Free Record Search with Risk Assessment – Nationwide
Free Record Search with Risk Assessment? Really? Yes. Please allow me to explain.
Not long ago, we sent an Environmental Risk Survey to lenders and Community Development Companies (CDCs) nationally. Two items in the survey sparked great interest:
1) Desktop environmental screening sometimes reveals elevated environmental risk, triggering the much more costly and time-consuming Phase I Environmental Site Assessment (ESA). About 90% responded: "It would be nice if we could avoid this extra step up front. We're always looking for ways to speed our deals up and have them cost less."
2) If the fee were waived for desktop environmental screens which found an "elevated risk" and then subsequently recommended a Phase I ESA (a "Clean or Free Guarantee"), it would be advantageous for our organization and our clients. 100% of respondents said: "Yes. Eliminating this double dip would save time and money."
While we suspected this would be the case, we were really surprised that the survey supported this so strongly.
The result? We introduced a new concept in the environmental risk industry. Here is our exclusive "Clean or Free" RSRA EZ-Screen guarantee, in under 40 seconds:
Watch the 40-second explanation
This approach to environmental risk management for real estate collateral has many fundamental and unique advantages:
- "Clean or Free" means that the EZ-Screen quickly clears the property as low environmental risk, or there is no charge. Your fee will be waived or refunded. No more fear of being "double dipped" for additional investigations. Ever.
- This program completely eliminates all real and perceived conflicts of interest in your environmental process. There are many such conflicts which can be very damaging to customer trust, and you may very well not even be aware of them.
- If a Phase I is recommended because of an elevated risk finding, you can use any local firm of your choosing to do the work. The EZ-Screen fee waiver is not tied to a Phase I upsell. The conflict of interest is completely eliminated by this business model.
- Lenders love this program because it is fast and inexpensive enough to serve as a first-level cut for every deal, as part of a tiered environmental risk screening approach. This relieves the lender of the burden of determining which level of environmental reporting makes the most sense. It paints the lender in a good light with the borrower. It frees the lender up to work on other aspects of the deal where they are more effective. If a legitimate concern is discovered, sometimes that concern can be investigated on its own merit (for example, Phase II sampling), potentially saving weeks, not to mention thousands in Phase I fees.
- We do not outsource or refer to a "network of partner firms" eager to profit from the upsell. You, and your clients, can rest assured that we always have your best interest in mind.
- Not only does the "Clean or Free" program eliminate all conflicts of interest, it also gives us a built-in incentive to work hard to investigate potential environmental concerns and determine whether they truly are an elevated threat to the property or not. In cases where other companies might see a potential problem and simply kick it up to a Phase I, we put in that extra effort now, instead. Your deal always reaps the benefits.
- We provide personalized, in-house expertise on every project. We never subcontract or "partner" with other firms. We start your project, and we finish it.
- The EZ-Screen meets or exceeds the US Small Business Administration's requirements for the Records Search with Risk Assessment (RSRA), but is not limited to SBA deals when used as a sensible component of a tiered assessment approach.
- We have been in business since 1993, and in that time our experience has taught us how to be the value leader. With pricing from $499 and 48-hour turnaround, no competitor offers the same combination with a guarantee behind it.
Our clients tell us that they will not entrust their environmental risk decisions to anyone else. Give us a try on your next project and find out what they mean.
To EZ-Screen your next deal, order here from our secure portal. To ask a question, email us or call (800) 769-7437.