When it comes to ensuring your institution is doing everything it can to succeed and draw in new customers, it is imperative you give your internal operations a good, hard look. While many banks and credit unions take the “we can do it all” approach, this isn’t always great for business. In some cases, outsourcing services like real estate tax...

When evaluating vendors to outsource lender services such as real estate tax monitoring, you’re likely focused on the nuts and bolts of the service you’re outsourcing: process, quality, pricing, etc. But it’s important not to forget the service and support experience you’ll be getting.

Different lender services companies offer different levels...

Recently, we’ve written about the potential consequences of inaccurate parcel or tax data, as well as how these inaccuracies often occur. Inaccurate data can lead to delinquencies, interest fees and penalties, unhappy borrowers, compliance issues, and more.

In this blog, we’ll examine the benefits of outsourcing real estate tax services, and...

In our last blog, we looked at the various consequences that can occur when data isn’t accurate in a financial institution’s loan portfolio. Real estate tax inaccuracies can occur for many reasons, such as a borrower name change, misreported tax amounts or due dates, payment changes for various reasons, and more.

These type of real estate tax...

For banks and credit unions, monitoring their entire loan portfolio and ensuring data stays up to date is no small feat. A borrower name or payment address may change without the institution’s knowledge, and that small change can end up wreaking havoc when it’s time to pay property taxes.

In this blog we’ll take a look at some of the common...

Finding the right vendor to outsource real estate tax monitoring to isn’t always easy. For many institutions, it can be challenging to figure out if the vendor they are working with is providing them with the best services for their needs. When you switch to Info-Pro for real estate tax monitoring, you can rest assured that all of your...

When it comes to outsourcing real estate tax monitoring—or any lender service, for that matter—it is important to keep in mind that not all vendors are the same. Different vendors offer different services, some of which are better than others. For this reason, it is imperative that you do your research and make sure you are working with a...

Over the last couple of blogs we have discussed the tax sale process, how it differs from state to state, and the important role of real estate tax monitoring. Tax sales present a major risk—to borrowers and financial institutions alike. If a borrower becomes delinquent on their taxes for as little as six months, they are at risk of losing...

As we discussed last week, tax sales are a major problem for lenders and borrowers alike. Tax sales occur when a borrower has become delinquent on their property taxes, but it’s a bit more complicated than that. For starters, the tax sale process differs from state to state. In some states, a property can be sold in a tax sale if the homeowner...