Tax Admin.LMS360™ is a workflow enabled software solution for Canadian banks and mortgage lenders, which allows them to manage and process municipal taxes and school taxes on behalf of their borrowers. Delta 360’s tax administration software provides mortgage lenders with the ability to automate the entire tax administration process, thus reducing, or in many cases eliminating, any manual processes and the costs associated with these administrative tasks.
AUTOMATED MUNICIPALITY TAX BILL UPLOAD
In seconds, banks and mortgage lenders can upload thousands of individual tax bills from a municipality to a centralized tax bill processing view within our software. Our system automatically locates properties that were setup in the incorrect municipality and can correct these errors with a click of a button.
Your proven processes are captured and utilized by the software to ensure that individuals complete tasks in a timely fashion and that lenders are maximizing the capacity of their property tax team. Our workflow engine ensures the timely preparation of remittances to municipalities, well in advance of bill due dates, eliminating any late payment penalties charged by municipalities.
With the press of a button, the system provides an online balancing tool to ensure the remittance to the municipality is balanced prior to sending payment and prior to the posting of the individual tax bills.
TAX BILL AND CUSTOMER REFUND PROCESSING
The system tracks a complete history of tax receipts from customers and remittances to the municipalities. The system will automatically post the required tax bills to the account history, refund any surplus as required and record the annual taxes paid for each tax escrow.
AUTOMATED TAX ADJUSTMENTS AND LETTER GENERATION
Upon payment of the final tax bill for each municipality and in conjunction with your business rules, the system will automatically perform the required tax adjustments to each tax account to ensure accurate tax portions are collected for remittance to the municipality.
CONFIGURABLE TAX RULES
Our highly configurable software technology platform provides you with the flexibility of configuring various municipality and property tax business rules through the software's administration tools.
Our tax administration software module can be easily be integrated with mortgage and loan servicing platform.