There’s an old saying: “If it ain’t broke, don’t fix it.” While that sounds like good advice, it assumes two very important things: first, that the observer is right and the process isn’t broken and second, that a significantly better way does not exist.
On a macro level, there are many manual steps within the traditional title process that have worked well for decades but are now being re-thought and re-engineered - not because they are broken - but simply because the industry is rapidly becoming more digital and traditional workflows slow, rather than accelerate, this process.
Over the past few years, great strides have been made by our industry to bring operational and human efficiency and productivity to the title production workflow while driving down risk and cost.
– As title companies evaluate emerging technology to meet market demand; digital, real-time property tax status reporting is the logical choice. –
The title industry – like all segments of the real estate/finance ecosystem – continues to search for ways to streamline and accelerate production processes while reducing cost and risk. Industry players have begun to revamp legacy title workflows to digitally connected, including title search automation, real estate research, property profile generation and document retrieval. Yet one crucial highly manual, inefficient component remains largely untouched… how title companies source property tax status information.
TaxSource property tax reporting delivers full national coverage with the most current tax status>and rapid results through the latest technology and data resources.
DataTrace TaxSource provides a single solution to all your tax processing needs. Eliminate the challenges of managing your in-house tax searches or multiple regional vendors. Our robust integration provides the tax data you need, the way you need it – directly to your production system. With TaxSource trusted, validated tax status information is delivered through an efficient, nationwide network of data and expertise.
Data Trace Information Services LLC makes no expressed or implied warranty respecting the information presented and assumes no responsibility for errors or omissions.
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