Washington, D.C. – May 12, 2011 – (RealEstateRama) — ICBA Mortgage Corp.,the mortgage lending subsidiary of the Independent Community Bankers of America (ICBA), and QBE FIRST today announced an exclusive one-year, preferred vendor agreement that will provide ICBA members with tax tracking, tax insourcing and escrow administration services.
“We are very excited to provide ICBA members with these key services, which will enable them to continue to make common-sense mortgage loans in their communities without having to invest in expensive technology to continue to be compliant,” said Ron Haynie, president and CEO of ICBA Mortgage. “Our members want to continue to make safe and sound mortgage loans to their customers in a cost-effective manner, and the relationship announced today with QBE FIRST will help them continue to do just that.”
QBE FIRST creates first-to-market solutions that are designed to assist in managing mortgage tax portfolios in compliant and cost-effective ways. The company’s three products were developed to adapt the capabilities of the company’s proprietary tax servicing platform-FIRST Property Tax System-to the unique needs of community bankers. The programs include:
- Total Escrow Solutions: the first fully Web-based escrow administration platform created to help small and mid-sized financial institutions provide escrow services to their customers in an efficient and cost-effective manner-all without giving up servicing the loan.
- On-Demand Tax Reporting: a low-cost solution for tracking delinquencies in a non-escrow portfolio, which breaks from the traditional life-of-loan tracking model.
- Tax Insourcing: Gives users the data and software needed to provide tax services on a bank’s portfolio.
“This agreement is great for ICBA members because it offers them reduced pricing for three powerful products that were specifically developed for the independent banker,” said John Tomko, QBE FIRST’s senior vice president, tax data, and services product line executive. “Our Total Escrow Solutions, On-Demand Tax Reporting and Tax Insourcing products are easy to implement and cost-effective for the nation’s community banks.”
For more information about the programs available through this relationship with QBE First, visit http://www.icbamortgage.com/.