| 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 Tracking Service fee as part of the closing costs on a loan. In today's competitive world, lenders have increasingly sought ways to reduce costs, improve productivity and substantially reduce risk. Tax Tracking 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. |
Track Borrower’s
Property Tax Payments!
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FirstClose tax services provide:
- Delinquency tax tracking & reporting
- Instant, individual confirmation
- Customized letters to borrowers
Key benefits of tax tracking services:
- Customized reports to save time & money with regard to reconciliation
- Notices prior to ‘cut-off' date - know exactly when to start your tax audit
- Portfolio scrubs for established customers
- Audits portfolio to insure tracking of :
- applicable properties
- verify parcel number accuracy
- eliminate paid loans
- Saves you time and money
- Eliminates lender research, exposure & liability from tax sales
- Personalized assistance reduces stress for you and your staff
- Stage sensitive notification process
- Customizable
- Borrower notifications formatted for your letterhead
- Delinquency notification report
- Streamlined tracking - no extraneous reporting
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