Preparing Servicing Director System for Automated Tax record Setup

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 information about automating tax tracking, see Automating Tax Record Setup.
To prepare your system for automated tax setup:

1. Verify that you have set up a client profile with your tax vendor. This includes tax type cross-references and tax payee cross-references, including the dates for records that you want to build. If your tax vendor is First American, cross-references are established on First America's system. If your tax vendor is Land America, you must provide cross-references exports to your vendor. For more information, contact your vendor.

2. Discuss and establish the following with your vendor, as needed:
 
  • How to handle legal descriptions that are missing from the import file.
  • How to obtain tax records for additional collateral properties.
3. Verify that processes are in place to prevent tax records from being created in the system. If a loan has an existing tax record, a tax record from your tax vendor cannot be imported.

4. Set up the vendor for automated tax setup.
 
a. Open System Administration, and then click Setup.

b. Select the Vendors table, and then click Open.

c. Select your tax vendor, and then click Edit.

d. Select the Automated Tax Set Up check box, and then click OK.

ArticleNumber:

000049036

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