- Tax Escrow Management: Processing and tracking monthly tax payments to ensure timely submission to tax authorities.
- Escrow Analysis: Reviewing and updating escrow accounts annually to adjust for changes in property taxes, preventing shortages or surpluses.
- 1098 Tax Reporting: Ensuring accurate issuance of Form 1098 (Mortgage Interest Statement) to borrowers for tax deduction purposes.
- Compliance & Reporting: Monitoring changes in tax laws and ensuring company compliance across different jurisdictions.
- Client Support: Assisting with tax-related inquiries from borrowers and providing documentation for tax filing.
- Property Tax Compliance: Managing property tax payments through escrow accounts and ensuring compliance with local, state, and federal tax laws.
- Investor and Expat Services: Assisting with tax planning for real estate investors and helping expatriates navigate complex foreign or US tax issues related to property.
- Self-Employed Borrower Support: Analyzing complex financial documentation, such as tax returns, to determine income for mortgage qualifications.
- Tax Reporting: Issuing and reviewing IRS Form 1098 (Mortgage Interest Statement) for homeowners.