Compliance
Our partners are trusted compliance-driven organizations with strict adherence to regulatory guidelines, corporate governance, consumer-driven best practices and client communications. They monitor major legal and regulatory announcements from various industry sources at the national and state level.
Consumer Finance Protection Bureau (CFPB) compliant.
Annual 1098 year-end statements
IRS 1099A, 1099C, 1099INT & 1099MISC Forms
10-Day, 15-Day, 30-Day, 45-Day and 60-Day Delinquency Notices
Annual or short year escrow analysis statement with surplus checks when applicable
Escrow Servicing Solution
Finally, a web-based solution to meet RESPA escrow rules. Escrow Servicing Solutions makes escrow administration accessible for lenders of all sizes, including community banks and credit unions. By leveraging our insurance tracking, escrow administration and property tax expertise, you can retain the servicing of your borrowers’ loans and maintain control of escrowed funds. Our advanced technology and processes help ensure each escrow account is set up and managed in accordance with federal regulatory guidelines– allowing you to maintain compliance with today’s servicing rules and requirements.
Does your LSS doesn’t support all the necessary Escrow Analysis forms including:
Preliminary aggregate escrow analysis
Upfront escrow disclosure
Disbursement service
Annual Escrow Disclosure Statement and on-demand aggregate escrow analysis
If not, call us now, 888-664-6771 ext 3 We are here to help
Key Benefit of Escrow Servicing Solution
Maximum compliance - Satisfy Biggert-Waters Act flood escrow requirements
Maintain control - Continue to collect and hold escrow funds and retain servicing
Instant access - Access to online escrow tax amount reports in time to pay installments
Complete information - Complete loan, tax payment and tax collecting agency information to ensure tax payments are made on time to the correct agency
Stay updated - Get notified when payments are due and how much to pay
Easy payments - Forward funds to us and we will disburse to the respective parties
Your organization collects and holds escrow funds in your own trust or escrow account and retain loan servicing
You will be notified when your customers have payments due and the total amount to be paid approximately 30 days before the due date
Confidence in service - Receive monthly reports confirming all funding has been met
Access - Find your escrow loan information at any time, on our web portal
Statement management - We manage disclosure statements, including Initial Disclosure, Annual Disclosures and Short-Year Statements
Mitigate risk - Stop losing assets to default and auction due to unpaid taxes
Maximized efficiency - Boost your team’s efficiency and reduce the possibility of delinquent and penalty fees