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Tax Certification and Escrow
Administration is a complicated
task that requires dedicated
tax processors constantly
updating the tax profile of
large portfolios of loans.
Any delay in retrieving the
correct information may lead
to a number of difficulties
for the servicer and the lender.
In a worst case scenario the
lender may even loose the
property. Inuva devised and
provided a unique solution
for a major servicing operation
in Miami, Florida at a fraction
of its original cost.
The
Process:
- Inuva processors Log
directly into client's
loan administration database
using Citrix server and
generate the required
report.
- Initiate a call to the
county tax authorities
and gather information
on the property.
- Information received
by fax is processed separately.
- Update information on-line
to the clients mortgage
administration system.
- Generate reports as
per clients’ requirement.
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