Spectrum Field Service History

Spectrum Field Services was founded in 1987, with its home office in Salt Lake City.  During its first nine years, Spectrum provided traditional property inspection and preservation services, with its primary focus being on mid-size mortgage servicing clients.  In 1995, Spectrum acquired MMI Inspections, Inc., a California-based nationwide field service company.  A year and a half later in 1996, the mortgage-related portion of Spectrum’s business was merged with Universal Mortgage Services, Inc., a field service competitor.  The specialty inspections portion of the business remained with Spectrum. 

Early in its history, Spectrum had developed particular expertise with property preservation and maintenance services.  Because of that, the Salt Lake City office (previously the Spectrum office) of the newly combined Universal Mortgage Services became the primary provider of P&P services for the new company. 

Through a series of acquisitions and mergers, Universal subsequently became Chicago Title Field Services, Inc., and then Fidelity National Field Services, Inc.  With each of these successive changes, the company became substantially larger, and over time attracted a client base of the largest lenders in the mortgage banking industry.

During this same time, the Salt Lake City office was also developing unique expertise in handling REO property preservation and maintenance work.  The nature of the REO portion of the field service business requires a substantially different approach compared with traditional pre-foreclosure inspection and preservation work.  In response to this difference in organizational requirements, Fidelity and Spectrum determined that it would be advantageous to “spin off” the REO-related work to a separate company.  Accordingly, Spectrum acquired the REO property preservation and maintenance business from Fidelity in November 2000.  Since that time, Spectrum has developed an excellent client base of mortgage servicer REO departments and asset management companies who are marketing REO properties.

Today Spectrum Field Services, Inc. is a nationwide provider of property preservation and maintenance services—with particular emphasis on REO.  In addition, Spectrum has become a leading nationwide provider of specialty inspection, field call and site survey products. Through its network of more than 800 independent local contractors and 3,000 independent local inspectors, Spectrum offers nationwide coverage for a variety of P&P and inspection services.