Tax Lien Servicing Essentials - VADAR Systems

2. Portfolio Management Asset Classes and Securitizations Investment Philosophies Alternatives theNTLA.com | vadarsystems.com 2

3. Servicing theNTLA.com | vadarsystems.com 3 Varied Statute Compliance Tracking and Reconciliation Parcel Data Management Collections and Notices Foreclosure and REO Legal Filing and Fees Custodial Services

4. Servicing theNTLA.com | vadarsystems.com 4 Due Diligence Acquisition Subsequents Legal and FeesNoticing Disposition Analytics Analyze Manage Report

6. Competition October 22, 2015

7. Technology October 22, 2015

8. Spreadsheets → Systems

9. Collaboration

10. 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 10

11. Your Back Office theNTLA.com | vadarsystems.com 11

12. State-by-State Servicing theNTLA.com | vadarsystems.com 12 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%

13. Profit

14. Risk theNTLA.com | vadarsystems.com 14

15. Scale theNTLA.com | vadarsystems.com 15

16. 3 Choices Build BuyServicer Their Strategy Less Control Basis Points Cost Over-Runs Never Finished IT Experts Your Strategy Configurable Scalable

17. Servicer theNTLA.com | vadarsystems.com 17

18. Build Build costs 180% more for 1/3 of the planned design.

19. Buy

20. Acquisition Custodian Redemption Subsequents Enforcement Search Audit Instant Analysis Export Interface Dashboard

21. 1-Click Reports

22. Measurable $ Results Quantifiable Improvements: •Enhanced cash flow •Lower error rates •Increased scalability

23. LienApp.com sales@vadarsystems.com 877.823.2700 vadarsystems.com 24 Thank You Question and Answer Session