Nationwide Real Estate Tax Service, Inc., formed in 1987, is a privately owned firm. We provide real estate tax delinquency reporting and impound escrow services, as well as flood zone certifications, to the lending industry. We respond to our client needs with agility and timeliness while maintaining the highest standards of accuracy and integrity.
Outsourcing real estate tax service and flood certification requirements to Nationwide allows the client more time to concentrate on what they do best and, as a result, reduce costs. Our services streamline the operation of client's loan origination and servicing departments, eliminating the potential for penalties and reducing the likelihood of potential loss.
Outsourcing real estate tax service and flood certification requirements to Nationwide allows the client more time to concentrate on what they do best and, as a result, reduce costs. Our services streamline the operation of client's loan origination and servicing departments, eliminating the potential for penalties and reducing the likelihood of potential loss.
Services
Tax reporting is completed on an annual or semi-annual basis, depending on the collection frequency of the taxing authority.
Delinquent Tax Report: This report lists borrowers who are in arrears in the payment of their real estate taxes.
Different Owner Report: This report is produced when a different Owner of Record appears on the county tax rolls.
This report alerts the lender of the possible unauthorized transfer of the loan.
Incorrect Information Report: This report is produced when research reveals an inconsistency in parcel number or address.
Delinquent Tax Report: This report lists borrowers who are in arrears in the payment of their real estate taxes.
Different Owner Report: This report is produced when a different Owner of Record appears on the county tax rolls.
This report alerts the lender of the possible unauthorized transfer of the loan.
Incorrect Information Report: This report is produced when research reveals an inconsistency in parcel number or address.
Flood hazard determinations must be performed before the closing of loans secured by buildings or mobile homes, including loans secured by commercial real estate.
The only exception to the rule requiring a determination before closing is when the permanent location of a mobile home will not be known until a later time.
In that situation, the lender must ensure that the borrower informs the lender as soon as a permanent location for the mobile home is obtained, so that a flood hazard determination can be performed.
The only exception to the rule requiring a determination before closing is when the permanent location of a mobile home will not be known until a later time.
In that situation, the lender must ensure that the borrower informs the lender as soon as a permanent location for the mobile home is obtained, so that a flood hazard determination can be performed.
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