Field inspectors provide visual inspections through taking photos of a location and writing reports for banks and companies in order to estimate a property's value. While there is no postsecondary education required, there will be plenty of on-the-job training, and those interested are expected to have their own transportation. A field inspector can work in several different industries as either a occupational health and safety technician or as a compliance officer.
Field inspectors personally verify information and create reports about residential and commercial properties for banks, mortgage lenders and insurance companies. They provide valuations, inspections and property preservation services. While there are no formal education requirements for this profession, field inspectors are typically trained by field services companies and must provide their own equipment.
|Other Requirements||On-the-job training and access to transportation and other equipment; strong communication and technological skills|
|Projected Job Growth (2014-2024)*||9% for occupational health and safety technicians; 3% for compliance officers|
|Median Salary (2015)*||$48,070 for occupational health and safety technicians; $65,640 for compliance officers|
Source: *U.S. Bureau of Labor Statistics
Job Description for Field Inspectors
Field inspectors provide visual inspections and property preservation services for financial institutions. Their services are typically contracted through independent field services companies in instances when banks, mortgage lenders and insurance agencies need to verify information about homes, businesses or vehicles they have a financial stake in. For example, an insurance agency may contract a field inspector to examine a home for potential problems prior to issuing a home insurance policy to the owner. A mortgage lender or bank can use a field inspector to confirm a foreclosed property is no longer occupied, and task the inspector with minor maintenance duties to protect the property.
The duties of a field inspector vary by the type of inspection, but generally include driving to a location, performing a visual inspection, taking photos and writing a report. For lenders and banks, field inspectors perform appraisals with an exterior examination and photo documentation. Field inspectors commonly perform property preservation or winterization duties, including changing locks, boarding windows, draining water heaters and shutting off the water supply to a building or house. Insurance companies can employ field inspectors to verify the address of a business, perform inspections after a claim has been filed and even contact a debtor after normal channels of communication are unanswered.
Requirements to Become a Field Inspector
Field services companies generally do not have strict formal education requirements and often offer on-the-job training. Inspectors need to have basic proficiency with technology, good communication skills and be able to search public property records. They are commonly independent contractors who are required to provide their own vehicle, a computer and a camera. Inspectors who offer property preservation services need to be familiar with piping and appliances and be able to perform basic maintenance duties.
Employment Outlook and Salary
The U.S. Bureau of Labor Statistics (BLS) doesn't provide salary or employment growth predictions for field inspectors. However, it does have data for two related careers: occupational health and safety technicians and compliance officers. The BLS expected that occupational health and safety technicians could see employment growth of 9% from 2014 to 2024, which is about as fast as average. These workers had a median salary of $48,070 as of May 2015, while compliance officers earned a median of $65,640 and had a projected employment growth of 3% from 2014 to 2024.
Field inspectors are hired by banks and other companies to provide visual inspections for a piece of land or building in order to estimate its value. They can work in multiple areas as either a compliance officer or as an occupational health and safety technician. Most training for these positions comes through on the job experience.