TaxMonitor Overview

Is your portfolio at risk?

When an individual obtains a fist mortgage on a property, the loan payments are structured such that the real estate taxes for the property are included in the loan payment. The funds for the taxes are held "in escrow" until the time that the tax bill must be paid. As long as the individual makes the regular payments, the taxes will be paid on time from the escrowed funds.

Commercial lenders, however, can have circumstances where a borrower uses property as collateral for the loan, yet the borrower continues to pay their own taxes directly to the tax authority. This presents risk to the lender if the borrower discontinues paying the taxes. Non-payment of taxes can be the first indicator that the loan is in trouble.

TaxMonitor™ watches your borrowers' tax payments and looks for any delinquencies. When a delinquency is located, the Tax Search results are instantly emailed to your administrative headquarters. The Tax Search can, at your option, also be emailed directly to your lender. This alerts the lender to a possible problem which can be instantly addressed by contacting the borrower.

Using TaxMonitor™ mitigates the inherent risk in the loan portfolio.

If you are interested in reducing the risk factors in your portfolio, contact us and ask how you can sign up for this service. Enroll in TaxMonitor today.