LERETA examined how many homeowners misunderstand the ways in which escrow works, leaving them vulnerable to surprise payment increases as property taxes and insurance premiums rise
LERETA is a provider of real estate property-tax and flood-zone determination services for mortgage servicers and lenders. The company offers everything from outsourced tax tracking to life-of-loan flood certification using proprietary technology to improve efficiency, reduce risk, and ensure compliance. LERETA also helps clients avoid penalties, identify tax liabilities, and integrate tax/flood data into their servicing workflows.
Kristy Fercho, SEVP, head of financial inclusion and opportunity at Wells Fargo, joins the board of directors for property tax data and flood hazard info specialists
