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Financial planner: Reverse mortgages can help retirees with high property taxes

Housing Wire

A retired public school teacher living in the Pacific Northwest told MarketWatch that he is feeling stressed by high property taxes on a fixed income and asks if he would be a good candidate for a financial adviser. for 49 years, and my property taxes rise quickly. I have lived in Edmonds, Wash.

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Re-thinking property tax reporting can help meet lenders’ need for speed

Housing Wire

As these companies examine critical operational workflows, the property tax reporting process often stands out as an opportunity for re-engineering. Digitizing Property Tax Reporting. Given there are over 22,000 tax agencies in the U.S.,

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How lenders can improve property tax estimation processes to bolster borrower satisfaction

Housing Wire

Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process. This case study explores how the correspondent lender was able to reduce its property tax estimation time by upwards of 90% per loan by implementing CoreLogic’s Property Tax Estimator (PTE).

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What is portfolio cleansing?

Housing Wire

This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. Step 1 – The full population from the portfolio transfer was run through CoreLogic’s databases to check the property tax status.

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Property taxes have been rising. Here’s what it means for housing

Housing Wire

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I

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CoreLogic’s Digital Tax Portal increases payment accuracy for servicers

Housing Wire

When facing a challenging and uncertain market, servicers will naturally seek a tax vendor they can trust. CoreLogic has led the residential property tax industry for years. Today, the company leverages their experience and dynamic pricing to help their servicing clients succeed in 2023.

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California HAF requirements extended in bid to entice more beneficiaries

Housing Wire

1 and are still in arrears, or who’ve missed at least one property tax payment by Feb. Within the reverse mortgage industry, HAF has been primarily utilized by Home Equity Conversion Mortgage (HECM) borrowers who fell behind on their property taxes, homeowners insurance or other charges due to the pandemic.