Enters commercial real estate, borrower’s certification markets with two new services

Quiktrak, a global leader in asset verification and inventory audit solutions, announced that it has added two new inspection services to its portfolio. Quiktrak will now offer Commercial Real Estate Inspections and Borrower’s Certification Inspections to customers in the leasing and finance industry.
 
Quiktrak’s Commercial Real Estate Inspection service will provide customers with a comprehensive overview of commercial property sites. These inspections will provide market area analysis, inspector comments, notes on neighborhood conditions and photos of the inspection sites. Quiktrak’s customers will be able to leverage the inspection results in a variety of ways, ranging from portfolio evaluation to environmental analysis.

The Borrower’s Certification Inspection service will help leasing and finance customers validate the signatory within loan applications. These inspections will provide verification of a borrower’s identity and will include a general site inspection. In this report customers will be provided with photos of a borrower, images of the borrower’s photo ID and photos of the location.  With this information, Quiktrak’s customers can verify that borrowers are accurately representing themselves and their assets in lending transactions, reducing the potential of debtor misrepresentation.
 
 “These two new services highlight our dedication to the financial community to provide the industry’s most comprehensive suite of inspection services,” said Greg Froomer, CEO and president of Quiktrak. “With the risk of identity theft and fraud growing in today’s fast-paced world, the need to physically verify a person’s identity and vet their assets continues to become increasingly more important.”

This release comes on the heels of Quiktrak’s recent announcement that it was acquired by Paris-based Bureau Veritas, a world leader in testing, inspection and certification services after a year of strong growth. Combined with the announcement of these new inspection services, Quiktrak is well positioned as a global one-stop shop for field inspections, verifications and inventory auditing solutions.

Headquartered in Beaverton, Oregon, Quiktrak is a leading provider of due diligence field services, including field inspection and asset verification reports and floor plan inventory auditing and technology solutions. Founded in 1991, Quiktrak utilizes its Revoquest technology and a network of more than 600 strategically placed inspectors to provide the industry’s most reliable and trusted asset verification solution. Quiktrak’s audit services and technology solutions help protect the assets of leading commercial lenders and asset finance companies, including captive finance and wholesale credit groups currently in 14 countries.