Property inspections of commercial and multi-family buildings are a critical component of the servicer’s responsibility for proactive asset management of a property. The inspection is an opportunity to gain first hand information about the current physical condition and operations of a commercial or multifamily property. The inspection is used to identify any recent upgrades or to identify trends and potential risks that may negatively impact the ongoing income potential of the asset. It also allows the servicer to monitor the physical condition of the subject property throughout the life of the loan.