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LPS Property Tax Solutions'
proprietary online tax processing system
is extremely flexible, enabling lenders
to place new orders via the Internet, Electronic
Data Interchange (EDI), magnetic tape, cartridge,
disk or other automated means. Active orders
can also be updated, cancelled and reinstated
using any of these order methods. LPS Property Tax Solutions'
system operates in a real-time environment
and may be accessed 24 hours a day, 7 days
a week. Designed for maximum flexibility
and performance, the system facilitates
network access through a variety
of connectivity options. The system also
provides online help on every
screen. Some of the features of
LPS Property Tax Solutions' system include:
- Property Tax Direct™ System: Enables
users to instantaneously obtain
- accurate tax data
at the point of loan origination to ensure correct
- Escrow-Months-To-Collect and monthly payment amounts.
- Loan/Contract System: Enables
users to add, view, maintain and cancel
- tax service requests.
- Property Tax Information System:
Provides online access to tax collecting
-
agencies throughout the U.S.
- Delinquency Tracking System:
Advanced automation sets delinquency
- reporting
parameters, monitors payments, records
activities, generates
- notification letters,
tracks delinquency performance and statistically
-
summarizes all delinquency data.
- Agency Information System:
Pertinent data for over 23,000 tax collecting
-
entities nationwide.
- Statistical Analysis System:
Scans loan portfolios for the number of
loans
- under service, geographical coverage
areas and summarizes escrowed
- vs. non-escrowed
loans by state.
- Customer Service System: Tracks
service requests and LPS Property Tax Solutions'
- subsequent
responses.
- History Trail: Reflects all
contract activity, revisions, updates
and tax reporting
- information.
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