The new tax estimator is helpful in making estimates for new construction
CoreLogic announced the integration of its product, the Property Tax Estimator, on the Ellie Mae Encompass all-in-one mortgage management solution, according to a news release.
An automated solution, the Property Tax Estimator was made to make loan estimates more accurate during the loan origination process.
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It is also helpful in estimating taxes for new construction as well as places where there are tax caps for existing residents, or when the tax rate restarts when an ownership is transferred or a home is sold.
“The tax estimating process is critical to several stages of the mortgage cycle: disclosures, underwriting and servicing,” said Kirk Randlett, vice president of operations, tax services management for CoreLogic. “Accurate tax estimates help deliver the right blend of quality, performance and efficiency required for optimizing the borrower experience while minimizing compliance risk. Property Tax Estimator brings the full value of CoreLogic data capabilities in a solution that is now easily accessible via Encompass.”