Responsibilities of a Field Inspector


Field inspectors work in the financial, banking and insurance sectors to verify the existence and quality of debtors' assets. They generally work as independent contractors, working on an ad hoc basis for a variety of clients. This means that field inspection is the kind of business where people who are very good at it can do well--and those who are not so good do not do well at all. There's little to no middle ground.


  • If someone asks for a loan for their business or home, they usually need to provide some sort of collateral--something that the bank could potentially seize and sell if the debtor were to default on his payments. This reduces the bank's risk and gives the debtor a bigger stake in the deal.

    A field inspector's job in these situations is to verify that the collateral exists. If someone puts a piece of property at a particular address up as collateral, the field inspector has to drive to that property and ensure that it exists, it is owned by the debtor and it is in a condition that matches the debtor's description.


  • Property managers and landlords also use field inspectors to make their lives easier. In these situations, the field inspector's job is to inspect a property at the beginning and end of a tenancy (and sometimes during it) to make sure that the property is being properly cared for and to take note of any problems.


  • Field inspectors are present in foreclosures. These are when a debtor defaults on his house payments and the bank repossesses the house to recoup its losses. A field inspector's job in this situation is to examine the house, ensure that it is still in good condition to sell and, if not, what needs to be done to improve it.

    The field inspector also takes note of basic details on the property--what color the walls are painted, how the kitchen is modeled and other such specifics that will play a role in determining its value.

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