If you are a new contractor who has just entered the property preservation industry and is
looking for work, or if you are a owner of a small preservation company and looking to expand and work with more nationals you will most probably want to know where to apply for as vendors. So here I have tried to compile a list of Property Preservation Companies who are nationals that work directly with the banks and HUD and are always looking to recruit new vendors, along with links to their vendor application portal and some brief information about each company.
If you are looking for pricing of any of these nationals though you can read one of my previous blog on Property preservation price list.
Largest Property Preservation Companies:
The largest nationals are those that have the biggest coverage throughout the states and have the most work. All of them work in both PnP and REO and relatively speaking, pay better than other nationals:
1) Mortgage Contracting Services (MCS)
MCS is one of largest nationals at present. They work on PnP, Eviction, REO, as well as on Hazard Repairs. To become a MCS vendor, a contractor must have general liability insurance as well as E&O Insurance with $1 million coverage limit. Their payment is also good and so far, I have not heard of any complaints from any contractors regarding any payment issue. Here is their link to Vendor Application.
In 2016, Servicelink had a massive change in their vendor platform. The new platform Assetshield has some drastic changes to how orders are processed from before. You can read more about that on our blog on Assethshield. To become their vendor, click on Assetshield Vendor Information.
3) Five Brothers Property Preservation Company
Although a large national company, there has been some complaints regarding Five Brothers, complaints include offering low prices for grass cuts, not paying on time and back charging. However, I have seen some contractors work successfully with Five Brothers.
Click on Five Brothers Vendor Application to apply to become their vendor.
4) Safeguard Properties
Perhaps the largest national preservation company would be Safeguard. They cover almost all states. They are also one of the easiest to become vendors of. However, it should be noted that their pricing for grass cut vendors are relatively low than most other nationals.
Safeguard Vendor Application.
5) Mortgage Specialists International (MSI)
Another comparatively large national preservation company that provides coverage in several states. If you want to become their vendor, you can get more information in this link to MSI Vendor Contact.
Some other National Property Preservation Companies
Apart of the five large nationals listed above, there are more preservation companies that has work directly with banks, coverage nationwide and are reputable. Below is their list along with links to their vendor applications:
1) MnM Mortgage Services 2) Sand Castle Field Services
3) Altisource 4) Wolverine Real Estate Services
5) National Field Representatives 6) Carrington Home Solutions
7) Assurant Field Asset Services 8) Lending Edge Companies
9) First Allegiance
National Preservation companies that provide only or mostly REO work
Some of the smaller nationals only provide REO work, their pay is relatively less but no risk and liability issue are there also.
2) Spectrum Field Services
3) SingleSource Property Solutions
5) PK Management
6) Guardian Asset Management
7) ABBA Construction
One of the nationals you should not work for is National Field Network (NFN). Most of the contractors that I know, who had worked for them made huge losses due to non-payment. Even if you are working for them currently, I would advise to drop them off.
Hope this list helps you out, also, you can check our company portfolio for a full list of national property preservation companies that we have experience processing for if you need us to help you out with processing work orders.
1) Work Order Processing Services
Zayed Ahmed is the Founder and CEO of ASL BPO.