SLK Global Solutions, a leading provider of comprehensive products and solutions for the mortgage, title and banking industries, announced today that the firm would be showcasing their servicing tech platform for Real Estate Tax Service (RETS) at the Mortgage Bankers Association's (MBA) National Servicing Conference & Expo, which was held on Feb. 6-9 at Grapevine, Texas. RETS is a key component of SLK Global Solutions' suite of technology led solutions for the mortgage servicing industry; a blend of customizable services and cutting-edge products ranging from loan boarding to default services, the company announced in a release.
The platform's unique technology aims at lowering costs and reducing risk levels for servicers.
"In an environment where servicers are facing very high costs, particularly for non-compliance, the ability to reduce both costs and risk is attractive to them. We expect to have a number of meaningful conversations related to real estate and property taxes at the upcoming servicing show around our Real Estate Tax Service Platform (RETS) as it has been shown to lower both costs and risk levels for all our clients, including 2 of the top 5 U.S. Commercial and Multi-family Servicers", said Eric Wilson, senior vice president - Mortgage at SLK Global Solutions.
Wilson has been in the mortgage and financial services industry for over 25 years, including at a globally recognized business process management and services organization.
SLK Global Solutions developed its RETS offering to provide a mortgage servicing technology solution that could deliver proactive notifications and provide upfront visibility of delinquency for the servicer's portfolio of properties. RETS is a single instance, web-based real estate tax servicing platform that uses technology to collect and maintain updated tax information from various counties and cities, freeing up the servicer's time from managing tax intricacies and allowing them to focus on delivering superior customer service, the company said.
Over the past year, the company's servicing customers have remarked favorably on three key benefits they have received from RETS that are not available elsewhere:
- Easily customizable to specific servicing needs as the platform is built on a Service Oriented architecture;
- Servicers can reduce their costs with a pricing based on servicer needs, portfolio size and lending habits; and
- Real time customer service related specifically to the property tax process, available via phone or instant chat.
"We have 100+ years of combined leadership experience in the real estate tax business, catering to both commercial and residential portfolios," SLK Global Solutions President Alok Datta said. "RETS is our answer to the servicer's desire for greater transparency, better pricing, higher quality and a better partner than they have had in the past. I look forward to discussing it with our prospects at the MBA's upcoming conference."
In addition to RETS, SLK Global Solutions discussed a number of its other mortgage servicing solutions at the MBA show including technology enabled products designed to simplify Escrow, Taxes & Insurance and Default/Loss Mitigation processes for servicers: SmartProp - Property Search solution and SmartTrak - Property Tax solution.