The process of acquiring a home has always been rife with fraud, and as the mortgage process has further digitized, new opportunities for fraud have emerged. There are two major trends that play a role in the rise of fraud.
As the industry leader, CoreLogic is unifying and transforming residential property tax through innovation. By leveraging near real-time data across the life of a loan, we fundamentally transform both the level of transparency available to mortgage servicers and the expediency and accuracy of tax payments. This is insight with integrity.
Our data is more current, more accurate, and more reliable. This allows you to respond faster and be proactive.
Our competitors rely on periodic bulk downloads of tax data from the nation’s taxing authorities. CoreLogic, on the other hand, has built near real-time integrations with many of these entities. As the foundation for CoreLogic residential real estate tax and payment solutions, the DigitalTax Platform transforms your tax service performance by facilitating near real-time data exchange between servicers, borrowers and taxing authorities. The result is a tax service that delivers a unified and consistent view of property tax data across the entire ecosystem.
With our comprehensive tracking and reporting of over 22,000 tax authorities, we can help optimize your escrow administration process. Our Tax Amount Report provides details such as due dates, tax amounts, and required methods of payment. Lenders and servicers rely on CoreLogic for reliable procurement of tax information, accurate payment specifications of tax authorities, and timely payments.
If your borrower is responsible for paying taxes directly to the taxing authority, our Tax Payment Status reporting service provides the visibility you need to help reduce risk. Through our automated interfaces with taxing authorities and near real-time data, we can promptly notify you of delinquent taxes, provide updated information when required and pay delinquent taxes on your behalf and according to your guidelines. Our services can also assist with regulatory and investor reporting requirements.
Easily manage payment processing, balance and delivery of tax payments from a single source. This comprehensive Staff Augmentation service allows you to focus on your borrower while we help manage:
Contact Center Services are also available to help further protect and optimize the borrower experience. Combined with our technology and ability to scale, our focus on quality helps ensure an optimal experience for your borrower throughout the servicing lifecycle.
Schedule a free consultation, and empower your team with CoreLogic today!