Experience The Highest Level Of Accuracy And Customer Service In The Real Estate Tax Service Industry
For over 20 years our tax service solution has been utilized by a wide spectrum of real estate lenders from some of the country’s largest lenders to smaller community banks and credit unions.
Escrow Tax Reporting
AFR’s Escrow Tax Reporting Service ensures accurate and timely reporting of property tax amounts directly from each relevant taxing authority—guaranteed before the first penalty date.
Our comprehensive service includes:
- Verifying tax collector and parcel information
- Submitting and tracking tax bill requests
- Requesting supplemental tax bills when applicable
- Procuring tax bill data for all loans under contract
Delinquent Tax Monitoring
AFR’s Delinquent Tax Monitoring Service helps protect lenders from tax sale losses on loans without escrowed property taxes. We conduct annual tax status searches, scheduled based on state and local tax sale laws, and provide timely alerts on unpaid or delinquent property taxes.
Lenders receive full transparency and proactive reporting to reduce risk and preserve the value of their portfolios.
Key Features:
- Complete Parceling of all loans
- Identification of All Taxing Authorities and corresponding amounts
- Tax Sale-Sensitive Monitoring Schedules to meet legal requirements
- Property Tax Forecasting Tools for financial planning
- Severity Code-Based Prioritization and management tracking
- Flexible Reporting Options — standard and ad hoc
- 24/7 Online Access to Lender Tax Service data
- Full Audit Support
- Delinquent Notification Letters sent to borrowers requesting proof of payment
Tax Payment Services
- Tax amounts are procured at scheduled intervals
- Customized approval workflows are developed with the client
- Payments are initiated to the taxing entity on the client’s behalf
Redemption & Delinquent Tax Payment
For loans still delinquent after the borrower notification process, AFR will:
- Confirm the outstanding tax delinquency
- Obtain the redemption amount
- Pay delinquent taxes on behalf of the lender
- Provide confirmation via official receipt from the tax office
Systems & Reporting
AFR offers flexible loan boarding options—either individually online or via batch file upload. At no additional cost, lenders receive robust system access and reporting tools to support seamless electronic data transfer.
AFR works with each lender to establish custom formats for baseline data display, reporting, and output. Online access to the tax service platform and lender data is available 24/7.
AFR’s solutions are designed to help lenders stay competitive, efficient, and compliant. Key advantages include:
- Faster cycle times and verified delinquency checks on all properties
- Accurate, on-time reporting of all property tax obligations
- Reduced operational costs
- Full visibility and control through secure online access
- Dedicated, responsive customer service