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Title Production Service |
Commitment
Typing
We type commitment or property
reports in your software. Our proprietary software
produces output in xml or Gator(R), SoftPro(R), RamQuest(R),
TitleExpress(R), AIM(R) compatible software. We can data
entry online directly into your software with secured leased
line.
HUD
Preparation
We prepare HUD
settlement statement based upon lender's closing instructions
and the requirements of the title insurance commitment, if
any. We will provide the preliminary HUD settlement statement
to the lender and/or investor for approval prior to the
physical signing, if necessary
Tax
Certification
Infinity provides
Tax Certification service either through online research or
through a call center to contact the treasurer's / collector's
offices. We maintain a complete up-to-date database of contact
information for treasurers, collectors and various other
taxing authorities.
We provide Tax assessment, payment
and delinquency status and a good through date as part of
certification process.
Services
for Lenders
We monitor the
property tax payment on all your loans. We obtain the current
property tax figure and ensure that it corresponds with the
taxing authority's records. We report each property tax amount
in time for you to make the required payment to the taxing
authority.
We have property tax software solution
designed to automate property tax valuation, rendition
compliance, payment processing and management reporting for
corporate real property tax departments.
Property
Tax Reporting comprises of
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Monthly report of all loans
received: We monitor the amount of real property tax on
all your loans. We also monitor if the taxes are being
paid on time. |
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Conveying your tax information accurately
and on time online order tracking |
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Loan Delinquency reports: We provide the
list of all properties we search, with taxing authority
information, tax identification number and the amount of
past-due taxes, fully indexed to each delinquent
loan. |
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Reminder notices to delinquent
borrowers |
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Tax payment / verification reports |
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Risk Management Reporting, including a
Severity Report to track items eligible for tax
sale. |
Loan
Payoff
Upon receipt of the
borrower's authorization, we will request payoff from the
financial institution and track the turn time. We will notify
you when we expect the loan payoff or In case of any
circumstances that will delay the payoff or actually attaching
the same in your software. Complete tracking could be done in
your software.
Final
Policy
The Final Title Policy is
a key component in a mortgage transaction. It provides
security to the lender and owners and allows for the
fulfillment of a real estate transaction.
Our policy
Department checks the filed documents, yet again, for accuracy
as we begin the process of preparing the final title policy
by
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Making sure that the
conditions on the commitment have been met |
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Making phone calls on all liens to verify
they are paid and a release been sent |
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Checking the HUD Settlement Statement for
insurance requirements and any required
endorsements. |
The policy is then
typed, proofread and finalized in closing software. All you
need to do is print and mail it to the appropriate
party.
We also provide customer service to assist the
lenders, brokers and customers with any post-closing questions
or concerns. Many of our employees are cross-trained in other
departments, allowing us to expedite service effectively and
efficiently.
Closing Package
Review
Our closing package review
department will perform customized quality review
checklist upon receipt of the executed loan package from the
closing vendor. We customize the post close review checklist
to include special requirements added by the lender and/or
investor
Post
Closing Services
Infinity's post
closing department can help any investor evaluate their
portfolio and make it in compliance. We perform tasks like
Assignment preparation, Release preparation, Document
Retrieval, Certification from builder, termite certification,
Disclosure documents to complete the portfolio. We recently
completed a project to complete 60,000 loans portfolio.
Escrow
Account Reconciliation
Escrow
Account Reconciliation Services from Infinity protects your
business investment. It gives emphasis to focus on specific
escrow accounting issues, setting you free from other
management duties.
We balance your escrow accounts from
our office by working with your office and Financial
Institution to provide timely, accurate and reliable account
reconciliations. We examine bank statements and list of
outstanding checks/wire transfers.
We can log into your
database and balance your account, including bank account
reconciliation, checkbook/register balance, ledger balance,
etc.
Your potential losses can be reduced in a timely
manner as step after step disbursement and transference of
files, documents, reports, wiring of monies are carefully
recorded, maintained and serviced to concerned and relevant
parties.
Our Escrow account consultation task evaluates
un-reconciled escrow accounts on a case-by-case basis to
determine if a consultation is desirable.
Management
review and summary reports of reconciliations are our added
provisions.
Your benefits from our
reconciliation:
Escrow account management &
sanctity Over 90% Instantaneous "Hit" rate For properties not
in the database, flood zone certifications are guaranteed
within 24 hours and will usually be processed within two (2)
hours.
All flood zone certifications are guaranteed
compliant with the National Flood Insurance Reform Act of
1994, backed by our Errors and Omissions policy and FEMA
approved.
Timely account reconciliation for reduced
underwriter audit concerns Current information on each file
ledger transaction Increased control through advanced
allocation of duties Follow-up procedures to keep efficient
track.
Closing
Package Review
Standard
Quality Review Checklist is reviewed upon receipt of the
executed loan package from the closing vendor including the
task of altering the package according to the special
requirements added by the lender and/or investor.
Our
industrious Reviewers reviews:
Closing packages to
check for accuracy - Lender-by-Lender Incoming documentation
to ensure the loan package meets, legal, credit
administration, treasury and audit requirements, They provide
document assignment preparation & execution, Release
preparation, documents retrieval, certification from
builder, termite certificate, Check disclosure documents
to complete the portfolio.
Call settlement agent to
follow-up on policy, Search for mortgage releases
Title
Plant Indexing
We capture 17,000
instruments from various counties on daily basis. Our
offshore delivery center does overnight data entry of all
property documents and return next day morning. We
guarantee 99.995% data entry accuracy and quick turnaround
time.
Flood
Zone Determination
Infinity's
advanced information technology and one of a kind mapping
system let you submit your property online and, in most cases,
receive a flood zone determination instantly.
Our Flood
Zone Determination Services save you time and money in the
following way Over 90% Instantaneous "Hit" rate For properties
not in the database, flood zone certifications are guaranteed
within 24 hours and will usually be processed within two (2)
hours.
All flood zone certifications are guaranteed
compliant with the National Flood Insurance Reform Act of
1994, backed by our Errors and Omissions policy and FEMA
approved.
Our Life of Loan service is guaranteed to
provide notice of FEMA updates quickly.
Our flood compliance solutions include Basic Flood Zone
Determination Life-of-Loan Determination HMDA information
Portfolio Review & Monitoring Services
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