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© 2016 NTLA and VADAR® Systems 1
#NTLAANNUAL16
Lien Servicing Essentials
Operational Efficiency
VADAR® Systems
Jed Reitler...
theNTLA.com | vadarsystems.com 2
Portfolio Management
Asset Classes and Securitizations
Investment Philosophies
Alternatives
theNTLA.com | vadarsystems.com...
Servicing
theNTLA.com | vadarsystems.com 4
Varied Statute Compliance
Tracking and Reconciliation
Parcel Data Management
Co...
Servicing
theNTLA.com | vadarsystems.com 5
Due
Diligence
Acquisition
Subsequents
Legal and
FeesNoticing
Disposition
Analyt...
6
Competition
October 22, 2015
Technology
October 22, 2015
Spreadsheets → Systems
Collaboration
Your Back Office
Parcel Research
Field Inspection
Parcel
Analysis
LoC Payment
Raise Capital
Auction Bid Court
Filing Fees
...
Your Back Office
theNTLA.com | vadarsystems.com 12
State-by-State Servicing
theNTLA.com | vadarsystems.com 13
CO FL IN NJ
Bid System Premium Bid Bid Down Premium Bid Bid Dow...
Profit
Risk
theNTLA.com | vadarsystems.com 15
Scale
theNTLA.com | vadarsystems.com 16
3 Choices
Build BuyServicer
Their Strategy
Less Control
Basis Points
Cost Over-Runs
Never Finished
IT Experts
Your Strateg...
Servicer
theNTLA.com | vadarsystems.com 18
Build
Build costs 180% more
for 1/3 of the planned design.
Buy
Acquisition Custodian Redemption Subsequents Enforcement
Search Audit
Instant
Analysis
Export Interface
Dashboard
Measurable $ Results
Quantifiable Improvements:
•Enhanced cash flow
•Lower error rates
•Increased scalability
LienApp.com
sales@vadarsystems.com
877.823.2700
vadarsystems.com 24
Thank You
Question and Answer Session
Tax Lien Servicing Essentials
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Tax Lien Servicing Essentials

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Tax Lien Servicing Essentials - Presentation for the National Tax Lien Association (NTLA) Annual Conference 2016

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Tax Lien Servicing Essentials

  1. 1. © 2016 NTLA and VADAR® Systems 1 #NTLAANNUAL16 Lien Servicing Essentials Operational Efficiency VADAR® Systems Jed Reitler, VP Sales Feb 25, 2016
  2. 2. theNTLA.com | vadarsystems.com 2
  3. 3. Portfolio Management Asset Classes and Securitizations Investment Philosophies Alternatives theNTLA.com | vadarsystems.com 3
  4. 4. Servicing theNTLA.com | vadarsystems.com 4 Varied Statute Compliance Tracking and Reconciliation Parcel Data Management Collections and Notices Foreclosure and REO Legal Filing and Fees Custodial Services
  5. 5. Servicing theNTLA.com | vadarsystems.com 5 Due Diligence Acquisition Subsequents Legal and FeesNoticing Disposition Analytics Analyze Manage Report
  6. 6. 6
  7. 7. Competition October 22, 2015
  8. 8. Technology October 22, 2015
  9. 9. Spreadsheets → Systems
  10. 10. Collaboration
  11. 11. Your Back Office Parcel 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 theNTLA.com | vadarsystems.com 11
  12. 12. Your Back Office theNTLA.com | vadarsystems.com 12
  13. 13. State-by-State Servicing theNTLA.com | vadarsystems.com 13 CO 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%
  14. 14. Profit
  15. 15. Risk theNTLA.com | vadarsystems.com 15
  16. 16. Scale theNTLA.com | vadarsystems.com 16
  17. 17. 3 Choices Build BuyServicer Their Strategy Less Control Basis Points Cost Over-Runs Never Finished IT Experts Your Strategy Configurable Scalable
  18. 18. Servicer theNTLA.com | vadarsystems.com 18
  19. 19. Build Build costs 180% more for 1/3 of the planned design.
  20. 20. Buy
  21. 21. Acquisition Custodian Redemption Subsequents Enforcement Search Audit Instant Analysis Export Interface Dashboard
  22. 22. Measurable $ Results Quantifiable Improvements: •Enhanced cash flow •Lower error rates •Increased scalability
  23. 23. LienApp.com sales@vadarsystems.com 877.823.2700 vadarsystems.com 24 Thank You Question and Answer Session

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