InstantData for RESPA

As part of our overall RESPA solution, InstantData® assists with calculating the monthly tax escrow payment and tax amounts to help quickly and accurately prepare the Good Faith Estimate (GFE), so your clients have the accurate tax information needed for closing loans fast.

New regulations in effect January, 2010 require originators and closers to achieve higher levels of accuracy in estimating closing costs and comparing them with HUD-1 settlement statements.

This fully-automated solution provides you with centralized, real-time access to one of the largest, tax information databases in the industry. When your tax data is returned, all calculations are customized based on your estimated closing date and escrow procedures. This robust database maximizes the number of results returned so you receive accurate results in a matter of seconds. You benefit from reduced error counts along with improved query and response times. You’re also able to reallocate your time spent searching for tax information and calculating GFE to more profitable initiatives.

InstantData is available as a totally automated solution, interactively through our web portal, or via XML call.

Contact Me

InstantData® Allows You To:

  • Reduce time spent gathering tax data
  • Reduce time spent calculating GFE
  • Increase accuracy of the GFE
  • Address new RESPA regulations

InstantData Provides:

  • Name and contact information for all taxing jurisdictions assigned to collection on the property
  • Tax identification number and brief legal description (where available)
  • Tax due date
  • Installment
  • Last known tax amount
  • Tax closing cost calculation

With InstantData, You Can:

  • Access current, precise real estate property tax data
  • Mitigate risk and avoid potential penalties associated with non-compliance
  • Eliminate time spent waiting for title companies to provide tax information

This Fully-Automated Solution Provides You With:

  • Centralized, real-time access to one of the largest, tax information databases in the industry
  • Customized calculations based on your estimated closing date and escrow procedures
  • Maximized number of results returned
  • Accurate results in seconds
  • Reduced error counts
  • Improved query and response times
  • Ability to reallocate time spent searching for tax information and calculating GFE

 

Contact Me

Product Information Request

Fill in the form below to have an associate contact you. A complete form allows us to respond quickly and appropriately. Information will be used only in responding to your inquiry.

Fields marked * are required

Please Enter Your Details
  •