When facing a challenging and uncertain market, service providers will naturally seek a tax vendor they can trust. CoreLogic has led the residential property tax industry for years. Today, the company leverages their experience and dynamic pricing to help its servicing customers succeed in 2023.
Thank you for reading this post, don't forget to subscribe!CoreLogic’s digital tax portal provides servicers a window into the industry’s largest property database, containing over 1 billion property records. Users can experience how true transparency in data and processes increases payment accuracy, reduces exceptions and minimizes refunds.
Incorrect property tax payments lead to refunds, penalties and a diminished homeowner experience. Incomplete information about available discount dates may also result in overpayment. CoreLogic’s real-time data and extensive tax agency relationships ensure that each homeowner’s property tax status is current so they pay accurately the first time.
Property tax payment requirements vary by state and region. CoreLogic thoroughly understands the nuances in tax agencies from coast to coast, so servicers can feel confident that their payments made by CoreLogic will be accurate, on time, and on track regardless of the state they are operating in. .
For complex jurisdictions like Texas, CoreLogic’s setup and audit processes work to minimize duplicate bill fees by identifying all costs and strategically planning how these amounts are derived. For Wisconsin, the company manages the preferences and customer feedback processes for service providers and provides easy-to-understand reporting and tracking in its digital tax portal.
And in cases that may involve coastal, rural, or high-altitude lending, CoreLogic’s unique search procedures include the company’s proprietary spatial data checks for fields, parking locations, and even boat slips. Its property taxing agency relationships supplement and also handle water and sewer bills, regardless of the number of agencies or collectors.
By paying right the first time, CoreLogic also helps increase homeowner satisfaction. Having access to the most current tax payment data reduces the number of times a homeowner has to contact you for tax information – increasing efficiency and customer satisfaction. CoreLogic’s data network obviates the need to send lockout letters, even in Pennsylvania.
CoreLogic has partnered with taxing agencies and collectors across the country to help bring the industry into the digital age. By offering the collector portal, CoreLogic ensures that whether the user is a servicer or a collector, everyone has access to the right data and tools that provide accuracy and transparency to homeowners.
In addition to allowing transparency in data and processes, digital tax portals also streamline report access, tax line setup, document uploads and even payment decisions. With integration into most major servicing systems, servicers can reduce risk and add automation to their processes where it is needed most.
Whether making portfolio changes through buy or sell, CoreLogic’s industry-leading tax service is positioned to help service providers navigate current market challenges.
