payments Give Buyers More Room, But Rates Limit The Savings

The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country

Sep 25, 2026
Mortgage Rates Break 7% Just As Builders Find A Way To Move Buyers

New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again

Sep 25, 2026
Borrowers Want Digital Closings, But Some Originators Remain Hesitant

ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider

Sep 23, 2026