tax lien servicing essentials - vadar systems

© 2016 NTLA and VADAR® Systems 1

#NTLAANNUAL16

Lien Servicing EssentialsOperational Efficiency

VADAR® SystemsJed Reitler, VP Sales

Feb 25, 2016

theNTLA.com | vadarsystems.com 2

Portfolio Management

Asset Classes and Securitizations

Investment Philosophies

Alternatives


Servicing

Varied Statute ComplianceTracking and ReconciliationParcel Data ManagementCollections and Notices

Foreclosure and REOLegal Filing and Fees

Custodial Services


ServicingDue

Diligence

Acquisition

Subsequents

Legal and FeesNoticing

Disposition

Analytics

AnalyzeManageReport

5

“When you buy your first lien, you enter the lien servicing business.”

Competition

“In spite of overall growth, 81% agree

they are facing significantcompetitive pressure.”

October 22, 2015

Technology

“A vast majority of executives say they believe technology

can help improve their firms."

October 22, 2015

Spreadsheets → Systems

Collaboration


Your Back OfficeParcel Research

Field Inspection

Parcel Analysis

LoC Payment

Raise Capital

Auction Bid Court Filing Fees

Lender Reporting

Load Acquisition

Portfolio Organization

Flags and Holds

Owner Notices Court Notices

Hold Notices

Payment Plans

Collections

Cash Flow Analysis

Assess Subsequents

Load and Integrate

Subsequents

Integration and Valuation

Analysis

Audit Discrepancies

Report Transactions to

Auditor

Rectify Lender Reporting

Load Redemptions

Review and Post Payments

Report Cash Flow Analysis

Report Redemption

Curve

Bankruptcy

Foreclosure

Title Clearing Legal Notices

Court Filing

Borrowing Base Reports

Operational Review and Audit

Bottom-Line Profit Analysis

Adjust Investment Strategies


Your Back Office


State-by-State ServicingCO FL IN NJ

Bid System Premium Bid Bid Down Premium Bid Bid Down w/ Premium

Interest Rate Fed disc. + 9 pts 18% 18%

Redemption Term 36 months 24 months 12 months 24 months

Accrual Term Monthly Monthly Every 6 Months Daily

Penalty 5% Minimum 10% then 15% Fixed

Premium Allowed Yes No Yes Yes

Premium Recoverable

No No Yes Yes

Premium Interest No No 10% No

Pay Subsequents Yes No Yes Yes

Subsequent Interest Fed disc. + 9 pts N/A 8% - 18%

Fees • Fed disc + 9 • Property Search• Tax Deed App

• Property Search• Recording• Tax Sale

• Property Search• Recording• Penalty 2%-6%

Profit


Risk


Scale

3 Choices

Build BuyServicer

Their Strategy

Less Control

Basis Points

Cost Over-Runs

Never Finished

IT Experts

Your Strategy

Configurable

Scalable


Servicer

BuildBuild costs 180% more

for 1/3 of the planned design.

Acquisition Custodian Redemption Subsequents

Enforcement

Search Audit Instant Analysis Export Interface

Dashboard

1-Click Reports

Measurable $ ResultsQuantifiable Improvements:

• Enhanced cash flow

• Lower error rates

• Increased scalability

Profit Risk Scale

vadarsystems.com 24

[email protected]

877.823.2700

Thank YouQuestion and Answer Session

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