By Jonnine Eras, SVP, Senior Tax Operations Manager Unexpected increases in escrow accounts are one of the major reasons why borrowers contact servicer call centers. Resolving these calls often take time and require a fair amount of explaining to help homeowners understand why their monthly payment is going up. Over the next few years, however, [...]
If you’ve been with your real estate tax service vendor for a while, switching vendors is likely not top of mind. However, there are times when it makes sense to evaluate your current services and explore other available options. Here are some signs that it might be time to switch. How quick is [...]
POMONA, Calif., August, 22 2023 — LERETA, a leading national provider of real estate tax and flood services for mortgage servicers, today announced that Randy Kozlowski has joined the company as its Chief Strategy Officer and a member of its Executive Committee. In this newly created role, Kozlowski will be responsible for LERETA’s product development, marketing [...]
By Elly Leonida, FVP Operations Manager Floods are the most common natural disaster in the U.S. In fact, 90% of all natural disasters involve some type of flooding. As a result, floods cause more property damage and loss of life than any other natural hazard. And yet, American homeowners are typically confused when it [...]
Legislative Updates By Staci Hardy, VP Internal Audit & QC Manager LERETA's compliance team regularly monitors and tracks statewide property tax legislation that impacts tax service for our customers. This quarter we are including details on introduced legislation and the progression of seven new bills that we are following. None of these will have any [...]
By Jim Micali, COO Wise Ben Franklin said, “Nothing is certain except death and taxes.” If good ole Ben were alive today, he might amend that and say, “Nothing is certain except death, taxes, and the fact that a significant percentage of property taxes will be due at the end of each year, creating [...]
Legislative Updates By Staci Hardy, VP Internal Audit & QC Manager LERETA's compliance team regularly monitors and tracks statewide property tax legislation that impacts tax service for our customers. This quarter we are including details on introduced legislation and the progression of seven new bills that we are following. None of these will have [...]
POMONA, Calif., March 30, 2023 — LERETA, a leading national provider of real estate tax and flood services for mortgage servicers, today announced the LERETA Tax Grants program which will help pay property taxes for military veterans through Operation Homefront, a national nonprofit whose mission is to build strong, stable, and secure military families so [...]
The sharp slowdown in new originations has resulted in significant downsizing for many lenders, with reductions occurring across the organization, including servicing as well as loan origination. But as executives look at the forecast for lower volumes of new loans coming in the door, they also need to consider how much servicing volume was [...]
POMONA, Calif., February 15, 2023 — LERETA, a leading national provider of real estate tax and flood services for mortgage servicers, together with Sperlonga Data and Analytics Systems, today announced the launch of a first-of-its kind solution for Homeowner Association (HOA) reporting and payments. Powered by Sperlonga’s data, the solution can automatically monitor payments for more [...]
Legislative Updates By Staci Hardy, VP Internal Audit & QC Manager LERETA's compliance team regularly monitors and tracks statewide property tax legislation that impacts tax service for our customers. This quarter we are including details on introduced legislation and the progression of nine bills that we are following. None of these will have any impact [...]
By Tiffany Keohane, Client Implementation Manager & Susan Portnoy, SVP Product and Enterprise Operations It may sound like a “stretch,” but some of the basic principles of yoga offer a surprisingly relevant checklist of best practices to look for when assessing a tax servicer – practices that will pay off [...]
By Pat Hedges, SVP Senior Tax Operations Manager Typically, it’s not property taxes – which are most often escrowed and included with monthly mortgage payments – that pose the biggest headaches for lenders and servicers, but rather special-lien tax assessments that can be hard to identify and even harder to [...]
LERETA's Manager Meeting, 2022 La Jolla, California Two years. What a vast span of time and space between our team as we worked diligently behind screens, seeing each other only in virtual meetings with carefully [...]
POMONA, Calif., April 13, 2022 — LERETA, a leading national provider of real estate tax and flood services for mortgage servicers, today announced the addition of three new directors to its board as the company continues to emphasize and expand its technology focus. Joining the LERETA Board of Directors are technology and mortgage veterans [...]
By Priscilla Anand, Vice President / GIS Technical Manager Mapping Tool Helps Protects Servicers and Homeowners Alike If you’ve read any of our previous blogs, you’ve probably picked up on a common theme: tax servicers need to be extremely diligent setting up tax lines. Miss a parcel or a taxing agency and down the [...]
LERETA is a leading national provider of comprehensive, technologically advanced tax and flood services to the financial services industry. LERETA’s reputation for innovation, accuracy, and proprietary technology along with its team of experienced client support experts sets it apart from other providers. LERETA’s services are designed to help its clients increase cost and staff efficiency, reduce penalties and liabilities and improve operational processes.
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