LERETA, a provider of real estate tax and flood services for mortgage servicers, is now integrated with Black Knight’s MSP, thus enhancing the tax reporting services Black Knight provides to its MSP servicing system customers.
The integration means mortgage servicers using MSP and LERETA can enjoy improved data exchanges, a reduction in payment timeframes, the elimination of manual report entry errors, improved processing with unique functionality, greater accuracy, enhanced tax-specific processing and an improved customer experience.
“This alliance demonstrates our continuing commitment to driving innovation in property tax servicing,” says John Walsh, CEO of LERETA, in a release. “It also shows how the respective leaders in tax service and servicing systems can work together to improve this critical servicing function. Servicers using LERETA for tax on the MSP system will now have more automation and decrease in risk.”
The integration will allow loan servicers to onboard loans faster and removes the burden of creating manual tax reports and other antiquated manual processes. This, in turn, dramatically improves reporting accuracy and responsiveness for the servicer, the tax provider and loan processing system.
The system enhancements mean decreasing the risk of delays in paying taxes and reducing tax penalties, while offering better collaboration and improved customer service.
