Overview of Transamerica Tax Service Imports and Exports
The Transamerica Tax Bill Import allows you to import billing files from Transamerica Tax Service. You can use the Transamerica Tax Bill Import event to import the billing tax records and then match the records against existing tax records in Servicing Director. (You can run the Transamerica Tax Bill Status report to help you reconcile your tax billing records with the Transamerica tax billing records.) Then, in the Disbursements module, you can build a disbursement batch for the imported records and post the disbursement batch. Then you can run the Transamerica Tax Stop Payment Export to create an export file to send back to Transamerica; this export file includes tax records for the tax bills you did not pay. You may also request Transamerica's tax services for new loans and cancel contracts for loans that you no longer service (because they have been paid off, sold, or have become inactive for some other reason). You can run the Transamerica ANOP Update event to create a batch in Disbursements (the batch includes loans for which you want to add service or cancel service). Then you can run the Transamerica Tax ANOP report to see the loans that the update event selected. Finally, you can run the Transamerica ANOP Export event to create an export file to send to Transamerica.
After Transamerica receives and processes the ANOP export file you send them, they return the file to you with the new records updated to reflect the contract numbers that they have assigned. You can import this file and update your tax records with these contract numbers. Run the Transamerica New Order Import event to build a batch that you can view with the Disbursements Import/Export screen. Then, you can run the Rematch/Calc function from the Import/Export screen to update your tax records. Finally, you can run the Transamerica ANOP No Match report to see if there were records in the import batch that did not match records in Servicing Director.
Finally, you may periodically (once or twice a year) request audit files from Transamerica to compare your tax records with those on file with Transamerica. You can run the Transamerica Tax Audit Import event to import the records for what Transamerica refers to as a Parcel Audit (AB21). Or you can run the Transamerica Tax Portfolio Audit Import event to import the records for what Transamerica refers to as an Audit (AB40). After you import these files from Transamerica, you can match the tax records in the file against existing tax records in Servicing Director. After you have imported the records using the Transamerica Tax Audit Import event, you can run the Transamerica Tax Audit Status report to help you reconcile your tax records with Transamerica's. After you run the Transamerica Tax Portfolio Audit Import event, you can run the Transamerica Tax Portfolio Audit report to help you reconcile your tax records with Transamerica's.
Environment:
Servicing Director
ArticleNumber:
000054863
Related Articles
Setting up Servicing Director for Transamerica Tax Billing
There are four tasks that you must perform to prepare to import data from or export data to Transamerica Tax Services. Create a cross-reference table between your escrow type codes and the transamerica taxing authority type codes. Set transamerica up ...
Automating Tax record Set up
You can automate tax record setup thru a tax vendor. Servicing Director supports tax record set up through First American or Land American, By automating your tax record setup, you can eliminate manual entry of escrow records which reduces keying ...
Running MERS Biennial Data Review Exports
Run the three MERS Biennial Data Review Exports as part of the MERS Biennial Data Review process. If you have been scheduled for this review, MERS will notify you and assign you a snapshot date – a date to complete the initial review. You will be ...
Excluding a Loan From Tax Reporting
There may be few accounts which should not be included in tax reporting for business reasons. Go to Customer Service > Balances > Year to Date screen. Unselect the Reportable check box. Run the IRS 1098/1099 export. The export will exclude any loans ...
Preparing Servicing Director System for Automated Tax record Setup
You can now automate tax tracking with a tax vendor. Servicing Director supports automated tax setup through First American or Land America. First you must prepare your system for tax tracking, and then you can automate tax tracking. For more ...