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Did you experience dramatic growth during the “mortgage boom?”
Are you concerned that your data might not be complete or accurate?
Are you continuing to grow?
If you answered “yes” to any of the questions above, there is a strong probability your mortgage file contains data entry errors. An error as seemingly harmless as transposing two numbers can mean that a tax delinquency on it will be missed, costing the lender thousands of dollars in interest and penalties -- or worse.
Tax agencies across the country utilize a variety of configurations and formats for permanently identifying a parcel of real property. Some may issue a tax parcel identification number (PIN), while others may use block, lot and suffix; liber and folio; map and plot; grand list number and so on. In addition, tax agencies will sometimes switch from one type of parcel identification number to another. INFO-PRO® Mortgage Services Corporation will verify the tax parcel identification information associated with all of your mortgage loans and let you know what information needs to be corrected.
While other companies stop with verifying the tax parcel identification number, INFO-PRO® considers this just step one. It is just as important to verify the accuracy of the borrower name(s) and property address associated with the tax parcel identification number. Any discrepancies found in these areas will be communicated back to you in an easy to read format, via our INFO-Exchange® website. This process adds a great deal of search and data entry time for INFO-PRO® employees, but it ensures that the properties being searched are the correct ones and it provides peace of mind to INFO-PRO® customers. In short, INFO-PRO® will help you clean up the mistakes in your file and give you the best chance of tracking down delinquencies, even when there are mistakes in your file.
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