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Nexval offers efficient property preservation outsourcing services. We help manage everything, from processing work orders to providing customized reports. After the emergence of COVID-I9 and shelter-in-place protocols following the outbreak of this global pandemic, servicers and vendors have faced major challenges maintaining properties. Property Preservation departments have had to adopt many creative solutions to work around a very active real estate market. As never before in the market's history, we are seeing homes facing foreclosure while in the midst of a booming real estate sales market. At Nexval, we understand how difficult it is to plan for the unknown. Being prepared is the best prevention measure to take. Managing vacant properties is a very detailed task with deep-rooted financial implications. Being prepared is the best prevention measure to take. The changing rules and regulations, charge-backs, software updates on top of managing a large pool of vendors, can have a big effect on quality services.

The current impacts of the pandemic have subjected many businesses to unforeseen outcomes and the Property Preservation vertical is also not an exception. The virus has wedged the global economy significantly with Field Servicers struggling to strategize effective BCPs

Approximately 2.7 million homeowners are participating in some form of a forbearance plan, according to the Mortgage Bankers Association. And, the lion's share of these mortgages is held by private lending services and not federally-backed lenders, like Fannie Mae, Freddie Mac, VA, USDA, FHA, etc.