Efficient Nationwide Real Estate Tax and Municipal Lien Searches in the U.S. within 3 Months.
Overview.
Coforge enabled a leading commercial mortgage servicer to conduct nationwide real estate tax and municipal lien searches within a tight 3-month timeline, achieving significant cost savings and high-quality results.
Challenges.
The client faced challenges including
· Conducting more than 9000 orders for taxes, MLS, water, and sewer searches within a 3-month timeline
· Balancing high volume and short ramp-up time with cost-effectiveness
Solution.
Coforge provided a comprehensive solution, including:
· Implementing an onshore and offshore hybrid model for cost-effective operations
· Setting up a search production plan for parallel processing and timely completion
· Cross-training resources to provide support in the short run
· Pre and post-production quality control to ensure high-quality results
The Impact.
The impact of Coforge's solution is summarized as follows:
· 43% reduction in average handling time for tax research processes
· Enhanced efficiency and accuracy in tax research
· Streamlined tax research processes leading to improved operational efficiency
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