REAL ESTATE TAX SERVICES
Did you know that more than $21 billion of real estate property taxes become delinquent each year?
This means that reducing portfolio risk and successful CFPB and FDIC audits are top priorities for our company. We help you achieve compliance while reducing the cost of gathering accurate tax information.
Hundreds of lenders use Info-Pro to achieve compliance, and minimize cost, and minimize risk associated with the loss of real estate collateral due to inaccurate data and delinquent property taxes. On average, we help our clients save more than 80% in internal resource time normally required to gather this information.
Since 2010, more than 200 lenders have been fined almost $3 million by the FDIC, OCC or FRB for non-compliance.
There are several flood related regulations that lenders must adhere to. While many institutions do their best to be in compliance, the truth is that they aren’t 100% sure they will pass an audit and the associated fines are costly.
Know when property insurance lapses and be ready to address the associated risks
Lapses in property insurance create significant risk for lenders. Many banks allocate costly resources to monitoring insurance and when necessary, implement lender-placed policies to control the risk, but what happens when these properties aren’t identified before foreclosure, or worse yet, an audit?
Transform your checking accounts into one of your most valuable products.
Checking accounts have become a loss leader and provide very little differentiation. In fact, studies suggest checking account profitability has decreased by 50% since 2013.
Our Checking Services changes that, making checking accounts a revenue generator for your institution. By adding services that consumers highly value, such as identity theft protection, you now offer a value-added solution for which consumers are willing to pay a fee.