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Property Tax Delinquency monitoring, tracking and reporting services |
| Lenders are generally holding loans in more states today than in any other time in history. The cumbersome responsibility of monitoring the complexities of tax collectors and borrower payment status is a daunting task which requires a tremendous amount of time and effort. All across America, potential borrowers are seeing a Tax Service fee as part of the closing costs on a loan estimate. In today’s competitive world, lenders have increasingly sought after ways to reduce costs, improve productivity and substantially reduce risk. Tax Service products can remove the burden of monitoring borrowers property tax payments and processing correspondence with the borrower, as well as making sure the tax agencies are paid in a timely manner. | |
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