Property Tax Direct
 

Property Tax Direct™ (PTD) is an industry-leading national property tax data solution that provides on-demand reporting throughout the loan life cycle and reduces the challenges and costs of procuring comprehensive tax data and conducting timely tax searches.

Property Tax Direct can be used for:

Origination
  • Obtain current year tax amounts for GFE reporting
  • Research tax status to identify delinquent property taxes at loan close
  • Deliver extremely accurate real estate tax amounts in CA for new purchases
Servicing
  • Research tax status during the loan modification process
  • Review portfolios for delinquent tax status for loans that do not have traditional tax service (HELOC, 2nd deeds, etc.)
Default
  • Conduct delinquent tax research on non-performing loans to avoid property loss due to delinquent taxes
  • Gain a snapshot view of tax status for loans in foreclosure, bankruptcy and REO status
Investors
  • Perform due diligence and risk evaluation when assessing portfolios for acquisition
Property Tax Direct - GFE™
Property Tax Direct provides an accurate and timely tax data solution that satisfies the client's Good Faith Estimate (GFE) reporting requirements. The following tax data elements are provided for PTD GFE:
  • Address Standardization / GIS Location
  • Automated Tax Agency Identification
  • Automated Assignment of Parcel Number(s)
  • Current Tax Amounts (latest available)
  • Supplemental bill information (if applicable)
  • Escrow Months to Collect calculation (provides an accurate amount of escrow deposit to collect at closing)
  • CA properties include bond, Mello Roos special assessment information
Property Tax Direct - Plus™
Property Tax Direct Plus provides an enhanced, 100% national tax search that identifies the tax status of the property for both current and prior years. Property Tax Direct Plus delivers the following data elements:
Property Tax Direct Plus includes every GFE provides, plus these great benefits:
  • Payment status - all tax payments are confirmed
  • Prior year tax delinquencies and multiple redemption amounts / good through dates
  • Current year tax delinquencies and multiple redemption amounts / good through dates
  • Identification of third party liens
  • Assessment data such as exemption amounts, property type, assessed owners, etc.
  • Exact payment instructions based on tax agency requirements
Please go to www.propertytaxdirect.com for more information.

 

Contact Information

Black Knight Financial Services, Property Tax Direct, Inc., 600 N. Brand Blvd. Suite 500, Glendale, CA 91203, (866) 412-8271

 


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