Winterizations

• Assets are winterized under one common program.  Spectrum manages and performs all aspects of the winterization for our clients, using our extensive winterization experience and network of locally-based independent contractors.
• Property winterization results can be uploaded to your web-based system, or an email notification can be sent to agent when winterization results are posted

Consistency

• All winterizations are performed through one provider nationwide
• Spectrum’s local contractors are required to follow Spectrum’s specifications (as adjusted for local geographic requirements)

Cost Savings

• Experience shows that REO servicers save an average of $50 - $100 per property

Simplified Pricing

• Able to work from one price schedule that is agreed upon in advance

Simplified Billing

• Since the billing for each winterization will come from one source, direct electronic billing will be utilized
• Vendor management: One vendor billing for winterizations vs. thousands of vendor billings

Liability

• Winterization errors, should they occur, are easier to resolve if a single-source vendor is involved
• Spectrum requires its contractors to carry liability and errors & omissions insurance coverage
• Spectrum itself carries a blanket policy covering commercial general liability and errors & omissions risk

Benefits to Agents

• No longer have to take the time to locate a plumber for each of your properties
• Able to cede responsibility and to Spectrum for winterizations