Delta 360 Inc. Launches Suite of Municipal Property Tax Tools

Posted by Bill Rudzitis

02.22.2015

MARKHAM, ON, November 13, 2008

Delta 360 Inc. announced today the introduction of a suite of municipal property tax tools which allow lenders to:

  • quickly and accurately identify the municipality for a given property
  • calculate the tax portion to be collected with the mortgage payment to ensure an accurate underwriting decision can be made and eliminate a shortfall in the tax account

These tax tools have been introduced to solve the problem where lenders in Canada do not have accurate tax information during the loan underwriting process; resulting in a limited ability to accurately qualify the client as well as ensure that enough money is collected to prevent property tax account shortfalls for clients. Shortfalls in property tax accounts for clients results in a significant customer dissatisfier when clients are required to make lump sum payments or alternatively have significant increases in the regular payments when tax adjustments are performed at the end of the tax year.

In addition, lenders often have difficulty in identifying what municipality the property resides in. This causes tax accounts to be setup with the wrong municipality which results in tax bills being paid late for municipalities along with the late payment penalties imposed on them.

“Our tax tools provide national coverage, and instant results”, said Derek Cook, President Delta 360 Inc. “By using our tax calculators, lenders who pay municipal property taxes on behalf of clients, can ensure that tax account shortfalls are eliminated. Lenders have been telling us that this has been a major customer irritant, and it can now be easily solved through the use of our calculators”.

Delta 360’s property tax tools are available as standalone solutions which can be deployed immediately. Web services-based solutions allow the calculators to be integrated into any lending or administrative solution. Through the use of the TaxAdmin.LMS360 tools, lenders can now eliminate a major client irritant and boost customer satisfaction scores.

Learn more about our tax tools here.

About Delta 360
Delta 360 is focused on delivering superior mortgage technology solutions to the Canadian financial industry. We are revolutionizing the mortgage servicing technology space by combining workflow, scoring and document management technologies, with a robust and highly configurable loan servicing platform. In addition to the implementation services that we provide for our solutions, we provide IT strategies, infrastructure implementation, custom development, and project management. Combining our financial industry knowledge, with our experience in successfully delivering advanced mission critical solutions, positions us well as a premier solutions partner for any financial institution. For more information about Delta 360 Inc., visit www.delta360.com


Derek Cook
President
Delta 360 Inc.
Derek.Cook@Delta360.com
905.475.2360

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