LERETA Launches Escrow Tax Payment Management Tool
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Escrow Open Item Manager alleviates the challenges found in other systems where payment cycles are managed by using open-item reports generated by mortgage servicing systems. Often, attempts to convert and upload these reports to spreadsheets or databases are time consuming, cumbersome and highly prone to errors. Errors in managing escrow payments often result in delinquent tax payments, borrower frustration and increased scrutiny from regulatory entities, such as the
"With Escrow Open Item Manager, managers can have confidence in their team's overall status," she continued, "which helps expedite the work that requires special handling or specific business processes, further mitigating the risk of losing items that have not been addressed." About LERETA Since 1986,
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