Fidelity National Information Services, Jacksonville, Fla., introduced its new PropertyTaxDirect online service Oct. 23 at the Mortgage Bankers Association annual convention in Chicago.Eric Swenson, president of Fidelity National's mortgage outsourcing and information services division, said the new product is available to the escrow officer at the point of sale. The closer can get an instantaneous quote guaranteeing the customer receives correct tax district data at closing. This makes for a happy borrower, and that leads to repeat business, Mr. Swenson said. In a statement, FNIS tax services president Bill McCreary said tax service data previously had to be obtained manually. With the new system, information such as "the number of 'escrow months to collect' based on servicing requirements" can be obtained, he said. The information then flows seamlessly into the servicing system. PropertyTaxDirect is in an XML format and can integrate with any stand-alone loan origination system, Fidelity said. FNIS can be found online at http://www.fidelityinfoservices.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry