LERETA, a national provider of real estate tax and flood services for mortgage servicers, reports that its tax reporting technology is now integrated with Black Knight’s MSP.
The integration means mortgage servicers can see a reduction in payment timeframes, the elimination of manual report entry errors and enhanced tax-specific processing.
Additionally, servicers will benefit from quicker loan onboarding, while also offering better collaboration and improved customer service.
The integration project allows LERETA and MSP customers the ability to create business rules related to escrow processes that will communicate seamlessly between LERETA’s and Black Knight’s systems.
This enhanced communication simplifies an MSP client’s ability to onboard a tax portfolio with LERETA’s technology and implementation team.
“Creating this strong partnership with Black Knight and aligning our offerings with the company’s market-defining MSP servicing system 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 along with the MSP system will now have more automation and reduced risk.”
Black Knight and LERETA have kicked off phase two of these integration enhancements, which will enable agents to have more effective conversations with borrowers and increase first call resolution.