CMG Financial Selects LERETA’s Residential Tax And Flood Outsourcing Solutions
LERETA, a national provider of real estate tax and flood services for mortgage servicers, announced a strategic relationship with CMG Financial (CMG), a privately-held mortgage banking firm based in San Ramon, CA, to manage real estate taxes and flood insurance for CMG’s servicing portfolio.
This decision to use LERETA was part of a broader decision to move its 400,000-loan portfolio from sub-servicing to in-house servicing. A large part of the decision to move in-house was to improve the experience CMG is able to deliver to its customers, including how it handles real estate and flood insurance issues.
“CMG is dedicated to continually enhancing the customer experience that we deliver to our borrowers through our loan servicing operations,” said Courtney Thompson, EVP of Servicing at CMG Financial. “After thorough evaluation, we are confident that LERETA’s advanced technology, coupled with its hands-on, comprehensive approach to tax and flood servicing aligns perfectly with our commitment to excellence and will enable us to better serve our clients while streamlining our processes.”
LERETA’s tax and flood servicing suite offers a comprehensive array of solutions designed to simplify and optimize the management of real estate taxes and flood insurance. Leveraging cutting-edge technology and unparalleled industry expertise, LERETA delivers accurate, timely, and compliant services that support diverse business rules and the unique nuances of lenders’ portfolios and processes.
“We are thrilled to partner with CMG and support their mission of delivering superior service and value to clients,” said John Walsh, CEO of LERETA. “Our tax and flood servicing suite is uniquely positioned to meet the evolving needs of today’s mortgage lenders and we are committed to delivering exceptional results that exceed expectations.”
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